Steve Kwak - 01 Mar 2023 Form 4 Insider Report for AUTONATION, INC. (AN)

Role: COO Franchised Business
Signature: /s/ C. Coleman Edmunds, Attorney-in-Fact
Issuer symbol: AN
Transactions as of: 01 Mar 2023
Net transactions value: -$322,514
Form type: 4
Filing time: 03 Mar 2023, 15:17:45 UTC
Previous filing: 10 Mar 2022
Next filing: 10 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AN	Common Stock, par value $0.01 per share	Options Exercise		+2,329	+61%		6,174	01 Mar 2023	Direct	F1
transaction	AN	Common Stock, par value $0.01 per share	Options Exercise		+2,306	+37%		8,480	01 Mar 2023	Direct	F1
transaction	AN	Common Stock, par value $0.01 per share	Options Exercise		+1,332	+16%		9,812	01 Mar 2023	Direct	F1
transaction	AN	Common Stock, par value $0.01 per share	Tax liability	$322,514	-2,350	-24%	$137.24	7,462	01 Mar 2023	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	AN	Restricted Stock Units	Options Exercise	$0	-2,329	-100%	$0.000000^*	0	01 Mar 2023	Common Stock, par value $0.01 per share	2,329		Direct	F1, F2
transaction	AN	Restricted Stock Units	Options Exercise	$0	-2,306	-50%	$0.000000	2,307	01 Mar 2023	Common Stock, par value $0.01 per share	2,306		Direct	F1, F3
transaction	AN	Restricted Stock Units	Options Exercise	$0	-1,332	-33%	$0.000000	2,665	01 Mar 2023	Common Stock, par value $0.01 per share	1,332		Direct	F1, F4
transaction	AN	Restricted Stock Units	Award	$0	+2,915		$0.000000	2,915	01 Mar 2023	Common Stock, par value $0.01 per share	2,915		Direct	F1, F5

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

Explanation of Responses:

Id	Content
F1	The restricted stock units converted into shares of AutoNation common stock on a one-for-one basis.
F2	The reporting person received a grant of 9,314 restricted stock units on March 1, 2019. The restricted stock units vested in 25% annual increments on each of the first four anniversaries of March 1, 2019. Each restricted stock unit represented a contingent right to receive one share of AutoNation common stock, or at AutoNation's election, the cash value thereof.
F3	The reporting person received a grant of 9,226 restricted stock units on March 2, 2020. The restricted stock units vest in 25% annual increments on each of March 2, 2021, March 1, 2022, March 1, 2023 and March 1, 2024. Each restricted stock unit represents a contingent right to receive one share of AutoNation common stock, or at AutoNation's election, the cash value thereof.
F4	The reporting person received a grant of 5,329 restricted stock units on March 1, 2021. The restricted stock units vest in 25% annual increments on each of the first four anniversaries of March 1, 2021. Each restricted stock unit represents a contingent right to receive one share of AutoNation common stock, or at AutoNation's election, the cash value thereof.
F5	The restricted stock units were granted on March 1, 2023 and will vest in one-third annual increments on each of the first three anniversaries of the grant date. Each restricted stock unit represents a contingent right to receive one share of the registrant's common stock or at the registrant's election, the cash value thereof.