Daniel J. Englander - May 25, 2022 Form 4 Insider Report for COPART INC (CPRT)

Role
Director
Signature
/s/ John North, as attorney-in-fact
Stock symbol
CPRT
Transactions as of
May 25, 2022
Transactions value $
-$7,661,600
Form type
4
Date filed
5/26/2022, 08:07 AM
Previous filing
May 4, 2022
Next filing
Sep 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CPRT Common Stock Options Exercise $1.2M +80K $15.01 80K May 25, 2022 Direct
transaction CPRT Common Stock Sale -$8.86M -80K -100% $110.78 0 May 25, 2022 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 Stock Option Options Exercise $0 +80K $0.00 80K May 25, 2022 Common Stock 80K $15.01 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 $110.13 to $111.14, 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 This option was previously reported as an option for 40,000 shares of common stock at an exercise price of $30.02 per share, but was adjusted to reflect the stock dividend declared by Copart on April 3, 2017.
F3 2007 Equity Incentive Plan. One half of the options vested on the first anniversary of the date of grant and the balance vested on a monthly basis over the 12 months succeeding such first anniversary.