Copart (CPRT) CEO exercises 49,775 options, sells 26,213 shares under plan

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Copart Inc. Chief Executive Officer Jeffrey Liaw exercised stock options and sold shares of common stock. He exercised options covering 49,775 shares of Copart at strike prices of $6.78 and $8.70 per share, converting them into common stock.

On the same date, he sold a total of 26,213 shares of common stock in open-market transactions at weighted average prices of about $33.18 and $33.17 per share, across price ranges from $32.97 to $33.46. Both sales occurred automatically under a Rule 10b5-1 trading plan adopted on April 15, 2025, indicating they were pre-scheduled rather than discretionary trades.

Following these transactions, Liaw directly owned 79,532 shares of Copart common stock reported in this filing, reflecting that he retained a substantial equity position after exercising options and selling a portion of the resulting shares.

Insider Trade Summary

Net Seller: 26,213 shares ($869,724)

Net Sell 10 txns

Insider Liaw Jeffrey

Role Chief Executive Officer

Sold 26,213 shs ($870K)

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (right to buy)	4,523	$0.00	--
Exercise	Employee Stock Option (right to buy)	43,166	$0.00	--
Exercise	Employee Stock Option (right to buy)	809	$0.00	--
Exercise	Employee Stock Option (right to buy)	1,277	$0.00	--
Exercise	Common Stock	4,523	$6.78	$31K
Exercise	Common Stock	43,166	$8.70	$376K
Exercise	Common Stock	809	$6.78	$5K
Exercise	Common Stock	1,277	$8.70	$11K
Sale	Common Stock	23,870	$33.18	$792K
Sale	Common Stock	2,343	$33.17	$78K

Holdings After Transaction: Employee Stock Option (right to buy) — 6,145 shares (Direct); Common Stock — 60,493 shares (Direct)

Footnotes (1)

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.97 to $33.46, 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. The reported sale of 2,343 shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on April 15, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.99 to $33.45, 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. The reported sale of 23,870 shares of occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on April 15, 2025. Twenty percent (20%) of the options vested on the first anniversary of the grant date (October 10, 2017) and the balance vested on a monthly basis over the 48 months succeeding such first anniversary. Twenty percent (20% ) of the options vested on the first anniversary of the grant date (October 4, 2018) and the balance vested on a monthly basis over the 48 months succeeding such first anniversary.

Key Figures

Options exercised: 49,775 shares Strike prices: $6.78 and $8.70 per share Shares sold: 26,213 shares +4 more

7 metrics

Options exercised 49,775 shares Employee stock options converted to Copart common stock on April 15, 2026

Strike prices $6.78 and $8.70 per share Exercise prices on employee stock options exercised by CEO

Shares sold 26,213 shares Open-market sales of Copart common stock on April 15, 2026

Sale prices (weighted avg.) $33.18 and $33.17 per share Weighted average prices across multiple trades within stated ranges

Sale price ranges $32.97–$33.46 per share Price ranges for reported open-market sales per footnotes F1 and F3

Shares held after 79,532 shares Direct Copart common stock ownership by CEO after transactions

10b5-1 plan adoption date April 15, 2025 Date CEO adopted Rule 10b5-1 trading plan governing these sales

Key Terms

Rule 10b5-1 trading plan, weighted average price, Employee Stock Option (right to buy), open-market sale, +2 more

6 terms

Rule 10b5-1 trading plan regulatory

"reported sale of 2,343 shares occurred automatically pursuant to a Rule 10b5-1 trading plan"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Employee Stock Option (right to buy) financial

"security_title": "Employee Stock Option (right to buy)""

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

derivative exercise/conversion financial

"transaction_action": "derivative exercise/conversion""

vested on the first anniversary financial

"Twenty percent (20%) of the options vested on the first anniversary of the grant date"

Form 4 Insider Transactions: What Each Field Means →

04/17/2026 - 06:21 PM

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^*

Liaw Jeffrey

(Last)

(First)

(Middle)

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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026

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)
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	04/15/2026		M		4,523	A	$6.78	60,493	D
Common Stock	04/15/2026		M		43,166	A	$8.7	103,659	D
Common Stock	04/15/2026		M		809	A	$6.78	104,468	D
Common Stock	04/15/2026		M		1,277	A	$8.7	105,745	D
Common Stock	04/15/2026		S		23,870	D	$33.18⁽¹⁾	81,875	D⁽²⁾
Common Stock	04/15/2026		S		2,343	D	$33.17⁽³⁾	79,532	D⁽⁴⁾

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)
Employee Stock Option (right to buy)	$6.78	04/15/2026		M			4,523	⁽⁵⁾	10/10/2026	Common Stock	4,523	$0	6,145	D
Employee Stock Option (right to buy)	$8.7	04/15/2026		M			43,166	⁽⁶⁾	10/04/2027	Common Stock	43,166	$0	223,505	D
Employee Stock Option (right to buy)	$8.7	04/15/2026		M			809	⁽⁶⁾	10/04/2027	Common Stock	809	$0	222,696	D
Employee Stock Option (right to buy)	$6.78	04/15/2026		M			1,277	⁽⁵⁾	10/10/2026	Common Stock	1,277	$0	4,868	D

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.97 to $33.46, 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.

2. The reported sale of 2,343 shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on April 15, 2025.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.99 to $33.45, 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.

4. The reported sale of 23,870 shares of occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on April 15, 2025.

5. Twenty percent (20%) of the options vested on the first anniversary of the grant date (October 10, 2017) and the balance vested on a monthly basis over the 48 months succeeding such first anniversary.

6. Twenty percent (20% ) of the options vested on the first anniversary of the grant date (October 4, 2018) and the balance vested on a monthly basis over the 48 months succeeding such first anniversary.

Remarks:

	/s/ D. Joseph Meister, attorney-in-fact	04/17/2026
	** 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

FAQ

What insider transactions did Copart (CPRT) CEO Jeffrey Liaw report?

Jeffrey Liaw reported exercising stock options and selling Copart shares. He exercised options for 49,775 shares, then sold 26,213 shares in open-market trades, while continuing to hold 79,532 Copart common shares directly after the reported transactions.

How many Copart (CPRT) shares did the CEO sell and at what prices?

Jeffrey Liaw sold 26,213 Copart common shares in two transactions. The weighted average prices were about $33.18 and $33.17 per share, with individual trades executed within price ranges from $32.97 to $33.46, according to the weighted-average footnote disclosures.

Were Copart (CPRT) CEO Jeffrey Liaw’s stock sales pre-planned under Rule 10b5-1?

Yes. The filing states that both reported sales of 23,870 and 2,343 shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by Jeffrey Liaw on April 15, 2025, indicating they were pre-scheduled transactions rather than ad hoc market decisions.

What stock options did Copart (CPRT) CEO Jeffrey Liaw exercise in this Form 4?

Liaw exercised employee stock options for 49,775 underlying Copart shares. These options carried exercise prices of $6.78 and $8.70 per share and had original expiration dates in October 2026 and October 2027, reflecting long-term equity awards that had fully vested before exercise.

How many Copart (CPRT) shares does the CEO own after the reported transactions?

After exercising options and selling part of the resulting shares, Jeffrey Liaw directly owned 79,532 shares of Copart common stock as reported. This figure reflects his remaining direct holdings following the April 15, 2026 transactions disclosed in the Form 4 filing.

What is the overall pattern of Copart (CPRT) CEO Jeffrey Liaw’s Form 4 activity?

The activity shows an exercise-and-sell pattern. Liaw exercised 49,775 stock options at low strike prices, received common shares, then sold 26,213 shares under a pre-planned Rule 10b5-1 program, while retaining a significant remaining direct ownership stake in Copart.