Diane L. Cafritz - Jul 6, 2021 Form 4 Insider Report for CARMAX INC (KMX)

Role: SVP, General Counsel & CHRO
Signature: Will Hulcher, attorney-in-fact
Stock symbol: KMX
Transactions as of: Jul 6, 2021
Transactions value $: -$1,663,930
Form type: 4
Date filed: 7/7/2021, 05:41 PM
Next filing: Apr 28, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KMX	Common Stock	Options Exercise	$934K	+16K	+172.3%	$58.38	25.3K	Jul 6, 2021	Direct
transaction	KMX	Common Stock	Sale	-$2.12M	-16K	-63.28%	$132.59	9.29K	Jul 6, 2021	Direct	F1
transaction	KMX	Common Stock	Sale	-$477K	-3.58K	-38.55%	$133.12	5.71K	Jul 6, 2021	Direct

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	KMX	Stock Options (Right to Buy)	Options Exercise	$0	-16K	-34.37%	$0.00	30.6K	Jul 6, 2021	Common Stock	16K	$58.38	Direct	F2

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

Explanation of Responses:

Id	Content
F1	The shares with respect to this transaction were sold at prices ranging from $132.50 to $132.89. Upon request, the Reporting Person will provide the Securities and Exchange Commission staff, the Issuer, or any security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F2	The stock options became exercisable with respect to one-fourth of the underlying shares of Common Stock on each of May 1, 2018, May 1, 2019, May 1, 2020 and May 1, 2021 and are now fully exercisable.