Copart Chairman Willis J. Johnson Reports Trust Transfers & Charitable Gift

Insider Filing Analysis: Copart Inc ($CPRT)

Summary of Activity

On October 21, 2026, Copart Inc Chairman of the Board Willis J. Johnson filed Form 4 disclosing estate planning transfers and a charitable gift:

1. Charitable Gift (December 10, 2025):

   • Code G: 129,200 shares gifted from Willis and Reba's Foundation.
   • Post-transaction holdings: 1,130,349 shares.

2. Estate Planning Transfers (October 9, 2026):

   • Transfer 1 (Code J): 3,090,000 shares transferred by the Willis J. Johnson and Reba Johnson Revocable Trust to a separate trust where Mr. Johnson's wife serves as trustee.
   • Transfer 2 (Code J): 3,090,000 shares transferred from the Willis J. Johnson and Reba Johnson Revocable Trust to the 2026 Willis Johnson Qualified Annuity Trust (GRAT), with Mr. Johnson serving as trustee.

Insider Holding Context

Following these transactions, Willis J. Johnson continues to hold significant beneficial ownership:

• Direct Holdings: 3,547,664 shares
• Revocable Trust Holdings: 44,502,321 shares
• 2026 Qualified Annuity Trust: 3,090,000 shares
• Foundation Holdings: 1,130,349 shares

Trading Significance

Significance Rating: Low.
None of the reported transactions represent open-market purchases or sales. The transactions consist entirely of a charitable foundation donation and bona fide estate planning restructuring (reallocations among family trusts and a GRAT). Consequently, there is no change in underlying economic sentiment regarding Copart's operating performance.