John C. Hammer - 21 Feb 2022 Form 4 Insider Report for KAR Auction Services, Inc. (KAR)

Role: CCO of KAR, President of ADESA
Signature: Charles S. Coleman, as Attorney In Fact
Issuer symbol: KAR
Transactions as of: 21 Feb 2022
Net transactions value: -$61,385
Form type: 4
Filing time: 23 Feb 2022, 20:58:56 UTC
Previous filing: 08 Jun 2021
Next filing: 03 Mar 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	+3,071	+13%	$0.000000	27,626	21 Feb 2022	Direct	F1, F2
transaction	KAR	Common Stock	Tax liability	$10,450	-748	-2.7%	$13.97	26,878	21 Feb 2022	Direct	F3
transaction	KAR	Common Stock	Options Exercise	$0	+1,993	+7.4%	$0.000000	28,871	21 Feb 2022	Direct	F4
transaction	KAR	Common Stock	Tax liability	$6,721	-486	-1.7%	$13.83	28,385	21 Feb 2022	Direct	F3
transaction	KAR	Common Stock	Options Exercise	$0	+13,124	+46%	$0.000000	41,509	21 Feb 2022	Direct	F4
transaction	KAR	Common Stock	Tax liability	$44,215	-3,197	-7.7%	$13.83	38,312	21 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	-1,993	-100%	$0.000000^*	0	21 Feb 2022	Common Stock	1,993		Direct	F5, F6
transaction	KAR	Restricted Stock Units	Options Exercise	$0	-3,071	-50%	$0.000000	3,072	21 Feb 2022	Common Stock	3,071		Direct	F5, F7
transaction	KAR	Restricted Stock Units	Award	$0	-13,124	-88%	$0.000000	1,868	21 Feb 2022	Common Stock	13,124		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 remain subject to a time-vesting requirement and 13,124 restricted stock units vested and settled in common stock on February 22, 2022 and the remaining restricted stock units are scheduled to vest and settle in common stock on March 1, 2022, assuming continued employment through the applicable vesting dates.