Scott A. Anderson - Feb 28, 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 28, 2023
Transactions value $: -$7,531
Form type: 4
Date filed: 3/1/2023, 08:18 PM
Previous filing: Feb 27, 2023
Next filing: Mar 6, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KAR	Common Stock	Options Exercise	$0	+2.02K	+10.38%	$0.00	21.4K	Feb 28, 2023	Direct	F1, F2
transaction	KAR	Common Stock	Tax liability	-$7.53K	-527	-2.46%	$14.29	20.9K	Feb 28, 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	-2.02K	-32.94%	$0.00	4.1K	Feb 28, 2023	Common Stock	2.02K		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 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 28, 2023, one-third of these restricted stock units vest on February 28, 2024 and the remaining one-third of these restricted stock units vest on February 28, 2025, assuming continued employment through the applicable vesting date.