Form 4: Copart Director James E. Meeks Executes Stock Option and Sells Shares

Director James E. Meeks exercised stock options and sold 100,000 shares of Copart Inc. common stock on March 19, 2025.

Summary

• On March 19, 2025, James E. Meeks, a director of Copart Inc., executed a stock option for 100,000 shares.
• Simultaneously, Meeks sold 100,000 shares of Copart common stock at a weighted average price of $54, with individual sales ranging from $54.00 to $54.02.
• Following these transactions, Meeks no longer directly owns any Copart shares.
• The stock option had an exercise price of $11.7975 and was granted under the 2007 Equity Incentive Plan.
• The option vested monthly over 12 months following the grant date and was adjusted to reflect two 2-for-1 stock splits.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions. It provides transparency into the trading activities of company directors, which is important for investors to assess management's confidence in the company's prospects.

Stakeholder Impact

• Shareholders may be interested in the director's decision to sell shares, although this single transaction is unlikely to have a significant impact.

Key Dates

Keywords

Copart, Director, Stock Option, Share Sale, Form 4, CPRT, James E. Meeks, Equity Incentive Plan