Tyler Tuite - Jun 25, 2024 Form 3 Insider Report for CARMAX INC (KMX)

Role
SVP & Chief Product Officer
Signature
Christine Carter, attorney-in-fact
Stock symbol
KMX
Transactions as of
Jun 25, 2024
Transactions value $
$0
Form type
3
Date filed
7/2/2024, 04:23 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding KMX Common Stock 227 Jun 25, 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding KMX Restricted Stock Units Jun 25, 2024 Common Stock 1.16K Direct F1, F2
holding KMX Restricted Stock Units Jun 25, 2024 Common Stock 1.48K Direct F2, F3
holding KMX Restricted Stock Units Jun 25, 2024 Common Stock 462 Direct F2, F4
holding KMX Stock Options (Right to Buy) Jun 25, 2024 Common Stock 4.87K $78.61 Direct F5
holding KMX Stock Options (Right to Buy) Jun 25, 2024 Common Stock 13.3K $71.07 Direct F6
holding KMX Stock Options (Right to Buy) Jun 25, 2024 Common Stock 7.3K $136.94 Direct F7
holding KMX Stock Options (Right to Buy) Jun 25, 2024 Common Stock 13.2K $91.14 Direct F8
holding KMX Stock Options (Right to Buy) Jun 25, 2024 Common Stock 15.2K $70.48 Direct F9
holding KMX Stock Options (Right to Buy) Jun 25, 2024 Common Stock 4.49K $68.99 Direct F10
holding KMX Stock Options (Right to Buy) Jun 25, 2024 Common Stock 15.4K $67.21 Direct F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units shall vest on May 2, 2025.
F2 Shares of Company common stock will be issued to the Reporting Person following vesting of the restricted stock units, which are referred to by the Company as market stock units (MSUs), in accordance with the terms of the Form of Notice of Market Stock Unit Grant filed as Exhibit 10.55 to the Company's Annual Report on Form 10-K filed on April 21, 2020. The minimum number of shares of Company common stock that will be issued to the Reporting Person at payment is zero, and the maximum number of shares of Company common stock that will be issued at payment is two times the number of MSUs.
F3 The restricted stock units shall vest on May 1, 2026.
F4 The restricted stock units shall vest on October 3, 2026.
F5 The stock options became exercisable with respect to one-fourth of the underlying shares of Common Stock on each of May 1, 2020, May 1, 2021, May 1, 2022 and May 1, 2023 and are now fully exercisable.
F6 The stock options became exercisable with respect to one-fourth of the underlying shares of Common Stock on each of May 1, 2021, May 1, 2022, May 1, 2023 and May 1, 2024 and are now fully exercisable.
F7 The stock options became exercisable with respect to one-fourth of the underlying shares of Common Stock on each of May 3, 2022, May 3, 2023 and May 3, 2024 and become exercisable with respect to one-fourth of the underlying shares of Common Stock on May 3, 2025.
F8 The stock options became exercisable with respect to one-fourth of the underlying shares of Common Stock on each of May 2, 2023 and May 2, 2024 and become exercisable with respect to one-fourth of the underlying shares of Common Stock on each of May 2, 2025 and May 2, 2026.
F9 The stock options became exercisable with respect to one-fourth of the underlying shares of Common Stock on May 1, 2024 and become exercisable with respect to one-fourth of the underlying shares of Common Stock on each of May 1, 2025, May 1, 2026 and May 1, 2027.
F10 The stock options become exercisable with respect to one-fourth of the underlying shares of Common Stock on each of October 3, 2024, October 3, 2025, October 3, 2026 and October 3, 2027.
F11 The stock options become exercisable with respect to one-fourth of the underlying shares of Common Stock on each of May 1, 2025, May 1, 2026, May 1, 2027 and May 1, 2028.

Remarks:

Exhibit 24.1 - Power of Attorney