Form 4: Copart Executive Chairman A. Jayson Adair Reports Significant Share Transfer

A. Jayson Adair, Executive Chairman of Copart Inc., reports a transfer of 5,000,000 shares of common stock to JTGJ Properties, LP.

Summary

• On October 7, 2024, A. Jayson Adair, the Executive Chairman of Copart Inc., filed a Form 4 with the SEC.
• The filing reports a transfer of 5,000,000 shares of Copart common stock from the A. Jayson Adair and Tammi L. Adair Revocable Trust to JTGJ Properties, LP for no consideration ($0).
• Following the transaction, Adair's indirectly held beneficial ownership includes 14,687,980 shares held by the A. Jayson Adair and Tammi L. Adair Revocable Trust, 1,839,312 shares held by JTGJ Investments, LP, 8,000,000 shares held by JTGJ Investments II, LP, 5,000,000 shares held by JTGJ Properties, LP, 296,800 shares held by the 2018 Willis and Reba Johnson Irrevocable Trust A, UAD 12/21/2018, 360,400 shares held by The 2018 Willis and Reba Johnson Irrevocable Trust B, UAD 12/21/2018 and 1,920,000 shares held by The Adair Foundation.
• Adair disclaims beneficial ownership of shares held by JTGJ Investments, LP, JTGJ Investments II, LP and JTGJ Properties, LP except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing regarding a share transfer, and does not inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common occurrence in publicly traded companies.

Key Dates