Willis J. Johnson - Jun 27, 2023 Form 4 Insider Report for COPART INC (CPRT)

Role
Chairman of the Board, Director
Signature
/s/ Paul K. Kirkpatrick attorney-in-fact
Stock symbol
CPRT
Transactions as of
Jun 27, 2023
Transactions value $
-$48,372,500
Form type
4
Date filed
6/29/2023, 05:48 PM
Previous filing
Mar 1, 2023
Next filing
Sep 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CPRT Common Stock Options Exercise $1.46M +160K +9.02% $9.11* 1.93M Jun 27, 2023 Direct
transaction CPRT Common Stock Options Exercise $1.57M +160K +8.27% $9.81* 2.09M Jun 27, 2023 Direct
transaction CPRT Common Stock Options Exercise $2.23M +160K +7.64% $13.96* 2.25M Jun 27, 2023 Direct
transaction CPRT Common Stock Options Exercise $1.76M +80K +3.55% $21.98 2.33M Jun 27, 2023 Direct
transaction CPRT Common Stock Options Exercise $1.18M +50K +2.14% $23.60 2.38M Jun 27, 2023 Direct
transaction CPRT Common Stock Options Exercise $2.21M +50K +2.1% $44.29 2.43M Jun 27, 2023 Direct
transaction CPRT Common Stock Sale -$58.8M -660K -27.12% $89.07 1.77M Jun 27, 2023 Direct F1
holding CPRT Common Stock 25M Jun 27, 2023 Willis J. Johnson and Reba J. Johnson Revocable Trust DTD 1/16/1997
holding CPRT Common Stock 400K Jun 27, 2023 Willis J. Johnson and Reba J. Johnson Community Property
holding CPRT Common Stock 769K Jun 27, 2023 Willis and Reba's Foundation

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 -100% $0.00* 0 Jun 27, 2023 Common Stock 160K $9.11 Direct F2, F3
transaction CPRT Stock Option Options Exercise $0 -160K -100% $0.00* 0 Jun 27, 2023 Common Stock 160K $9.81 Direct F2, F3
transaction CPRT Stock Option Options Exercise $0 -160K -100% $0.00* 0 Jun 27, 2023 Common Stock 160K $13.96 Direct F2, F3
transaction CPRT Stock Option Options Exercise $0 -80K -100% $0.00* 0 Jun 27, 2023 Common Stock 80K $21.98 Direct F2, F3
transaction CPRT Stock Option Options Exercise $0 -50K -100% $0.00* 0 Jun 27, 2023 Common Stock 50K $23.60 Direct F4
transaction CPRT Stock Option Options Exercise $0 -50K -100% $0.00* 0 Jun 27, 2023 Common Stock 50K $44.29 Direct F4
* 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 $88.87 to $89.22, 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 One half of the options vest on the first anniversary of the date of grant and the balance vests on a monthly basis over the 12 months succeeding such first anniversary.
F4 Options vest on a monthly basis over the 12 months succeeding the grant date.