Scott A. Anderson - Dec 9, 2022 Form 4 Insider Report for KAR Auction Services, Inc. (KAR)

Role
Chief Accounting Officer
Signature
Charles S. Coleman, as Attorney-in-Fact
Stock symbol
KAR
Transactions as of
Dec 9, 2022
Transactions value $
-$2,514
Form type
4
Date filed
12/13/2022, 02:56 PM
Previous filing
May 9, 2022
Next filing
Feb 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAR Common Stock Options Exercise $0 +112 +0.6% $0.00 18.9K Dec 9, 2022 Direct F1, F2
transaction KAR Common Stock Tax liability -$1.5K -112 -0.59% $13.37 18.8K Dec 9, 2022 Direct F3
transaction KAR Common Stock Options Exercise $0 +17 +0.09% $0.00 18.8K Dec 9, 2022 Direct F1
transaction KAR Common Stock Tax liability -$227 -17 -0.09% $13.37 18.8K Dec 9, 2022 Direct F3
transaction KAR Common Stock Options Exercise $0 +4 +0.02% $0.00 18.8K Dec 9, 2022 Direct F1
transaction KAR Common Stock Tax liability -$54 -4 -0.02% $13.37 18.8K Dec 9, 2022 Direct F3
transaction KAR Common Stock Options Exercise $0 +55 +0.29% $0.00 18.8K Dec 9, 2022 Direct F1
transaction KAR Common Stock Tax liability -$735 -55 -0.29% $13.37 18.8K Dec 9, 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 -112 -1.8% $0.00 6.12K Dec 9, 2022 Common Stock 112 Direct F1, F4, F5
transaction KAR Restricted Stock Units Options Exercise $0 -17 -1.56% $0.00 1.08K Dec 9, 2022 Common Stock 17 Direct F1, F4, F6
transaction KAR Restricted Stock Units Options Exercise $0 -4 -0.64% $0.00 623 Dec 9, 2022 Common Stock 4 Direct F1, F4, F7
transaction KAR Restricted Stock Units Options Exercise $0 -55 -1.49% $0.00 3.65K Dec 9, 2022 Common Stock 55 Direct F1, F4, F8
transaction KAR Restricted Stock Units Award $0 +10K $0.00 10K Dec 9, 2022 Common Stock 10K Direct F1, F9
* 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.
F2 Includes shares acquired pursuant to the Company's Employee Stock Purchase Plan.
F3 Shares withheld to satisfy FICA taxes due in the year the reporting person reaches retirement eligibility.
F4 Shares withheld to satisfy FICA taxes due in the year the reporting person reaches retirement eligibility. Each remaining restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
F5 These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: 2,015 of these restricted stock units vest on February 28, 2023, 2,026 of these restricted stock units vest on February 28, 2024, and the remaining 2,077 of these restricted stock units vest on February 28, 2025, assuming continued employment through the applicable vesting date.
F6 These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: 534 of these restricted stock units vest on May 7, 2023 and the remaining 542 of these restricted stock units vest on May 7, 2024, 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 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 as follows: 1,815 of these restricted stock units vest on March 4, 2023 and the remaining 1,830 of these restricted stock units vest on March 4, 2024, assuming continued employment through the applicable vesting date.
F9 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 vest on May 9, 2023, one-third of these restricted stock units vest on May 9, 2024 and the remaining one-third of these restricted stock units vest on May 9, 2025, assuming continued employment through the applicable vesting date.