=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-01-15
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: COPART INC (CPRT)
CIK: 0000900075
--- Reporting Owner ---
Name: Liaw Jeffrey
CIK: 0001429516
Role: Officer (Chief Executive Officer)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common Stock
Date: 2026-01-15 | Code: M (Exercise of derivative)
Shares: +4,523 | Price: $6.78
Total Value: $30,665.94
Shares Owned After: 35,855 | Ownership: D (Direct)
[Transaction #2]
Security: Common Stock
Date: 2026-01-15 | Code: M (Exercise of derivative)
Shares: +43,166 | Price: $8.70
Total Value: $375,544.20
Shares Owned After: 79,021 | Ownership: D (Direct)
[Transaction #3]
Security: Common Stock
Date: 2026-01-15 | Code: M (Exercise of derivative)
Shares: +809 | Price: $6.78
Total Value: $5,485.02
Shares Owned After: 79,830 | Ownership: D (Direct)
[Transaction #4]
Security: Common Stock
Date: 2026-01-15 | Code: M (Exercise of derivative)
Shares: +1,277 | Price: $8.70
Total Value: $11,109.90
Shares Owned After: 81,107 | Ownership: D (Direct)
[Transaction #5]
Security: Common Stock
Date: 2026-01-15 | Code: S (Open market sale)
Shares: -2,444 | Price: $40.17
Total Value: $98,175.48
Shares Owned After: 78,663 | Ownership: D (Direct)
Footnotes:
[F1] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.94 to $40.66, inclusive. The reporting person undertakes to provide to Copart, Inc., any security holder of Copart, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4.
[F2] The reported sale of 2,444 shares shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on April 15, 2025.
[Transaction #6]
Security: Common Stock
Date: 2026-01-15 | Code: S (Open market sale)
Shares: -22,693 | Price: $40.17
Total Value: $911,577.81
Shares Owned After: 55,970 | Ownership: D (Direct)
Footnotes:
[F3] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.91 to $40.47, inclusive. The reporting person undertakes to provide to Copart, Inc., any security holder of Copart, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4.
[F4] The reported sale of 22,693 shares occurred automatically pursuant to a 10b-1 plan adopted by the reporting person on April 15, 2025.
--- Derivative Transactions ---
[Transaction #1]
Security: Employee Stock Option (right to buy)
Date: 2026-01-15 | Code: M (Exercise of derivative)
Shares: -4,523 | Price: $0.00
Exercisable: N/A | Expires: 2026-10-10
Shares Owned After: 11,477 | Ownership: D (Direct)
Footnotes:
[F5] Twenty percent (20%) of the options vested on the first anniversary of the grant date (October 10, 2017) and the balance vested on a monthly basis over the the 48 months succeeding such first anniversary.
[Transaction #2]
Security: Employee Stock Option (right to buy)
Date: 2026-01-15 | Code: M (Exercise of derivative)
Shares: -43,166 | Price: $0.00
Exercisable: N/A | Expires: 2027-10-04
Shares Owned After: 267,948 | Ownership: D (Direct)
Footnotes:
[F6] Twenty percent (20%) of the options vested on the first anniversary of the grant date (October 4, 2018) and the balance vested on a monthly basis over the 48 months succeeding such first anniversary.
[Transaction #3]
Security: Employee Stock Option (right to buy)
Date: 2026-01-15 | Code: M (Exercise of derivative)
Shares: -809 | Price: $0.00
Exercisable: N/A | Expires: 2026-10-10
Shares Owned After: 10,668 | Ownership: D (Direct)
Footnotes:
[F5] Twenty percent (20%) of the options vested on the first anniversary of the grant date (October 10, 2017) and the balance vested on a monthly basis over the the 48 months succeeding such first anniversary.
[Transaction #4]
Security: Employee Stock Option (right to buy)
Date: 2026-01-15 | Code: M (Exercise of derivative)
Shares: -1,277 | Price: $0.00
Exercisable: N/A | Expires: 2027-10-04
Shares Owned After: 266,671 | Ownership: D (Direct)
Footnotes:
[F6] Twenty percent (20%) of the options vested on the first anniversary of the grant date (October 4, 2018) and the balance vested on a monthly basis over the 48 months succeeding such first anniversary.
--- Footnotes (Complete Index) ---
F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.94 to $40.66, inclusive. The reporting person undertakes to provide to Copart, Inc., any security holder of Copart, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4.
F2: The reported sale of 2,444 shares shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on April 15, 2025.
F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.91 to $40.47, inclusive. The reporting person undertakes to provide to Copart, Inc., any security holder of Copart, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4.
F4: The reported sale of 22,693 shares occurred automatically pursuant to a 10b-1 plan adopted by the reporting person on April 15, 2025.
F5: Twenty percent (20%) of the options vested on the first anniversary of the grant date (October 10, 2017) and the balance vested on a monthly basis over the the 48 months succeeding such first anniversary.
F6: Twenty percent (20%) of the options vested on the first anniversary of the grant date (October 4, 2018) and the balance vested on a monthly basis over the 48 months succeeding such first anniversary.
--- Signature ---
/s/ /s/ D. Joseph Meister, attorney-in-fact (2026-01-16)