STOCK TITAN

[Form 4] COPART INC Insider Trading Activity

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(Low)
Filing Sentiment
(Neutral)
Form Type
4

Leah C. Stearns, Chief Financial Officer of Copart, Inc. (CPRT), was granted stock option awards on 09/16/2025 totaling 150,000 option shares with an exercise price of $46.57 per share. The awards consist of two option grants of 75,000 shares each, exercisable through 09/16/2035. Twenty percent of each option vests on the first anniversary of the grant and the remainder vests over the following 48 months, with monthly vesting described for one award.

One award includes a performance-based condition: shares may not be exercised unless Copart common stock trades at or above $58.21 (125% of the exercise price) at exercise and for the 20 consecutive trading days prior to exercise.

Leah C. Stearns, Direttore Finanziario di Copart, Inc. (CPRT), ha ricevuto premi in azioni-opzione in data 16/09/2025 per un totale di 150.000 azioni-opzione con un prezzo di esercizio di $46,57 per azione. I premi consistono in due assegnazioni di 75.000 azioni ciascuna, esercitabili fino al 16/09/2035. Il 20% di ciascuna opzione matura al primo anniversario della concessione e il resto matura nei successivi 48 mesi, con maturazione mensile descritta per un premio.

Una assegnazione include una condizione basata sulle prestazioni: le azioni non possono essere esercitate a meno che le azioni ordinarie Copart non vengano negoziate a un prezzo pari o superiore a $58,21 (125% del prezzo di esercizio) al momento dell’esercizio e nei 20 giorni consecutivi di negoziazione precedenti l’esercizio.

Leah C. Stearns, Directora Financiera de Copart, Inc. (CPRT), recibió premios de opciones sobre acciones el 16/09/2025 por un total de 150.000 acciones-opa con un precio de ejercicio de $46.57 por acción. Los premios consisten en dos otorgamientos de 75,000 acciones cada uno, ejercitables hasta el 16/09/2035. El 20% de cada opción se adquiere al primer aniversario de la concesión y el resto se adquiere durante los siguientes 48 meses, con adquisición mensual descrita para un premio.

Una de las adjudicaciones incluye una condición basada en desempeño: las acciones no pueden ejercerse a menos que las acciones comunes de Copart coticen a un precio igual o superior a $58.21 (125% del precio de ejercicio) en el ejercicio y durante los 20 días de negociación consecutivos previos al ejercicio.

Leah C. Stearns, Copart, Inc.의 최고재무책임자(CFO), 2025년 9월 16일에 총 150,000주 옵션 보유가주를 부여받았으며 행사가는 주당 $46.57이다.

보유는 두 개의 75,000주 옵션으로 구성되며 각 옵션은 2035년 9월 16일까지 행사 가능하다. 각 옵션의 20%는 부여일 1주년 시점에 vesting되고 나머지는 다음 48개월에 걸쳐 매월 vesting되며, 한 개의 보유에 대해 매월 vesting이 설명되어 있다.

한 개의 보유에는 성과 기반 조건이 포함되어 있다: 행사 시점과 행사 직전 20거래일 동안 Copart 보통주가 $58.21 이상에서 거래되어야만 행사할 수 있다(행사가격의 125%).

Leah C. Stearns, Directrice financière de Copart, Inc. (CPRT), a reçu des attributions d’options d’achat d’actions le 16/09/2025 pour un total de 150 000 options avec un prix d’exercice de $46,57 par action.

Les attributions se décomposent en deux grants de 75 000 actions chacun, cessibles jusqu’au 16/09/2035. Vissement de 20% de chaque option au premier anniversaire de la concession et le reste sur les 48 mois suivants, avec une vesting mensuelle décrite pour l’une des attributions.

Une attribution comprend une condition de performance : les actions ne peuvent être exercées que si l’action Copart cotée est égale ou supérieure à $58,21 (125% du prix d’exercice) lors de l’exercice et pour les 20 jours de négociation consécutifs précédant l’exercice.

Leah C. Stearns, Chief Financial Officer von Copart, Inc. (CPRT), erhielt am 16.09.2025 Aktienoptionszuteilungen in insgesamt 150.000 Optionsanteilen mit einem Ausübungspreis von $46,57 pro Aktie.

Die Zuteilungen bestehen aus zwei Optionenzahlungen von 75.000 Anteilen jeweils, die bis zum 16.09.2035 ausübbar sind. Fünfzehn Prozent? Nein, 20% jeder Option vesten beim ersten Jahrestag der Gewährung, der verbleibende Teil vestet über die folgenden 48 Monate, mit monatlicher Vestingbeschreibung für eine Zuteilung.

Eine Zuteilung enthält eine leistungsbasierte Bedingung: Die Aktien dürfen nur ausgeübt werden, wenn Copart Stammaktien zum Ausübungszeitpunkt und in den 20 aufeinander folgenden Handelstagen vor der Ausübung zu oder über $58,21 (125% des Ausübungspreises) handeln.

ليا ك. ستيرنز، الرئيسة التنفيذية للمالية في Copart, Inc. (CPRT)، مُنحت في 16/09/2025 جوائز خيارات أسهم بإجمالي 150,000 سهم خيار بسعر ممارسة قدره $46.57 للسهم الواحد.

تتكون الجوائز من منحتين خيار بقيمة 75,000 سهم لكل منهما، قابلة للممارسة حتى تاريخ 16/09/2035. نسبة 20% من كل خيار تُكتسب في الذكرى الأولى للمنحة، ويُكتسب الباقي على مدى الـ 48 شهراً التالية، مع وصف اكتساب شهري لإحدى المنحتين.

أحد المنحتين تتضمن شرطاً يعتمد على الأداء: لا يمكن ممارسة الأسهم إلا إذا تداولت أسهم Copart العادية عند أو فوق $58.21 (125% من سعر التمرين) عند ممارسة الخيار وخلال 20 يوماً تداولاً متتالياً قبل الممارسة.

Leah C. Stearns,Copart, Inc.(CPRT)的首席财务官,已于2025年9月16日获得总计150,000份股票期权,行权价为每股$46.57

本次授予包含两项各为75,000股的期权,均可在2035年9月16日前行使。每份期权的20%在授予的第一周年时归属,剩余部分在随后48个月内逐步归属,且其中一份的归属有月度描述。

其中一项授予附带一个业绩条件:只有在行权时及之前的连续20个交易日内,Copart普通股的交易价格达到或高于$58.21(行权价的125%)方可行使。

Positive
  • Significant retention alignment: 150,000 options with multi-year vesting supports executive retention
  • Pay-for-performance element: One award requires stock to reach $58.21 (125% of exercise price) before exercise
Negative
  • None.

Insights

TL;DR: Typical long-term incentive package tying significant option value to tenure and stock performance.

The grants total 150,000 options at an exercise price of $46.57, vesting 20% after one year and then over 48 months. One award includes a clear performance hurdle at $58.21, aligning potential payout with stock price appreciation. The ten-year term is standard for executive options and preserves upside while encouraging retention. For investors, this increases potential future share dilution if exercised but also signals management alignment with shareholder value creation.

TL;DR: Compensation structure follows common governance practices by combining time and performance vesting.

The combination of service-based vesting and a price performance condition indicates governance attention to pay-for-performance. The explicit 125% price hurdle ensures executives realize value only after meaningful stock appreciation. Documentation cites the company’s Amended and Restated 2007 Equity Incentive Plan as the award vehicle, which is consistent with established equity programs. The disclosure is routine and transparent about vesting and exercise terms.

Leah C. Stearns, Direttore Finanziario di Copart, Inc. (CPRT), ha ricevuto premi in azioni-opzione in data 16/09/2025 per un totale di 150.000 azioni-opzione con un prezzo di esercizio di $46,57 per azione. I premi consistono in due assegnazioni di 75.000 azioni ciascuna, esercitabili fino al 16/09/2035. Il 20% di ciascuna opzione matura al primo anniversario della concessione e il resto matura nei successivi 48 mesi, con maturazione mensile descritta per un premio.

Una assegnazione include una condizione basata sulle prestazioni: le azioni non possono essere esercitate a meno che le azioni ordinarie Copart non vengano negoziate a un prezzo pari o superiore a $58,21 (125% del prezzo di esercizio) al momento dell’esercizio e nei 20 giorni consecutivi di negoziazione precedenti l’esercizio.

Leah C. Stearns, Directora Financiera de Copart, Inc. (CPRT), recibió premios de opciones sobre acciones el 16/09/2025 por un total de 150.000 acciones-opa con un precio de ejercicio de $46.57 por acción. Los premios consisten en dos otorgamientos de 75,000 acciones cada uno, ejercitables hasta el 16/09/2035. El 20% de cada opción se adquiere al primer aniversario de la concesión y el resto se adquiere durante los siguientes 48 meses, con adquisición mensual descrita para un premio.

Una de las adjudicaciones incluye una condición basada en desempeño: las acciones no pueden ejercerse a menos que las acciones comunes de Copart coticen a un precio igual o superior a $58.21 (125% del precio de ejercicio) en el ejercicio y durante los 20 días de negociación consecutivos previos al ejercicio.

Leah C. Stearns, Copart, Inc.의 최고재무책임자(CFO), 2025년 9월 16일에 총 150,000주 옵션 보유가주를 부여받았으며 행사가는 주당 $46.57이다.

보유는 두 개의 75,000주 옵션으로 구성되며 각 옵션은 2035년 9월 16일까지 행사 가능하다. 각 옵션의 20%는 부여일 1주년 시점에 vesting되고 나머지는 다음 48개월에 걸쳐 매월 vesting되며, 한 개의 보유에 대해 매월 vesting이 설명되어 있다.

한 개의 보유에는 성과 기반 조건이 포함되어 있다: 행사 시점과 행사 직전 20거래일 동안 Copart 보통주가 $58.21 이상에서 거래되어야만 행사할 수 있다(행사가격의 125%).

Leah C. Stearns, Directrice financière de Copart, Inc. (CPRT), a reçu des attributions d’options d’achat d’actions le 16/09/2025 pour un total de 150 000 options avec un prix d’exercice de $46,57 par action.

Les attributions se décomposent en deux grants de 75 000 actions chacun, cessibles jusqu’au 16/09/2035. Vissement de 20% de chaque option au premier anniversaire de la concession et le reste sur les 48 mois suivants, avec une vesting mensuelle décrite pour l’une des attributions.

Une attribution comprend une condition de performance : les actions ne peuvent être exercées que si l’action Copart cotée est égale ou supérieure à $58,21 (125% du prix d’exercice) lors de l’exercice et pour les 20 jours de négociation consécutifs précédant l’exercice.

Leah C. Stearns, Chief Financial Officer von Copart, Inc. (CPRT), erhielt am 16.09.2025 Aktienoptionszuteilungen in insgesamt 150.000 Optionsanteilen mit einem Ausübungspreis von $46,57 pro Aktie.

Die Zuteilungen bestehen aus zwei Optionenzahlungen von 75.000 Anteilen jeweils, die bis zum 16.09.2035 ausübbar sind. Fünfzehn Prozent? Nein, 20% jeder Option vesten beim ersten Jahrestag der Gewährung, der verbleibende Teil vestet über die folgenden 48 Monate, mit monatlicher Vestingbeschreibung für eine Zuteilung.

Eine Zuteilung enthält eine leistungsbasierte Bedingung: Die Aktien dürfen nur ausgeübt werden, wenn Copart Stammaktien zum Ausübungszeitpunkt und in den 20 aufeinander folgenden Handelstagen vor der Ausübung zu oder über $58,21 (125% des Ausübungspreises) handeln.

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).
1. Name and Address of Reporting Person*
STEARNS LEAH C

(Last) (First) (Middle)
14185 DALLAS PARKWAY
SUITE 400

(Street)
DALLAS TX 75254

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
COPART INC [ CPRT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
09/16/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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
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 $46.57 09/16/2025 A 75,000 (1) 09/16/2035 Common Stock 75,000 $0 75,000 D
Stock Option (right to buy) $46.57 09/16/2025 A 75,000 (2) 09/16/2035 Common Stock 75,000 $0 150,000 D
Explanation of Responses:
1. 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.
2. 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.
Remarks:
/s/ Leah Stearns 09/18/2025
** 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.

FAQ

What options were granted to Leah C. Stearns at Copart (CPRT)?

Leah C. Stearns received two option grants of 75,000 shares each totaling 150,000 options with an exercise price of $46.57 per share.

When do the Copart (CPRT) options vest and expire?

Each grant vests 20% after one year with the balance vesting over the next 48 months; options are exercisable through 09/16/2035.

Is there a performance condition on the Copart (CPRT) options?

Yes. One award requires Copart common stock to trade at or above $58.21 (125% of the exercise price) at exercise and for the 20 consecutive trading days before any exercise.

What is the exercise price of the Copart (CPRT) option awards?

The exercise price for the awarded options is $46.57 per share.
Copart Inc

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