Eric M. Loughmiller - 10 Dec 2021 Form 4 Insider Report for KAR Auction Services, Inc. (KAR)

Role: EVP & CFO
Signature: Charles S. Coleman as Attorney-In-Fact
Issuer symbol: KAR
Transactions as of: 10 Dec 2021
Net transactions value: -$2,743
Form type: 4
Filing time: 14 Dec 2021, 18:47:52 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	+171	+0.07%	$0.000000	259,418	10 Dec 2021	Direct	F1, F2
transaction	KAR	Common Stock	Tax liability	$2,743	-171	-0.07%	$16.04	259,247	10 Dec 2021	Direct	F3

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	-171	-1.7%	$0.000000	9,986	10 Dec 2021	Common Stock	171		Direct	F1, F4, F5

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
F2	Includes 4,159.139 shares acquired pursuant to the Company's Employee Stock Purchase Plan.
F3	Shares withheld to satisfy FICA taxes due in the year the reporting person reaches retirement eligibility.
F4	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.
F5	These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: 4,978 of these restricted stock units vest on February 21, 2022 and the remaining 5,008 of these restricted stock units vest on February 21, 2023, assuming continued employment through the applicable vesting date.