Justin T. Davis - Jun 4, 2021 Form 3 Insider Report for KAR Auction Services, Inc. (KAR)

Role
President of BacklotCars
Signature
Charles S. Coleman, Attorney-in-Fact
Stock symbol
KAR
Transactions as of
Jun 4, 2021
Transactions value $
$0
Form type
3
Date filed
6/8/2021, 08:30 PM
Next filing
Mar 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding KAR Common Stock 401K Jun 4, 2021 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
holding KAR Restricted Stock Units Jun 4, 2021 Common Stock 13.6K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: one-third of these restricted stock units vest on March 4, 2022, one-third of these restricted stock units vest on March 4, 2023 and the remaining one-third of these restricted stock units vest on March 4, 2024, assuming continued employment through the applicable vesting date.
F2 Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.