Copart Inc: chairman Willis J. Johnson sold 3,090,000 shares

What happened

• Willis J. Johnson, chairman of the board and director, reported multiple transactions. The filing shows a gift (code G) of 129,200 shares on Dec 10, 2025 (disposed, $0.00, total $0.00) and three transactions on Oct 9, 2026 with code J (other acquisition or disposition): two entries disposing of 3,090,000 shares each (disposed, $0.00, total $0.00) and one entry acquiring 3,090,000 shares (acquired, $0.00, total $0.00). Footnotes in the filing explain transfers between trusts.

Key details

• Transaction dates and prices:
  • Dec 10, 2025 — gift (G): 129,200 shares disposed at $0.00 per share (total $0.00).
  • Oct 9, 2026 — other acquisition/disposition (J): 3,090,000 shares disposed at $0.00 per share (total $0.00).
  • Oct 9, 2026 — other acquisition/disposition (J): 3,090,000 shares disposed at $0.00 per share (total $0.00).
  • Oct 9, 2026 — other acquisition/disposition (J): 3,090,000 shares acquired at $0.00 per share (total $0.00).
• Shares owned after the transactions: not included in the provided filing details.
• Relevant footnotes:
  • F1: Shares moved from the Willis J. Johnson and Reba Johnson Revocable Trust to a separate trust for which the reporting person's wife is trustee.
  • F2: Shares transferred from the Willis J. Johnson and Reba Johnson and Reba Johnson Revocable Trust to the 2026 Willis Johnson Qualified Annuity Trust, for which the reporting person is trustee.
• Form filed on Oct 21, 2026 (accession 0001193125-26-428030). The provided details do not include a timeliness flag.

Why it may matter

• The Dec 10, 2025 entry was a gift (code G), which is not a market trade.
• The Oct 9, 2026 entries are coded J (other acquisition or disposition) and the footnotes describe trust-to-trust transfers.
• A filing does not show why the insider traded or why the company acted.