Copart (CPRT) director Diane Morefield exercises 50,000 stock options before 2026 expiry

Rhea-AI Filing Summary

COPART INC director Diane M. Morefield exercised stock options to acquire 50,000 shares of Common Stock. The options related to the company’s 2007 Equity Incentive Plan and had an exercise price of $19.3775 per share. Following the transactions, she holds 50,000 Common Stock shares directly.

Insights

Equity compensation analyst

Director exercised 50,000 options, retaining the resulting shares.

Director Diane M. Morefield exercised stock options covering 50,000 shares of COPART INC Common Stock on July 8, 2026. The options, granted under the 2007 Equity Incentive Plan, had an exercise price of $19.3775 per share and were tied to Stock Option awards that vested monthly over 12 months after grant.

The exercise converted the derivative position into Common Stock, with 50,000 shares shown as directly owned afterward and the related option position reduced to zero in this filing. No open-market sale or tax-withholding disposition is reported here, so this appears as an exercise-and-hold pattern based on the disclosed data.

Insider Trade Summary

50,000 shares exercised/converted

Mixed 2 txns

Insider Morefield Diane M

Role Director

Type	Security	Shares	Price	Value
Exercise	Stock Option	50,000	$0.00	--
Exercise	Common Stock	50,000	$19.775	$989K

Holdings After Transaction: Stock Option — 0 shares (Direct); Common Stock — 50,000 shares (Direct)

Footnotes (1)

1. 2007 Equity Incentive Plan Options vested on a monthly basis over the 12 months succeeding the grant date.

Key Figures

Options Exercised: 50,000 shares Exercise Price: $19.3775 per share Shares Owned After: 50,000 shares +2 more

5 metrics

Options Exercised 50,000 shares Stock options exercised into Common Stock on July 8, 2026

Exercise Price $19.3775 per share Exercise price of Stock Options granted under 2007 Equity Incentive Plan

Shares Owned After 50,000 shares Total Common Stock directly held by Diane M. Morefield following the transactions

Option Expiration Date July 20, 2026 Expiration date of the Stock Options that were exercised

Exercise Transactions 1 exercise, 50,000 shares transactionSummary shows one derivative exercise covering 50,000 shares

Key Terms

Stock Option, Exercise or conversion of derivative security, 2007 Equity Incentive Plan

3 terms

Stock Option financial

"security_title: "Stock Option""

A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.

Exercise or conversion of derivative security financial

"transaction_code_description: "Exercise or conversion of derivative security""

2007 Equity Incentive Plan financial

"footnote: "2007 Equity Incentive Plan""

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/10/2026 - 01:38 PM Accepted by SEC EDGAR 07/10/2026 - 01:37 PM Learn about SEC filing dates

FAQ

What insider transaction did COPART INC (CPRT) report for Diane M. Morefield?

COPART INC reported that director Diane M. Morefield exercised stock options to acquire 50,000 shares of Common Stock. The transaction converted derivative awards into directly held shares with no sale reported.

How many Copart (CPRT) shares did Diane M. Morefield hold after the reported Form 4?

After the reported transactions, Diane M. Morefield directly held 50,000 shares of COPART INC Common Stock. This reflects the shares received from exercising stock options in the filing.

What was the exercise price of the Copart (CPRT) stock options used by Diane M. Morefield?

The stock options exercised by Diane M. Morefield had an exercise price of $19.3775 per share. These options were granted under the company’s 2007 Equity Incentive Plan and converted into 50,000 Common Stock shares.

When do the exercised Copart (CPRT) stock options reported by Diane M. Morefield expire?

The stock options exercised by Diane M. Morefield carried an expiration date of July 20, 2026. They were exercised earlier, on July 8, 2026, converting into 50,000 shares of Common Stock.

Were Diane M. Morefield’s Copart (CPRT) option exercises part of an equity incentive plan?

Yes. The filing notes the options were granted under Copart’s 2007 Equity Incentive Plan. Footnotes explain the options vested on a monthly basis over 12 months following the original grant date.

Did the Copart (CPRT) Form 4 for Diane M. Morefield include any stock sales?

The Form 4 shows no reported open-market sales. It discloses an exercise of 50,000 stock options into Common Stock, with the resulting 50,000 shares listed as directly owned after the transactions.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Morefield Diane M

(Last) (First) (Middle)

C/O COPART, INC.

14185 DALLAS PARKWAY, SUITE 300

(Street)

DALLAS TEXAS 75254

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
COPART INC [ CPRT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/08/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/08/2026		M		50,000	A	$19.775	50,000	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option(1)	$19.3775	07/08/2026		M			50,000	(2)	07/20/2026	Common Stock	50,000	$0	0	D

Explanation of Responses:

1. 2007 Equity Incentive Plan

2. Options vested on a monthly basis over the 12 months succeeding the grant date.

	/s/ D. Joseph Meister, attorney-in-fact	07/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)