James E. Money II - 10 Dec 2021 Form 4 Insider Report for KAR Auction Services, Inc. (KAR)

Role: AFC President
Signature: Charles S. Coleman as Attorney-In-Fact
Issuer symbol: KAR
Transactions as of: 10 Dec 2021
Net transactions value: -$690
Form type: 4
Filing time: 14 Dec 2021, 18:45:35 UTC
Previous filing: 08 Jun 2021
Next filing: 23 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KAR	Common Stock	Options Exercise	$0	+43	+0.17%	$0.000000	24,819	10 Dec 2021	Direct	F1
transaction	KAR	Common Stock	Tax liability	$690	-43	-0.17%	$16.04	24,776	10 Dec 2021	Direct	F2

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	-43	-1.5%	$0.000000	2,813	10 Dec 2021	Common Stock	43		Direct	F1, F3, F4

* 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. Each remaining restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
F2	Shares withheld to satisfy FICA taxes due in the year the reporting person reaches retirement eligibility.
F3	Each 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: 1,403 of these restricted stock units vest on February 21, 2022 and the remaining 1,410 of these restricted stock units vest on February 21, 2023, assuming continued employment through the applicable vesting date.