COPART INC — Director's Dealing 2022

Apr 5, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COPART INC (CPRT)
CIK: 0000900075
Period of Report: 2022-04-01

Reporting Person: Liaw Jeffrey (co-Chief Executive Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-04-01	Stock Option (right to buy)	$125.68	A	325000	Acquired	2032-04-01	Common Stock (325000.0)	Direct

Footnotes

F1: 2007 Equity Incentive Plan. Twenty percent (20%) of the options vest on the first anniversary of the date of grant and the balance vests on a monthly basis over the 48 months succeeding such first anniversary. Separate and apart from the time-based vesting schedule, the options are also subject to performance-based vesting, such that no options will be exercisable unless and until the stock price in trading of Copart, Inc. on the NASDAQ Global Select Market is greater than or equal to $157.10 per share (which is an amount equal to 125% of the exercise price of the option) both (1) at the time of any exercise, and (2) as of the closing price for each of the twenty consecutive days in trading preceding the date of any exercise.