Copart chairman transfers two 3.09M-share blocks

Two 3,090,000-share trust transfers and a separate foundation gift are reported across two dates.

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Form Type

Rhea-AI Filing Summary

Copart Inc. Chairman of the Board Willis J. Johnson reported two indirect transfers of 3,090,000 shares each on October 9, 2026. The Willis J. Johnson and Reba Johnson Revocable Trust transferred one block to a separate trust for which his wife serves as trustee and another to the 2026 Willis Johnson Qualified Annuity Trust, which received 3,090,000 shares. The revocable trust reported 44,502,321 shares after the latter transfer. Willis and Reba's Foundation also made a 129,200-share gift on December 10, 2025, with 1,130,349 shares held afterward.

Insider Trade Summary

129,200 shares gifted

Gift 5 txns

Insider JOHNSON WILLIS J

Role Chairman of the Board

Type	Security	Shares	Price	Value
Other	Common Stock ^F1	3,090,000	$0.00	$0.00
Other	Common Stock ^F2	3,090,000	$0.00	$0.00
Other	Common Stock ^F2	3,090,000	$0.00	$0.00
Gift	Common Stock	129,200	$0.00	$0.00
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 1,130,349 shares (Indirect, Willis and Reba's Foundation); Common Stock — 47,592,321 shares (Indirect, Willis J. Johnson and Reba Johnson Revocable Trust ReER); Common Stock — 44,502,321 shares (Indirect, Willis J. Johnson and Reba Johnson Revocable Trust); Common Stock — 3,090,000 shares (Indirect, The 2026 Willis J. Johnson Qualified Annuity Trust); Common Stock — 3,547,664 shares (Direct)

Footnotes (2)

F1. The shares were transferred by the Willis J. Johnson and Reba Johnson Revocable Trust to a separate trust for which the reporting person's wife serves as trustee.
F2. The shares were transferred from the Willis J. Johnson and Reba Johnson Revocable Trust to the 2026 Willis Johnson Qualified Annuity Trust, for which the reporting person serves as trustee.

Key Figures

Transfer to separate trust: 3,090,000 shares Transfer to annuity trust: 3,090,000 shares Revocable trust shares following transfer: 44,502,321 shares +4 more

7 metrics

Transfer to separate trust 3,090,000 shares October 9, 2026; transferred from the Willis J. Johnson and Reba Johnson Revocable Trust

Transfer to annuity trust 3,090,000 shares October 9, 2026; transferred from the Willis J. Johnson and Reba Johnson Revocable Trust

Revocable trust shares following transfer 44,502,321 shares Following the October 9, 2026 transfer to the annuity trust

Annuity trust shares received 3,090,000 shares October 9, 2026

Foundation gift 129,200 shares December 10, 2025

Foundation shares following gift 1,130,349 shares Following the December 10, 2025 gift

Direct common stock holding 3,547,664 shares December 10, 2025

Key Terms

Bona fide gift, Revocable Trust, Qualified Annuity Trust

3 terms

Bona fide gift regulatory

"Bona fide gift"

A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.

Revocable Trust financial

"Willis J. Johnson and Reba Johnson Revocable Trust"

A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.

Qualified Annuity Trust financial

"2026 Willis Johnson Qualified Annuity Trust"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What trust transfers of CPRT shares did Willis J. Johnson report?

On October 9, 2026, the Willis J. Johnson and Reba Johnson Revocable Trust transferred 3,090,000 shares to a separate trust for which his wife serves as trustee and 3,090,000 shares to the 2026 Willis Johnson Qualified Annuity Trust. The annuity trust reported receiving 3,090,000 shares.

How many CPRT shares did Willis and Reba's Foundation give?

Willis and Reba's Foundation made a gift of 129,200 shares on December 10, 2025 and reported holdings of 1,130,349 shares afterward.

How many CPRT shares did Willis J. Johnson hold directly?

Willis J. Johnson's direct Copart common stock holding was listed as 3,547,664 shares on December 10, 2025.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/21/2026 - 05:53 PM EDT Accepted by SEC EDGAR 10/21/2026 - 05:52 PM EDT

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^*

JOHNSON WILLIS J

(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
X	Officer (give title below)	Other (specify below)
	Chairman of the Board

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
12/10/2025

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	12/10/2025		G		129,200	D	$0	1,130,349	I	Willis and Reba's Foundation
Common Stock	10/09/2026		J		3,090,000⁽¹⁾	D	$0	47,592,321	I	Willis J. Johnson and Reba Johnson Revocable Trust ReER
Common Stock	10/09/2026		J		3,090,000⁽²⁾	D	$0	44,502,321	I	Willis J. Johnson and Reba Johnson Revocable Trust
Common Stock	10/09/2026		J		3,090,000⁽²⁾	A	$0	3,090,000	I	The 2026 Willis J. Johnson Qualified Annuity Trust
Common Stock								3,547,664	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The shares were transferred by the Willis J. Johnson and Reba Johnson Revocable Trust to a separate trust for which the reporting person's wife serves as trustee.

2. The shares were transferred from the Willis J. Johnson and Reba Johnson Revocable Trust to the 2026 Willis Johnson Qualified Annuity Trust, for which the reporting person serves as trustee.

	/s/ D. Joseph Meister, attorney-in-fact	10/21/2026
	** 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)

Source: View Original Filing on SEC EDGAR