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

Role
Director
Signature
/s/ Paul K. Kirkpatrick attorney-in-fact
Issuer symbol
CPRT
Transactions as of
26 Feb 2024
Net transactions value
-$2,597,625
Form type
4
Filing time
28 Feb 2024, 17:08:05 UTC
Previous filing
12 Dec 2023
Next filing
10 Dec 2024
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 $1,107,250 +50,000 $22.14 50,000 26 Feb 2024 Direct
transaction CPRT Common Stock Options Exercise $1,401,125 +50,000 +100% $28.02 100,000 26 Feb 2024 Direct
transaction CPRT Common Stock Sale $5,106,000 -100,000 -100% $51.06 0 26 Feb 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 -50,000 -100% $0.000000* 0 26 Feb 2024 Common Stock 50,000 $22.14 Direct F1, F2, F3
transaction CPRT Stock Option (right to buy) Options Exercise $0 -50,000 -50% $0.000000 50,000 26 Feb 2024 Common Stock 50,000 $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.