Copart Insider Plans $10.88M Sale After Option Exercise — Form 144

Rhea-AI Filing Summary

COPART, INC. (CPRT) Form 144 reports a proposed sale of 228,840 common shares to be executed through Morgan Stanley Smith Barney LLC on 09/15/2025. The filing shows the shares were acquired the same day via stock option exercise and paid for in cash. The aggregate market value of the proposed sale is $10,879,053.60, against 966,936,214 shares outstanding. The filer states there were no securities sold in the past three months and affirms no undisclosed material adverse information regarding the issuer.

Positive

• Full disclosure of acquisition method (stock option exercise), payment method (cash), broker, and proposed sale date
• No sales in the prior three months, suggesting this is an isolated liquidity event rather than repeated insider disposals
• Attestation that the filer does not possess undisclosed material adverse information

Negative

• Relatively large single-sale value of $10,879,053.60, which could attract market attention despite being a small percentage of outstanding shares

Insights

Securities Analyst

TL;DR: Insider exercised options and plans a single large sale worth $10.88M; routine disclosure with neutral market impact.

The Form 144 documents a scheduled sale of 228,840 Copart shares following an option exercise and immediate cash payment. The sale will occur via Morgan Stanley Smith Barney on NASDAQ and represents approximately 0.024% of outstanding shares, so it is unlikely to materially affect market supply or valuation. The filing also reports no sales in the prior three months and includes the standard attestation of no undisclosed material information. From a regulatory and market-transparency perspective this is a routine insider liquidity event rather than a corporate action.

Corporate Governance Specialist

TL;DR: Filing is compliant with Rule 144 disclosure for an insider option exercise and planned sale; no governance red flags disclosed.

The notice provides required details: acquisition date, nature of acquisition (stock option exercise), payment method (cash), broker details, and proposed sale date. The signer’s representation denying possession of undisclosed material information is included, fulfilling the certifying statement expected on Form 144. There are no indications of clustered recent disposals or other filings that would raise governance concerns.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	228840	10879053.60	966936214	09/15/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	09/15/2025	Stock Option Exercise	Issuer			228840	09/15/2025	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the COPART (CPRT) Form 144 disclose?

The filing discloses a proposed sale of 228,840 common shares via Morgan Stanley Smith Barney on 09/15/2025, acquired the same day by stock option exercise and paid in cash.

How much is the proposed sale worth in the COPART Form 144?

The aggregate market value of the proposed sale is listed as $10,879,053.60.

Does the Form 144 show recent insider sales for CPRT?

No. The filing states "Nothing to Report" for securities sold during the past three months.

Who is handling the sale for COPART shares in this filing?

The broker named is Morgan Stanley Smith Barney LLC with an address at 1 New York Plaza, 8th Floor, New York, NY 10004.

How many Copart shares are outstanding according to the filing?

The filing reports 966,936,214 shares outstanding.