Director James Kessler granted 3,696 CarMax (KMX) shares as stock award

Rhea-AI Filing Summary

KESSLER JAMES FRANCIS reported acquisition or exercise transactions in this Form 4 filing.

CarMax Inc director James Francis Kessler received a grant of 3,696 shares of CarMax common stock. The award was recorded at a price of $0.00 per share, indicating it was compensation rather than an open-market purchase. Following this grant, he directly holds 3,696 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider KESSLER JAMES FRANCIS

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,696	$0.00	--

Holdings After Transaction: Common Stock — 3,696 shares (Direct, null)

Footnotes (1)

Key Figures

Shares granted: 3,696 shares Price per share: $0.00 per share Shares held after grant: 3,696 shares +1 more

4 metrics

Shares granted 3,696 shares Common Stock grant to director on 2026-06-26

Price per share $0.00 per share Reported value for stock award

Shares held after grant 3,696 shares Total direct holdings following transaction

Transaction code A Grant, award, or other acquisition

Key Terms

Form 4, Common Stock, Grant, award, or other acquisition, direct ownership

4 terms

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Common Stock financial

""security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Grant, award, or other acquisition financial

""transaction_code_description": "Grant, award, or other acquisition""

direct ownership financial

""ownership_type": "direct""

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/29/2026 - 05:09 PM Accepted by SEC EDGAR 06/29/2026 - 05:08 PM 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^*

KESSLER JAMES FRANCIS

(Last) (First) (Middle)

12800 TUCKAHOE CREEK PARKWAY

(Street)

RICHMOND VIRGINIA 23238

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CARMAX INC [ KMX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/26/2026

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
Common Stock	06/26/2026		A		3,696	A	$0	3,696	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	Christine Carter, attorney-in-fact	06/29/2026
	** 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)

FAQ

What insider transaction did CarMax (KMX) director James Kessler report?

James Francis Kessler reported receiving a grant of 3,696 CarMax common shares. The transaction was coded as a grant or award, meaning the shares were issued as compensation rather than bought in the market.

How many CarMax (KMX) shares does James Kessler hold after this Form 4?

After the reported transaction, James Francis Kessler directly holds 3,696 shares of CarMax common stock. This total matches the size of the new grant, indicating all currently reported holdings come from this single award.

Was the CarMax (KMX) insider transaction an open-market buy or sell?

The transaction was not an open-market buy or sell. It is classified as a grant or award acquisition with a reported price of $0.00 per share, reflecting stock-based compensation rather than a discretionary market trade.

What does transaction code "A" mean in the CarMax (KMX) Form 4?

Transaction code "A" on this CarMax Form 4 stands for a grant, award, or other acquisition. In this case, it represents 3,696 common shares given to director James Francis Kessler as compensation instead of a purchase on the open market.

Is the CarMax (KMX) insider grant to James Kessler a direct holding?

Yes. The Form 4 classifies James Francis Kessler’s ownership as direct, labeled with ownership code "D". All 3,696 CarMax common shares from this grant are reported as directly owned rather than through a trust or other entity.