Copart (NASDAQ: CPRT) director gets 24,341 options at $29.39
Rhea-AI Filing Summary
COPART INC director David Joel Berger reported an award of 24,341 stock options on August 13, 2026. The options have an exercise price of $29.39 per share and expire on August 13, 2033. They vest on a monthly basis over the 12 months following the grant date under the company’s 2007 Equity Incentive Plan, and Berger now holds 24,341 options directly from this grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Berger David Joel
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option F1, F2 | 24,341 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option — 24,341 shares (Direct)
Footnotes (2)
- F1. Options vest on a monthly basis over the 12 months succeeding the grant date.
- F2. 2007 Equity Incentive Plan.
Key Figures
Options granted: 24,341 options
Exercise price: $29.39 per share
Expiration date: 2033-08-13
+3 more
6 metrics
Options granted
24,341 options
Stock option award to David Joel Berger on 2026-08-13
Exercise price
$29.39 per share
Conversion or exercise price of granted stock options
Expiration date
2033-08-13
Expiration of the granted stock options
Underlying shares
24,341 shares
Common stock underlying the granted options
Post-transaction derivative holdings
24,341 options
Total shares following transaction for this derivative security
Vesting period
12 months
Options vest monthly over 12 months succeeding the grant date
Key Terms
Stock Option, 2007 Equity Incentive Plan, vest
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.
2007 Equity Incentive Plan financial
"Footnote states: "2007 Equity Incentive Plan.""
vest financial
"Options vest on a monthly basis over the 12 months succeeding"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What did COPART INC (CPRT) director David Joel Berger report in this Form 4?
David Joel Berger reported a grant of 24,341 stock options for COPART INC. These derivative securities give him the right to acquire common shares at a fixed exercise price, subject to vesting over time.
What is the exercise price and expiration date of the new CPRT stock options?
The granted options have an exercise price of $29.39 per share and an expiration date of August 13, 2033. They remain exercisable only while unexpired and subject to the plan’s and award’s terms.
How do the newly granted CPRT options to David Joel Berger vest?
The options vest monthly over 12 months following the August 13, 2026 grant date. Each month, a portion becomes exercisable, aligning the award with continued service during the one-year vesting period.
Under which plan were David Joel Berger’s CPRT stock options granted?
The options were granted under Copart’s 2007 Equity Incentive Plan. This plan governs equity-based compensation awards, including vesting schedules, exercise terms, and other conditions applicable to the reported option grant.
How many CPRT options does David Joel Berger hold after this reported transaction?
Following this transaction, Berger holds 24,341 stock options directly from this grant. The Form 4 shows these as the total derivative securities of this type following the award, all linked to Copart common stock.
Was this CPRT Form 4 filing reported under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmatively under a plan. It reports an option grant (code A), which is compensation-related rather than an open-market trade under a pre-arranged selling or buying program.
AI-generated analysis. How Rhea-AI works. Not financial advice.
