Copart, Inc. director Daniel J. Englander reported two separate transactions involving Copart common stock on July 13, 2026, both executed through Ursula Capital Partners, a private investment vehicle for which he serves as sole general partner. The first transaction was an open-market sale of 80,000 shares at a weighted average price of $27.55, with individual transaction prices ranging from $27.50 to $27.66. The second transaction was a distribution of 40,000 shares of Copart common stock to limited partners of Ursula Capital Partners, excluding Englander himself, at no cost to those recipients. Following both transactions, Ursula Capital Partners held 235,352 shares of Copart common stock in which Englander retains indirect beneficial ownership as sole general partner.

Key Points

  • NASDAQ: CPRT
  • Director Daniel J. Englander disposed of a combined 120,000 shares of Copart common stock on July 13, 2026, through an open-market sale and a partnership distribution, both conducted via Ursula Capital Partners.
  • The open-market sale involved 80,000 shares at a weighted average price of $27.55, with prices ranging from $27.50 to $27.66; the distribution of 40,000 shares to limited partners was executed at $0 consideration.
  • Following both transactions, Ursula Capital Partners held 235,352 shares, representing Englander's remaining indirect beneficial ownership as disclosed in the filing.

Daniel Englander's Role as Copart Director and Sole General Partner of Ursula Capital Partners

Daniel J. Englander is identified in the disclosure as a director of Copart, Inc., the NASDAQ-listed vehicle auction and remarketing company headquartered at 14185 Dallas Parkway, Suite 300, Dallas, Texas. His relationship to the issuer is solely that of a director, as indicated in the filing, with no officer title listed. The disclosure was filed on July 15, 2026, and covers transactions dated July 13, 2026, representing the earliest transaction date reported.

Englander's shareholdings in Copart are held indirectly through Ursula Capital Partners, a private partnership in which he serves as the sole general partner. As the filing states, his indirect beneficial ownership arises entirely from this general partner role, meaning the shares reported are legally held by the partnership entity rather than in Englander's personal name. The disclosure was signed by D. Joseph Meister as attorney-in-fact on Englander's behalf.

Open-Market Sale of 80,000 Copart Shares at Weighted Average $27.55

The first transaction reported in the disclosure was an open-market sale, coded "S," in which Ursula Capital Partners disposed of 80,000 shares of Copart common stock on July 13, 2026. The price reported is a weighted average of $27.55 per share, reflecting the fact that the shares were sold across multiple transactions at prices ranging from $27.50 to $27.66 per share, inclusive. The filing notes that Englander undertakes to provide full information regarding the number of shares sold at each separate price within these ranges to Copart or the staff of the Securities and Exchange Commission upon request.

Following the sale of 80,000 shares, Ursula Capital Partners' reported holdings stood at 275,352 shares before the second transaction was applied. The disclosure presents this post-sale figure under the column for securities beneficially owned following the reported transaction, reflecting the sequential nature of the two disposals recorded on the same date. The immediate share price impact was not clear from available public information.

Distribution of 40,000 Shares to Ursula Capital Partners' Limited Partners

The second transaction recorded on July 13, 2026, was coded "J," representing a transaction that does not fall into the standard sale or acquisition categories. According to the filing, Englander, acting in his capacity as general partner of Ursula Capital Partners, caused the partnership to distribute 40,000 shares of Copart common stock to the entity's limited partners. Critically, the disclosure specifies that Englander himself was excluded from this distribution, meaning he received no shares from this transfer.

The price attributed to this transaction is $0, consistent with a distribution rather than a market sale. As a result of the 40,000-share distribution to third-party limited partners, Ursula Capital Partners' holdings declined further, and Englander's indirect beneficial ownership through the partnership was reduced accordingly. Following this second transaction, the filing reports that Ursula Capital Partners held 235,352 shares of Copart common stock, representing Englander's remaining indirect stake as of the filing date.

Breakdown of Beneficial Ownership Before and After Both Transactions

The disclosure provides a sequential view of Englander's indirect beneficial ownership through Ursula Capital Partners across the two transactions. Before either transaction, the filing implies a starting position that is consistent with adding back the 80,000 shares sold and the 40,000 shares distributed to the post-transaction balance of 235,352 shares. After the open-market sale of 80,000 shares, the filing records a holding of 275,352 shares. After the subsequent distribution of 40,000 shares to limited partners, the holding falls to 235,352 shares.

Both transactions reflect disposals coded as "D" in the beneficial ownership table, consistent with shares leaving the ownership of Ursula Capital Partners. The nature of indirect beneficial ownership is noted in the filing through Englander's role as sole general partner of the partnership, and both footnotes in the filing confirm the specific share counts attributed to Ursula Capital Partners at each stage. No direct holdings in Copart common stock were reported for Englander in this disclosure.

Structure of Ursula Capital Partners and Englander's General Partner Authority

Ursula Capital Partners functions as the vehicle through which Englander holds his indirect beneficial ownership of Copart shares. The filing identifies Englander as the sole general partner of the entity, a structural role that confers decision-making authority over the partnership's transactions, including the execution of the open-market sale and the distribution to limited partners described in this report. The filing does not describe the nature, size, or membership of the limited partner group beyond specifying that Englander himself was excluded from the July 13, 2026, distribution.

The ability of a general partner to cause a partnership to distribute securities to its limited partners is a standard feature of private partnership structures. In this case, the distribution was made at $0 consideration from the perspective of the reporting person, as the shares moved from the partnership's holdings to those of the limited partners without Englander receiving any portion of the distributed stock. The filing does not disclose any further details about the limited partners or the purpose behind the distribution.

Copart's Business as an Online Vehicle Auction and Remarketing Platform

Copart, Inc. operates as a global online vehicle auction and remarketing platform, connecting sellers of salvage and used vehicles — including insurance companies, dealerships, fleet operators, and financial institutions — with buyers across more than 170 countries. The company's revenue model is primarily fee-based, with income generated from auction services, vehicle processing, storage, and transportation. Copart's platform facilitates the remarketing of vehicles that have been declared total losses by insurers, as well as used vehicles from a range of commercial and fleet sources.

The company's operations span a large network of storage and processing locations across the United States and internationally, underpinning its ability to process high volumes of vehicles at scale. As an online marketplace, Copart's business is driven by factors including the frequency of insurance total-loss events, used vehicle pricing dynamics, and the depth of its registered buyer network. These sector-specific drivers are relevant context when evaluating any changes in director-level shareholding activity disclosed through regulatory filings.

Weighted Average Pricing and Multi-Transaction Sale Disclosure Requirements

The filing's footnote on the open-market sale explains that the $27.55 price is a weighted average across multiple individual transactions, all of which took place within the range of $27.50 to $27.66 per share. This type of disclosure is standard when a reporting person executes a sale through multiple market transactions at slightly varying prices, rather than a single block trade at one fixed price. Reporting persons are required to disclose the range of prices and to offer full transaction-level detail upon request by the company or regulatory staff.

The undertaking to provide granular per-transaction pricing data upon request, as stated in the filing, is a routine but meaningful compliance commitment. It ensures that the aggregate weighted average figure does not obscure the distribution of individual transaction prices, preserving transparency for the issuer and regulators. The filing does not indicate whether any portion of the sale was conducted pursuant to a pre-established Rule 10b5-1 trading plan, as the corresponding checkbox in the disclosure was not marked.

Filing Date, Signatory, and Compliance with Section 16(a) Reporting Obligations

The disclosure was filed on July 15, 2026, two days after the transaction date of July 13, 2026, which is consistent with the reporting timeframe applicable to Section 16(a) filers. The document was signed by D. Joseph Meister, identified as attorney-in-fact for Daniel J. Englander, on the filing date. The use of an attorney-in-fact for the signature is a permitted and common practice for insiders who authorize a representative to execute and submit regulatory filings on their behalf.

The disclosure covers only non-derivative securities, as no entries appear in Table II of the filing, which addresses derivative instruments such as options, warrants, or convertible securities. This indicates that as of the filing date, Englander held no reportable derivative positions in Copart common stock. The filing is not marked as an amendment to a prior report, confirming that it represents an original disclosure rather than a correction or update to previously filed information.

Remaining Indirect Stake and Post-Transaction Ownership Position

Following the completion of both transactions on July 13, 2026, the filing states that Ursula Capital Partners held 235,352 shares of Copart common stock. This figure represents Englander's total indirect beneficial ownership in Copart as reported in this disclosure, held entirely through his role as sole general partner of the partnership. The filing does not report any separately held direct beneficial ownership of Copart shares by Englander.

The disclosure does not include any commentary on Copart's business performance, financial condition, or forward-looking guidance, nor does it reference any material non-public information or indicate that either transaction was motivated by a specific corporate event. The filing contains solely the transaction data and ownership figures required under applicable securities regulations. Investors reviewing this update should rely on the figures as reported and note that the filing does not provide any additional context for the transactions beyond the structural descriptions contained in the footnotes.