Form 4: CarMax SVP Discloses Future Share Gift Under 10b5-1 Plan

CarMax Senior Vice President, General Counsel & Secretary John M. Stuckey III reported a planned future gift of 70 common shares effective July 8, 2025, under a Rule 10b5-1 trading plan.

Summary

• John M. Stuckey III, Senior Vice President, General Counsel & Secretary of CarMax Inc. (KMX), reported a disposition of 70 shares of common stock.
• The transaction is a gift (Transaction Code 'G') and occurred on July 8, 2025, with a price of $0 per share.
• This transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• Following this transaction, John M. Stuckey III directly beneficially owns 1,667 shares of CarMax common stock.
• The reported beneficial ownership of 1,667 shares reflects a fractional share of 0.6775 rounded to the next full share.

Sentiment

Score: 5

Explanation: Neutral, as this is a routine insider transaction (gift of shares) and does not reflect on company performance or outlook. The transaction is also part of a pre-arranged 10b5-1 plan.

Future Outlook

The document indicates a planned future transaction, specifically a gift of 70 common shares by a senior executive, scheduled for July 8, 2025, under a Rule 10b5-1 trading plan. This pre-arranged plan allows insiders to sell or gift shares at a predetermined time or price to avoid accusations of trading on material non-public information.

Related Party Transactions

• John M. Stuckey III, SVP, General Counsel & Secretary, disposed of 70 shares of CarMax common stock via a gift (transaction code 'G'). While the recipient is not specified, gifts are often made to family members or charitable organizations, which could be considered related parties.

Stakeholder Impact

• Shareholders: The disposition of 70 shares by a senior executive is a very small transaction relative to CarMax's total outstanding shares and is unlikely to have any material impact on the company's stock price or shareholder value.
• Employees, Customers, Suppliers, Creditors: No direct impact is indicated by this insider transaction report.

Key Dates

Keywords

CarMax, KMX, Form 4, Insider Transaction, Stock, Shares, Gift, Executive, John M Stuckey III, 10b5-1 Plan