Peter J. Kelly - 21 Feb 2022 Form 4 Insider Report for KAR Auction Services, Inc. (KAR)

Role
Chief Executive Officer, Director
Signature
Charles S. Coleman as Attorney-In-Fact
Issuer symbol
KAR
Transactions as of
21 Feb 2022
Net transactions value
-$86,938
Form type
4
Filing time
23 Feb 2022, 20:48:42 UTC
Previous filing
08 Jun 2021
Next filing
13 May 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 +5,056 +2.4% $0.000000 219,169 21 Feb 2022 Direct F1, F2
transaction KAR Common Stock Tax liability $20,913 -1,497 -0.68% $13.97 217,672 21 Feb 2022 Direct F3
transaction KAR Common Stock Options Exercise $0 +2,125 +0.98% $0.000000 219,797 22 Feb 2022 Direct F4
transaction KAR Common Stock Tax liability $8,713 -630 -0.29% $13.83 219,167 22 Feb 2022 Direct F3
transaction KAR Common Stock Options Exercise $0 +13,997 +6.4% $0.000000 233,164 22 Feb 2022 Direct F4
transaction KAR Common Stock Tax liability $57,312 -4,144 -1.8% $13.83 229,020 22 Feb 2022 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 -2,125 -100% $0.000000* 0 22 Feb 2022 Common Stock 2,125 Direct F5, F6
transaction KAR Restricted Stock Units Options Exercise $0 -5,056 -50% $0.000000 5,057 21 Feb 2022 Common Stock 5,056 Direct F5, F7
transaction KAR Restricted Stock Units Options Exercise $0 -13,997 -100% $0.000000* 0 22 Feb 2022 Common Stock 13,997 Direct F5, F8
* 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. The restricted stock units vested in common stock on February 21, 2022.
F2 Includes shares acquired pursuant to the Company's Employee Stock Purchase Plan.
F3 Shares withheld by the Company to satisfy tax withholding requirements.
F4 Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis. The restricted stock units vested in common stock on February 22, 2022.
F5 Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
F6 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 vested on February 22, 2020, one-third of these restricted stock units vested on February 22, 2021 and the remaining one-third of these restricted stock units vested on February 22, 2022.
F7 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 vested on February 21, 2021, one-third of these restricted stock units vested on February 21, 2022 and the remaining one-third of these restricted stock units vest on February 21, 2023, assuming continued employment through the applicable vesting date.
F8 These restricted stock units were subject to a time-vesting requirement and vested and settled in common stock on February 22, 2022.