Thomas N. Tryforos - Mar 13, 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
Mar 13, 2024
Transactions value $
-$14,295,950
Form type
4
Date filed
3/15/2024, 09:52 AM
Previous filing
Dec 12, 2023
Next filing
Jun 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CPRT Common Stock Options Exercise $1.46M +320K $4.55* 320K Mar 13, 2024 Direct
transaction CPRT Common Stock Sale -$15.8M -285K -89.06% $55.27 35K Mar 13, 2024 Direct F1
transaction CPRT Common Stock Gift $0 -33.7K -96.15% $0.00 1.35K Mar 14, 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 Options Exercise $0 -320K -100% $0.00* 0 Mar 13, 2024 Common Stock 320K $4.55 Direct F2, F3, F4
* 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 $55.00 to $55.54, 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 40,000 shares of common stock at an exercise price of $36.45 per share, but was adjusted to reflect the separate 2-1 stock splits in the form of stock dividends made by Copart on April 3, 2017, November 3, 2022, and August 21, 2023, respectively.
F4 One half of the options vested on the first anniversary of the date of grant and the balance vested on a monthly basis over the 12 months succeeding such first anniversary.