0001628280-23-040147.txt : 20231128 0001628280-23-040147.hdr.sgml : 20231128 20231128172627 ACCESSION NUMBER: 0001628280-23-040147 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20231124 FILED AS OF DATE: 20231128 DATE AS OF CHANGE: 20231128 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: STEARNS LEAH C CENTRAL INDEX KEY: 0001776291 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-23255 FILM NUMBER: 231447657 MAIL ADDRESS: STREET 1: COPART, INC. STREET 2: 14185 DALLAS PARKWAY CITY: DALLAS STATE: TX ZIP: 75254 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: COPART INC CENTRAL INDEX KEY: 0000900075 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500] IRS NUMBER: 942867490 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 BUSINESS ADDRESS: STREET 1: 14185 DALLAS PARKWAY STREET 2: SUITE 300 CITY: DALLAS STATE: TX ZIP: 75254 BUSINESS PHONE: 972-391-5000 MAIL ADDRESS: STREET 1: 14185 DALLAS PARKWAY STREET 2: SUITE 300 CITY: DALLAS STATE: TX ZIP: 75254 4 1 wk-form4_1701210377.xml FORM 4 X0508 4 2023-11-24 0 0000900075 COPART INC CPRT 0001776291 STEARNS LEAH C 14185 DALLAS PARKWAY SUITE 400 DALLAS TX 75254 0 1 0 0 Chief Financial Officer 0 Stock Option 50.81 2023-11-24 4 A 0 75000 0 A Common Stock 75000 75000 D Stock Option (right to buy) 50.81 2023-11-24 4 A 0 75000 0 A Common Stock 75000 150000 D Amended and Restated 2007 Equity Incentive Plan. Twenty percent (20%) of the options vest on the first anniversary of the grant date and the balance vests on a monthly basis over the 48 months succeeding such first anniversary. The stock options have a ten-year term, and expire on November 24, 2033. Amended and Restated 2007 Equity Incentive Plan. Twenty percent (20%) of the options vest on the first anniversary of the grant date and the balance vests on a monthly basis over the 48 months succeeding such first anniversary. In addition to service-based vesting, the award is also subject to a performance-based vesting condition, such that no portion of the award may be exercised unless the Copart, Inc. common stock price in trading on the Nasdaq Global Select Market is equal to or greater than $63.51 (an amount equal to 125% of the exercise price), both (i) at the time of any exercise, and (ii) at the closing price of the Copart, Inc. common stock in trading on the Nasdaq Global Select Market for each of the twenty consecutive days preceding the date of any exercise. /s/ Paul K. Kirkpatrick, attorney-in-fact 2023-11-28