Stephen Fisher - 09 Oct 2023 Form 4 Insider Report for COPART INC (CPRT)

Role
Director
Signature
/s/ Paul K. Kirkpatrick attorney-in-fact
Issuer symbol
CPRT
Transactions as of
09 Oct 2023
Net transactions value
-$2,323,850
Form type
4
Filing time
11 Oct 2023, 16:36:33 UTC
Previous filing
24 May 2023
Next filing
11 Dec 2023
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 $2,802,250 +100,000 $28.02 100,000 09 Oct 2023 Direct
transaction CPRT Common Stock Options Exercise $2,184,300 +60,000 +60% $36.40 160,000 09 Oct 2023 Direct
transaction CPRT Common Stock Sale $7,310,400 -160,000 -100% $45.69 0 09 Oct 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 -100,000 -100% $0.000000* 0 09 Oct 2023 Common Stock 100,000 $28.02 Direct F2, F3, F4
transaction CPRT Stock Option (right to buy) Options Exercise $0 -60,000 -100% $0.000000* 0 09 Oct 2023 Common Stock 60,000 $36.40 Direct F2, F4, F5
* 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 $45.37 to $45.96, 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 This option was previously reported as an option for 25,000 shares of common stock at an exercise price of $112.09 per share, but was adjusted to reflect the separate 2-1 stock splits in the form of stock dividends made by Copart on November 3, 2022 and August 21, 2023, respectively.
F4 Options vest on a monthly basis over the 12 months succeeding the grant date.
F5 This option was previously reported as an option for 15,000 shares of common stock at an exercise price of $145.62 per share, but was adjusted to reflect the separate 2-1 stock splits in the form of stock dividends made by Copart on November 3, 2022 and August 21, 2023, respectively.