James P. Hallett - 21 Feb 2022 Form 4 Insider Report for KAR Auction Services, Inc. (KAR)

Role: Executive Chairman, Director
Signature: Charles S. Coleman as Attorney In Fact
Issuer symbol: KAR
Transactions as of: 21 Feb 2022
Net transactions value: -$274,851
Form type: 4
Filing time: 23 Feb 2022, 20:59:44 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	+14,122	+2.9%	$0.000000	493,812	21 Feb 2022	Direct	F1, F2
transaction	KAR	Common Stock	Tax liability	$51,759	-3,705	-0.75%	$13.97	490,107	21 Feb 2022	Direct	F3
transaction	KAR	Common Stock	Options Exercise	$0	+6,676	+1.4%	$0.000000	496,783	22 Feb 2022	Direct	F4
transaction	KAR	Common Stock	Tax liability	$38,074	-2,753	-0.55%	$13.83	494,030	22 Feb 2022	Direct	F3
transaction	KAR	Common Stock	Options Exercise	$0	+45,490	+9.2%	$0.000000	539,520	22 Feb 2022	Direct	F4
transaction	KAR	Common Stock	Award	$185,018	-13,378	-2.5%	$13.83	526,142	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	-6,676	-100%	$0.000000^*	0	22 Feb 2022	Common Stock	6,676		Direct	F5, F6
transaction	KAR	Restricted Stock Units	Options Exercise	$0	-14,122	-50%	$0.000000	14,122	21 Feb 2022	Common Stock	14,122		Direct	F5, F7
transaction	KAR	Restricted Stock Units	Options Exercise	$0	-45,490	-100%	$0.000000^*	0	22 Feb 2022	Common Stock	45,490		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, assuming continued employment through the applicable vesting date.
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 are scheduled to vest and settle in common stock on February 22, 2022.