Scott A. Anderson - May 7, 2023 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
May 7, 2023
Transactions value $
-$2,195
Form type
4
Date filed
5/9/2023, 08:47 AM
Previous filing
Mar 6, 2023
Next filing
May 11, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAR Common Stock Options Exercise $0 +534 +2.34% $0.00 23.3K May 7, 2023 Direct F1, F2
transaction KAR Common Stock Tax liability -$2.19K -148 -0.63% $14.83 23.2K May 7, 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 -534 -49.63% $0.00 542 May 7, 2023 Common Stock 534 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 May 7, 2022, one-third of these restricted stock units vested on May 7, 2023 and the remaining one-third of these restricted stock units vest on May 7, 2024, assuming continued employment through the applicable vesting date.