Copart Director Diane M. Morefield Sells $553K in Common Stock
Copart Inc
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Filing Summary
=== SEC FORM 4: INSIDER TRANSACTION ===
Issuer: Copart Inc (CPRT)
Insider: Morefield Diane M
Role: Director
Date: 2026-10-15
Type: Open Market Sale (Code: S)
Shares: 20,000
Price: $27.66
Total Value: $553,200.00
Owned After: 50,000 shares (Direct)
Significance: Medium
Comprehensive Analysis
Executive Summary
On October 15, 2026, Diane M. Morefield, a Director at Copart Inc (NASDAQ: CPRT), executed an open-market sale of 20,000 shares of common stock at a weighted-average price of $27.66 per share (with execution prices ranging between $27.64 and $27.70). The aggregate consideration for the transaction was $553,200.00.
Transaction Details
- Insider: Diane M. Morefield (Director)
- Security: Common Stock
- Transaction Code: S (Open-market sale)
- Volume: 20,000 shares
- Average Price: $27.66
- Rule 10b5-1 Plan: Not adopted/indicated (
aff10b5Oneis false) - Post-Transaction Holdings: 50,000 shares held directly
Ownership Impact and Market Context
Prior to this transaction, Director Morefield held 70,000 shares directly. Selling 20,000 shares reduces her direct holding by approximately 28.57%, leaving her with 50,000 shares. Because this transaction was not flagged as executed under a pre-established Rule 10b5-1 trading arrangement, it warrants moderate tracking, though insider sales by board members for liquidity or portfolio rebalancing are common practice.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.