John C. Hammer - Feb 21, 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
Stock symbol
KAR
Transactions as of
Feb 21, 2022
Transactions value $
-$61,385
Form type
4
Date filed
2/23/2022, 08:58 PM
Previous filing
Jun 8, 2021
Next filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAR Common Stock Options Exercise $0 +3.07K +12.51% $0.00 27.6K Feb 21, 2022 Direct F1, F2
transaction KAR Common Stock Tax liability -$10.4K -748 -2.71% $13.97 26.9K Feb 21, 2022 Direct F3
transaction KAR Common Stock Options Exercise $0 +1.99K +7.41% $0.00 28.9K Feb 21, 2022 Direct F4
transaction KAR Common Stock Tax liability -$6.72K -486 -1.68% $13.83 28.4K Feb 21, 2022 Direct F3
transaction KAR Common Stock Options Exercise $0 +13.1K +46.24% $0.00 41.5K Feb 21, 2022 Direct F4
transaction KAR Common Stock Tax liability -$44.2K -3.2K -7.7% $13.83 38.3K Feb 21, 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 -1.99K -100% $0.00* 0 Feb 21, 2022 Common Stock 1.99K Direct F5, F6
transaction KAR Restricted Stock Units Options Exercise $0 -3.07K -49.99% $0.00 3.07K Feb 21, 2022 Common Stock 3.07K Direct F5, F7
transaction KAR Restricted Stock Units Award $0 -13.1K -87.54% $0.00 1.87K Feb 21, 2022 Common Stock 13.1K 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.