Copart grants president 500K options, 25K RSUs

COPART INC (CPRT) reported that President Jane Pocock received equity awards on August 16, 2026.

Rhea-AI Filing Summary

COPART INC (CPRT) reported that President Jane Pocock received equity awards on August 16, 2026. She was granted 25,308 Restricted Stock Units, each representing one share of common stock, and 500,000 stock options with an exercise price of $31.61 per share. RSUs vest 20% on August 16, 2027, with the remainder vesting quarterly so that all vest by the fifth anniversary. The options vest over five years with time-based vesting and expire in 2036, and 279,000 options also require the stock price to reach at least $39.51 for twenty consecutive trading days before they become exercisable.

Insider Trade Summary

Grant/Award: 525,308 shares

Grant/Award 2 txns

Insider Pocock Jane

Role President

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units F1, F2	25,308	$0.00	$0.00
Grant/Award	Stock Options F3	500,000	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 25,308 contracts (Direct); Stock Options — 500,000 contracts (Direct)

Footnotes (3)

1. F1. Each restricted stock unit represents a contingent right to receive one share of Copart, Inc. common stock.
2. F2. Twenty percent of the Restricted Stock Units (RSUs) vest on the first anniversary of the grant date (August 16, 2027), and the balance vests cumulatively at a rate of 1/20 each three month quarter thereafter, such that 100% of the RSUs will vest on the fifth anniversary of the grant date.
3. F3. 100% of the stock options are subject to time -based vesting, with 20% of the stock options vesting on the first anniversary of the grant date, and the balance vesting at a rate of 1/60 per month thereafter, such that 100% of the stock options will vest and become exerciseable on the fifth anniversary of the grant date. In addition to the time-based vesting, 279,000 of the stock options are subject to an additional performance-based vesting condition and will not be exerciseable unless and until the trading price of the Copart, Inc. Common Stock in trading on the Nasdaq Global Select Market is an amount greater than or equal to $39.51 (125% of the per share exercise price) both (1) at the moment of any exercise, and (2) at the closing price for each of the twenty consecutive trading days preceding the date of any exercise.

Key Figures

RSUs Granted: 25,308 shares Options Granted: 500,000 shares Option Exercise Price: $31.61 per share +5 more

8 metrics

RSUs Granted 25,308 shares Restricted Stock Units granted to President Jane Pocock on August 16, 2026

Options Granted 500,000 shares Stock options on Copart common stock granted on August 16, 2026

Option Exercise Price $31.61 per share Exercise price for 500,000 stock options

RSU Initial Vesting 20% RSUs vest 20% on August 16, 2027

RSU Full Vesting 5 years All RSUs vest by the fifth anniversary of August 16, 2026

Options Performance Tranche 279,000 options Portion of options subject to additional performance-based vesting

Performance Price Hurdle $39.51 per share Required trading price (125% of exercise price) for performance-based options

Option Expiration 2036-08-13 Expiration date of the 500,000 stock options

Key Terms

Restricted Stock Units, time -based vesting, performance-based vesting condition, exerciseable

4 terms

Restricted Stock Units financial

"Each restricted stock unit represents a contingent right to receive one share"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

time -based vesting financial

"100% of the stock options are subject to time -based vesting, with 20%"

performance-based vesting condition financial

"In addition to the time-based vesting, 279,000 of the stock options are subject to an additional performance-based vesting condition"

exerciseable financial

"such that 100% of the stock options will vest and become exerciseable on the fifth anniversary"

FAQ

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

What equity awards did COPART INC (CPRT) grant to President Jane Pocock?

COPART granted Jane Pocock 25,308 RSUs and 500,000 stock options on August 16, 2026. Both awards are tied to Copart common stock and vest over five years under specified time-based and, for part of the options, performance-based conditions.

What is the vesting schedule for Jane Pocock’s 25,308 COPRT Restricted Stock Units?

The 25,308 RSUs vest 20% on the first anniversary, August 16, 2027. The remaining 80% vest cumulatively at 1/20 each quarter, so all RSUs will be fully vested on the fifth anniversary of the grant date.

What are the key terms of the 500,000 COPRT stock options granted to Jane Pocock?

Jane Pocock received 500,000 stock options with an exercise price of $31.61 per share, expiring in 2036. They are subject to time-based vesting over five years, with 20% vesting after one year and the rest vesting monthly thereafter.

How many of Jane Pocock’s COPRT options are subject to performance conditions and what are they?

279,000 of the 500,000 options have a performance-based vesting condition. Copart’s stock must trade at or above $39.51 both at exercise and as the closing price for twenty consecutive trading days before those options are exercisable.

When will Jane Pocock’s COPRT equity awards be fully vested if conditions are met?

Both the RSUs and the time-based portion of the stock options are structured to be fully vested and exercisable on the fifth anniversary of the August 16, 2026 grant date, assuming all time and performance conditions are satisfied.

Does COPART receive any cash from Jane Pocock’s RSU and option grants?

The RSUs involve no exercise price, so no cash is paid on grant or vesting. The stock options have an exercise price of $31.61, so Copart would receive cash only if and when options are exercised in the future.

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

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Accepted by SEC EDGAR 08/18/2026 - 05:14 PM EDT Learn about SEC filing dates

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^*

Pocock Jane

(Last) (First) (Middle)

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)
	President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/16/2026

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

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
Restricted Stock Units	(1)	08/16/2026		A		25,308		(2)	(2)	Common Stock	25,308	$0	25,308	D
Stock Options	$31.61	08/16/2026		A		500,000		(3)	08/13/2036	Common Stock	500,000	$0	500,000	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of Copart, Inc. common stock.

2. Twenty percent of the Restricted Stock Units (RSUs) vest on the first anniversary of the grant date (August 16, 2027), and the balance vests cumulatively at a rate of 1/20 each three month quarter thereafter, such that 100% of the RSUs will vest on the fifth anniversary of the grant date.

3. 100% of the stock options are subject to time -based vesting, with 20% of the stock options vesting on the first anniversary of the grant date, and the balance vesting at a rate of 1/60 per month thereafter, such that 100% of the stock options will vest and become exerciseable on the fifth anniversary of the grant date. In addition to the time-based vesting, 279,000 of the stock options are subject to an additional performance-based vesting condition and will not be exerciseable unless and until the trading price of the Copart, Inc. Common Stock in trading on the Nasdaq Global Select Market is an amount greater than or equal to $39.51 (125% of the per share exercise price) both (1) at the moment of any exercise, and (2) at the closing price for each of the twenty consecutive trading days preceding the date of any exercise.

	/s/ D. Joseph Meister, attorney-in-fact	08/18/2026
	** 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)