Scott A. Anderson - Feb 21, 2023 Form 4 Insider Report for KAR Auction Services, Inc. (KAR)

Role
Interim CFO & CAO
Signature
Charles S. Coleman, as Attorney-in-Fact
Stock symbol
KAR
Transactions as of
Feb 21, 2023
Transactions value $
-$2,302
Form type
4
Date filed
2/22/2023, 06:29 PM
Previous filing
Dec 13, 2022
Next filing
Feb 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAR Common Stock Options Exercise $0 +623 +3.29% $0.00 19.6K Feb 21, 2023 Direct F1, F2
transaction KAR Common Stock Tax liability -$2.3K -163 -0.83% $14.12 19.4K Feb 21, 2023 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 -623 -100% $0.00* 0 Feb 21, 2023 Common Stock 623 Direct F1, F4
* 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 by the Company to satisfy tax withholding requirements.
F4 These restricted stock units were subject to a time-vesting requirement and vested and settled in common stock on February 21, 2023.