James P. Hallett - Feb 21, 2023 Form 4 Insider Report for KAR Auction Services, Inc. (KAR)

Role
Executive Chairman, Director
Signature
Charles S. Coleman as Attorney In Fact
Stock symbol
KAR
Transactions as of
Feb 21, 2023
Transactions value $
-$52,145
Form type
4
Date filed
2/22/2023, 06:30 PM
Previous filing
Dec 13, 2022
Next filing
May 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAR Common Stock Options Exercise $0 +14.1K +2.26% $0.00 640K Feb 21, 2023 Direct F1, F2
transaction KAR Common Stock Tax liability -$52.1K -3.69K -0.58% $14.12 637K 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 -14.1K -100% $0.00* 0 Feb 21, 2023 Common Stock 14.1K Direct F4, F5
* 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, 2023.
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 vested and settled in common stock on February 21, 2023.