Matt Blunt - Oct 3, 2023 Form 4/A - Amendment Insider Report for COPART INC (CPRT)

Role
Director
Signature
/s/ Paul K. Kirkpatrick attorney-in-fact
Stock symbol
CPRT
Transactions as of
Oct 3, 2023
Transactions value $
-$1,048,000
Form type
4/A - Amendment
Date filed
10/12/2023, 11:25 AM
Date Of Original Report
Oct 5, 2023
Previous filing
Feb 24, 2023
Next filing
Dec 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CPRT Common Stock Options Exercise $1.11M +50K $22.15 50K Oct 3, 2023 Direct F1
transaction CPRT Common Stock Sale -$2.16M -50K -100% $43.11 0 Oct 3, 2023 Direct F2, F3

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 -50K -100% $0.00* 0 Oct 3, 2023 Common Stock 50K $22.15 Direct F1, F4, F5, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In the initial Form 4 filed on October 5, 2023, the number of options exercised was incorrectly listed as 49,435 options, which is being corrected in this Form 4/A as 50,000 options.
F2 In the initial Form 4 filed on October 5, 2023, the number of shares sold was incorrectly listed as 49,435 shares, which is being corrected in this Form 4/A as 50,000 shares sold.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.10 to $43.41, 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.
F4 This option was previously reported as an option for 25,000 shares of common stock at an exercise price of $88.60 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.
F5 2007 Equity Incentive Plan.
F6 This Form 4/A amends the number of stock options exercised by the reporting person on October 3, 2023 by 562 additional options.
F7 Options vest on a monthly basis over the 12 months succeeding the grant date.