Scott A. Anderson - Dec 10, 2021 Form 4 Insider Report for KAR Auction Services, Inc. (KAR)

Role
Chief Accounting Officer
Signature
Charles S. Coleman, as Attorney-in-Fact
Stock symbol
KAR
Transactions as of
Dec 10, 2021
Transactions value $
-$2,550
Form type
4
Date filed
12/14/2021, 06:43 PM
Previous filing
May 11, 2021
Next filing
Feb 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAR Common Stock Options Exercise $0 +35 +0.24% $0.00 14.4K Dec 10, 2021 Direct
transaction KAR Common Stock Tax liability -$561 -35 -0.24% $16.04 14.3K Dec 10, 2021 Direct F1
transaction KAR Common Stock Options Exercise $0 +26 +0.18% $0.00 14.4K Dec 10, 2021 Direct
transaction KAR Common Stock Tax liability -$417 -26 -0.18% $16.04 14.3K Dec 10, 2021 Direct F1
transaction KAR Common Stock Options Exercise $0 +98 +0.68% $0.00 14.4K Dec 10, 2021 Direct
transaction KAR Common Stock Tax liability -$1.57K -98 -0.68% $16.04 14.3K Dec 10, 2021 Direct F1

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 KAR Restricted Stock Units Options Exercise $0 -35 -2.72% $0.00 1.25K Dec 10, 2021 Common Stock 35 Direct F2, F3, F4
transaction KAR Restricted Stock Units Options Exercise $0 -26 -1.57% $0.00 1.63K Dec 10, 2021 Common Stock 26 Direct F2, F3, F5
transaction KAR Restricted Stock Units Options Exercise $0 -98 -1.75% $0.00 5.51K Dec 10, 2021 Common Stock 98 Direct F2, F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld to satisfy FICA taxes due in the year the reporting person reaches retirement eligibility.
F2 Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
F3 Shares withheld to satisfy FICA taxes due in the year the reporting person reaches retirement eligibility. Each remaining restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
F4 These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: 624 of these restricted stock units vest on February 21, 2022 and the remaining 627 of these restricted stock units vest on February 21, 2023, assuming continued employment through the applicable vesting date.
F5 These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: 537 of these restricted stock units vest on May 7, 2022, 541 of these restricted stock units vest on May 7, 2023 and the remaining 552 of these restricted stock units vest on May 7, 2024, assuming continued employment through the applicable vesting date.
F6 These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: 1,814 of these restricted stock units vest on March 4, 2022, 1,829 of these restricted stock units vest on March 4, 2023 and the remaining 1,871 of these restricted stock units vest on March 4, 2024, assuming continued employment through the applicable vesting date.