Jeffrey Liaw - Apr 1, 2022 Form 4 Insider Report for COPART INC (CPRT)

Role: co-Chief Executive Officer
Signature: /s/ John North, as attorney-in-fact
Stock symbol: CPRT
Transactions as of: Apr 1, 2022
Transactions value $: $0
Form type: 4
Date filed: 4/5/2022, 02:24 PM
Previous filing: Jul 8, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CPRT	Restricted Stock Units	Award	$0	+50K		$0.00	50K	Apr 1, 2022	Common Stock	50K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents the contingent right to receive one share of Copart, Inc. common stock upon vesting of the unit.
F2	2007 Equity Incentive Plan. Twenty percent (20%) of the restricted stock units vest on the first anniversary of the April 1, 2022 grant date, and the balance vests monthly over the 48 months succeeding such first anniversary. Separate and apart from the time-based vesting condition, no portion of the net shares of common stock that Mr. Liaw receives as a result of the vesting of the restricted stock units may be sold, assigned, or transferred by Mr. Liaw for any reason until April 1, 2032, which is a period of ten (10) years from the original grant date.

Content

Each restricted stock unit represents the contingent right to receive one share of Copart, Inc. common stock upon vesting of the unit.

2007 Equity Incentive Plan. Twenty percent (20%) of the restricted stock units vest on the first anniversary of the April 1, 2022 grant date, and the balance vests monthly over the 48 months succeeding such first anniversary. Separate and apart from the time-based vesting condition, no portion of the net shares of common stock that Mr. Liaw receives as a result of the vesting of the restricted stock units may be sold, assigned, or transferred by Mr. Liaw for any reason until April 1, 2032, which is a period of ten (10) years from the original grant date.