Copart CEO exercises options for 2,089 shares
COPART INC Chief Executive Officer Jeffrey Liaw exercised stock options to acquire 2,089 shares of common stock on 2026-07-15 at exercise prices of $6.7800 and $8.7000 per share.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
COPART INC Chief Executive Officer Jeffrey Liaw exercised stock options to acquire 2,089 shares of common stock on 2026-07-15 at exercise prices of $6.7800 and $8.7000 per share. These option exercises, executed under a Rule 10b5-1 trading plan, increased his direct common holdings to 80,809 shares and left stock options outstanding for 221,884 and 182,718 underlying shares from earlier grants.
Insider Trade Summary 10b5-1
2,089 shares exercised/converted
Exercise
4 txns
Insider
Liaw Jeffrey
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option F1 | 1,277 | $0.00 | $0.00 |
| Exercise | Stock Option F2 | 812 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,277 | $6.78 | $9K |
| Exercise | Common Stock | 812 | $8.70 | $7K |
Holdings After Transaction:
Stock Option — 404,602 contracts (Direct);
Common Stock — 81,621 shares (Direct)
Holdings Before and After:
Stock Option, 406,691 to 404,602 contracts (Direct);
Common Stock, 79,532 to 81,621 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. 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
Common shares acquired: 2,089 shares
Exercise price 1: 6.7800 per share
Exercise price 2: 8.7000 per share
+3 more
6 metrics
Common shares acquired
2,089 shares
Total common shares received from option exercises on 2026-07-15
Exercise price 1
6.7800 per share
Exercise price for 1,277 underlying common shares in one option grant
Exercise price 2
8.7000 per share
Exercise price for 812 underlying common shares in another option grant
Direct common holdings after transactions
80,809 shares
Directly owned Copart common stock following the latest non-derivative transaction
Remaining option grant 1
221,884 shares
Stock options outstanding after exercise, expiring 2026-10-10
Remaining option grant 2
182,718 shares
Stock options outstanding after exercise, expiring 2026-10-04
Key Terms
Rule 10b5-1 trading plan, derivative security, conversion or exercise price, expiration date, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"aff_10b5_one indicates trades under 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.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
conversion or exercise price financial
"conversion_or_exercise_price of 6.7800 per share for the option grant"
expiration date financial
"Stock option expiration_date reported as 2026-10-10 and 2026-10-04"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
stock option financial
"security_title listed as Stock Option for derivative transactions"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Copart (CPRT) CEO Jeffrey Liaw report on this Form 4?
Jeffrey Liaw reported exercising stock options to acquire 2,089 shares of Copart common stock on 2026-07-15. The exercises occurred at strike prices of $6.7800 and $8.7000 per share, increasing his direct common share ownership.
At what prices did Copart (CPRT) CEO Jeffrey Liaw exercise his stock options?
Liaw exercised stock options at $6.7800 and $8.7000 per share. These prices reflect the fixed exercise prices of two option grants, which were converted into a total of 2,089 Copart common shares during the reported transactions.
What happens to Jeffrey Liaw’s Copart (CPRT) stock options after these exercises?
After exercising part of two grants, Liaw still holds stock options for 221,884 and 182,718 underlying Copart shares. These remaining options are tied to earlier grants with stated expiration dates in October 2026, indicating significant unexercised awards.
Were Jeffrey Liaw’s Copart (CPRT) option exercises made under a Rule 10b5-1 trading plan?
Yes. The filing indicates the transactions were executed under a Rule 10b5-1 trading plan. Such plans prearrange trading activity, so these option exercises follow a preset schedule rather than discretionary timing by the executive.
What types of securities are involved in Jeffrey Liaw’s Copart (CPRT) Form 4 filing?
The filing covers Common Stock and related Stock Options. Options were exercised (code M) to deliver 2,089 common shares, reducing the option balances while increasing Liaw’s directly held Copart common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
