Leah C. Stearns - 16 Sep 2025 Form 4 Insider Report for COPART INC (CPRT)

Reporting relationship: Chief Financial Officer
Issuer ticker: CPRT
Reported as of: 16 Sep 2025
Net transaction value: $0
SEC form: 4
Accepted by SEC: 18 Sep 2025, 16:05:47 UTC
Prior SEC filing: 28 Nov 2023
Source filing: View source filing
Reporting owner signature: /s/ Leah Stearns

Key filing fact

Leah C. Stearns filed Form 4 for COPART INC (CPRT) on 18 Sep 2025.

Key facts

This page summarizes Leah C. Stearns's Form 4 filing for COPART INC (CPRT).
2 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 18 Sep 2025, 16:05.

Change

Previous filing in this sequence was filed on 28 Nov 2023.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001776291 Primary reporting owner

STEARNS LEAH C

Relationship: Chief Financial Officer
Address: 14185 DALLAS PARKWAY, SUITE 400, DALLAS
Signature: /s/ Leah Stearns
Signature date: 18 Sep 2025

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CPRT transaction Derivative

Stock Option

Award

Transaction value: $0
Shares: +75,000
Change %
Price: $0.000000
Shares after: 75,000
Date: 16 Sep 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 75,000
Exercise price: $46.57
Footnotes: F1

CPRT transaction Derivative

Stock Option (right to buy)

Award

Transaction value: $0
Shares: +75,000
Change %: +100%
Price: $0.000000
Shares after: 150,000
Date: 16 Sep 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 75,000
Exercise price: $46.57
Footnotes: F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

Amended and Restated 2007 Equity Incentive Plan. Twenty percent (20%) of the options vest on the first anniversary of the grant date and the balance vests over the 48 months succeeding such first anniversary.

Footnote F2

Amended and Restated 2007 Equity Incentive Plan. Twenty percent (20%) of the options vest on the first anniversary of the grant date and the balance vests on a monthly basis over the 48 months succeeding such first anniversary. In addition to service-based vesting, the award is also subject to a performance-based vesting condition, such that no portion of the otherwise vested award may be exercised unless the Copart, Inc. common stock price in trading on the Nasdaq Global Select Market is equal to or greater than $58.21 (an amount equal to 125% of the exercise price), both (i) at the time of any exercise, and (ii) at the closing price of the Copart, Inc. common stock in trading on the Nasdaq Global Select market for each of the twenty consecutive days preceding the date of any exercise.