John C. Hammer - Mar 1, 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: Mar 1, 2022
Transactions value $: -$10,052
Form type: 4
Date filed: 3/3/2022, 07:15 PM
Previous filing: Feb 23, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KAR	Common Stock	Options Exercise	$0	+1.87K	+4.88%	$0.00	40.2K	Mar 1, 2022	Direct	F1, F2
transaction	KAR	Common Stock	Tax liability	-$8.71K	-482	-1.2%	$18.08	39.7K	Mar 1, 2022	Direct	F3
transaction	KAR	Common Stock	Options Exercise	$0	+284	+0.72%	$0.00	40K	Mar 1, 2022	Direct	F1
transaction	KAR	Common Stock	Tax liability	-$1.34K	-74	-0.19%	$18.08	39.9K	Mar 1, 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	-1.87K	-100%	$0.00^*	0	Mar 1, 2022	Common Stock	1.87K		Direct	F4, F5
transaction	KAR	Restricted Stock Units	Options Exercise	$0	-284	-100%	$0.00^*	0	Mar 1, 2022	Common Stock	284		Direct	F4, F6

* 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 March 1, 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.
F5	These restricted stock units were 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 vested and settled in common stock on March 1, 2022.
F6	These restricted stock were remain subject to a time-vesting requirement and vested and settled in common stock as follows: one-third of these restricted stock units vested on March 1, 2020, one-third of these restricted stock units vested on March 1, 2021 and the remaining one-third of these restricted stock units vested on March 1, 2022.