Daniel J. Englander - 25 May 2022 Form 4 Insider Report for COPART INC (CPRT)

Role
Director
Signature
/s/ John North, as attorney-in-fact
Issuer symbol
CPRT
Transactions as of
25 May 2022
Transactions value $
$-7,661,600
Form type
4
Filing time
26 May 2022, 08:07:31 UTC
Previous filing
04 May 2022
Next filing
06 Sep 2022
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 $1,200,800 +80,000 $15.01 80,000 25 May 2022 Direct
transaction CPRT Common Stock Sale $-8,862,400 -80,000 -100% $110.78 0 25 May 2022 Direct F1

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 +80,000 $0.000000 80,000 25 May 2022 Common Stock 80,000 $15.01 Direct F2, F3
* 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 $110.13 to $111.14, 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 This option was previously reported as an option for 40,000 shares of common stock at an exercise price of $30.02 per share, but was adjusted to reflect the stock dividend declared by Copart on April 3, 2017.
F3 2007 Equity Incentive Plan. 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.