Form 4 for CPRT Copart
Accepted 2023-10-11 00:00:00 ET · period of report 2023-10-09 · accession 0001628280-23-034253 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-10-11 | 2023-10-09 | CPRT | FISHER STEPHEN | Dir | M - OptEx | $31.17 | +160.0K | 160.0K | New | +$4.99M |
| D | 2023-10-11 | 2023-10-09 | CPRT | FISHER STEPHEN | Dir | S - Sale+OE | $45.69 | -160.0K | 0 | -100% | -$7.31M |
| DM | 2023-10-11 | 2023-10-09 | CPRT | FISHER STEPHEN | Dir | M - OptEx | $0.00 | -160.0K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-10-09 | M | A | 100,000 | $28.02 | 100,000 | D | — | — | |
| 2 | Common | Common Stock | 2023-10-09 | S | D | 160,000 | $45.69 | 0 | D | — | — | (F1) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.37 to $45.96, 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. |
| 3 | Common | Common Stock | 2023-10-09 | M | A | 60,000 | $36.41 | 160,000 | D | — | — | |
| 4 | Derivative | Stock Option (right to buy) | 2023-10-09 | M | D | 100,000 | $0.00 | 0 | D | $28.02 · — to 2027-12-04 | 100,000 Common Stock | (F2) 2007 Equity Incentive Plan. (F3) 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. (F4) Options vest on a monthly basis over the 12 months succeeding the grant date. |
| 5 | Derivative | Stock Option (right to buy) | 2023-10-09 | M | D | 60,000 | $0.00 | 0 | D | $36.41 · — to 2028-12-03 | 60,000 Common Stock | (F5) This option was previously reported as an option for 15,000 shares of common stock at an exercise price of $145.62 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. (F4) Options vest on a monthly basis over the 12 months succeeding the grant date. |