Jeffrey Liaw - 06 Jul 2021 Form 4 Insider Report for COPART INC (CPRT)

Role: President & CEO North America
Signature: /s/ Jeffrey Liaw President and CEO North America
Issuer symbol: CPRT
Transactions as of: 06 Jul 2021
Net transactions value: -$1,053,053
Form type: 4
Filing time: 08 Jul 2021, 07:59:43 UTC
Previous filing: 07 Jul 2021
Next filing: 05 Apr 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CPRT	Common Stock	Options Exercise	$428,559	+15,814		$27.10	15,814	06 Jul 2021	Direct
transaction	CPRT	Common Stock	Options Exercise	$41,192	+1,520	+9.6%	$27.10	17,334	06 Jul 2021	Direct
transaction	CPRT	Common Stock	Options Exercise	$81,367	+4,320	+25%	$18.84^*	21,654	06 Jul 2021	Direct
transaction	CPRT	Common Stock	Sale	$2,155,290	-15,814	-73%	$136.29	5,840	06 Jul 2021	Direct	F1

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
transaction	CPRT	Employee Stock Option (right to buy)	Options Exercise	$428,559	+15,814		$27.10	8,186	06 Jul 2021	Common Stock	15,814	$27.10	Direct	F2, F3
transaction	CPRT	Employee Stock Option (right to buy)	Options Exercise	$41,192	+1,520	+30%	$27.10	6,666	06 Jul 2021	Common Stock	1,520	$27.10	Direct	F2, F3
transaction	CPRT	Stock Option	Options Exercise	$81,367	+4,320		$18.84^*	0	06 Jul 2021	Common Stock	4,320	$18.84	Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $136.11 to $136.46, inclusive. The reporting person undertakes to provide to Copart, Inc., any security holder of Copart, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4.
F2	2007 Equity Incentive Plan.
F3	2007 Equity Incentive Plan. Twenty percent (20%) of the options vest on the first anniversary of the grant date and the balance vests on a monthly basis over the 48 months succeeding such first anniversary.