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

Reporting relationship: Chairman of the Board, Director
Issuer ticker: CPRT
Reported as of: 27 Jun 2023
Net transaction value: -$48,372,500
SEC form: 4
Accepted by SEC: 29 Jun 2023, 17:48:03 UTC
Prior SEC filing: 01 Mar 2023
Next SEC filing: 21 Sep 2023
Source filing: View source filing
Reporting owner signature: /s/ Paul K. Kirkpatrick attorney-in-fact

Filing notes and source

Key filing fact

Willis J. Johnson filed Form 4 for COPART INC (CPRT) on 29 Jun 2023.

Key facts

This page summarizes Willis J. Johnson's Form 4 filing for COPART INC (CPRT).
13 reported transactions and 6 derivative rows are listed below.
Accepted by SEC: 29 Jun 2023, 17:48.

Change

Previous filing in this sequence was filed on 01 Mar 2023.
Current net transaction value: -$48,372,500.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CPRT transaction

Common Stock

Options Exercise

Transaction value: $1,457,600
Shares: +160,000
Change %: +9%
Price: $9.11^*
Shares after: 1,933,832
Date: 27 Jun 2023
Ownership: Direct

CPRT transaction

Common Stock

Options Exercise

Transaction value: $1,569,600
Shares: +160,000
Change %: +8.3%
Price: $9.81^*
Shares after: 2,093,832
Date: 27 Jun 2023
Ownership: Direct

CPRT transaction

Common Stock

Options Exercise

Transaction value: $2,233,600
Shares: +160,000
Change %: +7.6%
Price: $13.96^*
Shares after: 2,253,832
Date: 27 Jun 2023
Ownership: Direct

CPRT transaction

Common Stock

Options Exercise

Transaction value: $1,758,400
Shares: +80,000
Change %: +3.5%
Price: $21.98
Shares after: 2,333,832
Date: 27 Jun 2023
Ownership: Direct

CPRT transaction

Common Stock

Options Exercise

Transaction value: $1,180,000
Shares: +50,000
Change %: +2.1%
Price: $23.60
Shares after: 2,383,832
Date: 27 Jun 2023
Ownership: Direct

CPRT transaction

Common Stock

Options Exercise

Transaction value: $2,214,500
Shares: +50,000
Change %: +2.1%
Price: $44.29
Shares after: 2,433,832
Date: 27 Jun 2023
Ownership: Direct

CPRT transaction

Common Stock

Sale

Transaction value: -$58,786,200
Shares: -660,000
Change %: -27%
Price: $89.07
Shares after: 1,773,832
Date: 27 Jun 2023
Ownership: Direct
Footnotes: F1

CPRT holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 24,993,518
Date: 27 Jun 2023
Ownership: Willis J. Johnson and Reba J. Johnson Revocable Trust DTD 1/16/1997

CPRT holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 400,000
Date: 27 Jun 2023
Ownership: Willis J. Johnson and Reba J. Johnson Community Property

CPRT holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 769,102
Date: 27 Jun 2023
Ownership: Willis and Reba's Foundation

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CPRT transaction Derivative

Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -160,000
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 27 Jun 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 160,000
Exercise price: $9.11
Footnotes: F2, F3

CPRT transaction Derivative

Stock Option

Options Exercise

Transaction value: $0
Shares: -160,000
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 27 Jun 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 160,000
Exercise price: $9.81
Footnotes: F2, F3

CPRT transaction Derivative

Stock Option

Options Exercise

Transaction value: $0
Shares: -160,000
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 27 Jun 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 160,000
Exercise price: $13.96
Footnotes: F2, F3

CPRT transaction Derivative

Stock Option

Options Exercise

Transaction value: $0
Shares: -80,000
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 27 Jun 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 80,000
Exercise price: $21.98
Footnotes: F2, F3

CPRT transaction Derivative

Stock Option

Options Exercise

Transaction value: $0
Shares: -50,000
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 27 Jun 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 50,000
Exercise price: $23.60
Footnotes: F4

CPRT transaction Derivative

Stock Option

Options Exercise

Transaction value: $0
Shares: -50,000
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 27 Jun 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 50,000
Exercise price: $44.29
Footnotes: F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote 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.

Footnote F2

2007 Equity Incentive Plan

Footnote 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.

Footnote F4

Options vest on a monthly basis over the 12 months succeeding the grant date.