Thomas N. Tryforos - May 19, 2023 Form 4 Insider Report for COPART INC (CPRT)

Role: Director
Signature: /s/ Paul K. Kirkpatrick attorney-in-fact
Stock symbol: CPRT
Transactions as of: May 19, 2023
Transactions value $: -$9,799,009
Form type: 4
Date filed: 5/23/2023, 01:39 PM
Previous filing: Dec 13, 2022
Next filing: Aug 24, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CPRT	Common Stock	Options Exercise	$2.85M	+160K		$17.81^*	160K	May 19, 2023	Direct
transaction	CPRT	Common Stock	Sale	-$12.6M	-143K	-89.44%	$88.39	16.9K	May 19, 2023	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 (right to buy)	Options Exercise	$0	+160K		$0.00	160K	May 19, 2023	Common Stock	160K	$17.81	Direct	F2

* 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 $88.08 to $88.99, 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. Fifty percent (50%) of the stock options vested on the first anniversary of the date of grant, and the remaining stock options vested at a rate of 1/24 per month, and became fully vested on the second anniversary of the date of grant.

Content

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $88.08 to $88.99, 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.

2007 Equity Incentive Plan. Fifty percent (50%) of the stock options vested on the first anniversary of the date of grant, and the remaining stock options vested at a rate of 1/24 per month, and became fully vested on the second anniversary of the date of grant.