Form 4: CarMax EVP and CITO Mohammad Shamim Executes Stock Options and Sells Shares
SEC Form 4 Filing
Mohammad Shamim, EVP and CITO of CarMax, exercised stock options and sold 25,000 shares of common stock on July 26, 2024.
Summary
- On July 26, 2024, Mohammad Shamim, the EVP and CITO of CarMax, exercised stock options to acquire 25,000 shares of CarMax common stock at a price of $63.04 per share.
- Simultaneously, Shamim sold 25,000 shares of CarMax common stock at an average price of $82.26, with prices ranging from $82.25 to $82.37.
- Following these transactions, Shamim directly owns 11,738 shares of CarMax common stock and 22,845 stock options.
- The stock options were granted previously and became fully exercisable on May 1, 2022.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive, indicating a neutral sentiment.
Industry Context
This filing reflects routine transactions by a company executive, which are common in publicly traded companies. These transactions are subject to regulatory scrutiny to prevent insider trading.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 05/01/2019 | Stock options became exercisable with respect to one-fourth of the underlying shares. |
| 05/01/2020 | Stock options became exercisable with respect to one-fourth of the underlying shares. |
| 05/01/2021 | Stock options became exercisable with respect to one-fourth of the underlying shares. |
| 05/01/2022 | Stock options became fully exercisable. |
| 07/26/2024 | Date of stock option exercise and stock sale. |
| 05/01/2025 | Expiration date of the stock options. |
| 07/29/2024 | Date of signature on the SEC Form 4 filing. |
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