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

Role
AFC President
Signature
Charles S. Coleman as Attorney-In-Fact
Stock symbol
KAR
Transactions as of
Dec 10, 2021
Transactions value $
-$690
Form type
4
Date filed
12/14/2021, 06:45 PM
Previous filing
Jun 8, 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 +43 +0.17% $0.00 24.8K Dec 10, 2021 Direct F1
transaction KAR Common Stock Tax liability -$690 -43 -0.17% $16.04 24.8K Dec 10, 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 -1.51% $0.00 2.81K Dec 10, 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.