Matt Blunt - Feb 26, 2024 Form 4 Insider Report for COPART INC (CPRT)

Role
Director
Signature
/s/ Paul K. Kirkpatrick attorney-in-fact
Stock symbol
CPRT
Transactions as of
Feb 26, 2024
Transactions value $
-$2,597,625
Form type
4
Date filed
2/28/2024, 05:08 PM
Previous filing
Dec 12, 2023
Next filing
Dec 10, 2024

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 Feb 26, 2024 Direct
transaction CPRT Common Stock Options Exercise $1.4M +50K +100% $28.02 100K Feb 26, 2024 Direct
transaction CPRT Common Stock Sale -$5.11M -100K -100% $51.06 0 Feb 26, 2024 Direct

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 -50K -100% $0.00* 0 Feb 26, 2024 Common Stock 50K $22.15 Direct F1, F2, F3
transaction CPRT Stock Option (right to buy) Options Exercise $0 -50K -50% $0.00 50K Feb 26, 2024 Common Stock 50K $28.02 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 2007 Equity Incentive Plan.
F3 Options vest on a monthly basis over the 12 months succeeding the grant date.
F4 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.