James E. Money II - Dec 8, 2023 Form 4 Insider Report for OPENLANE, Inc. (KAR)

Role
AFC President
Signature
Charles S. Coleman, as Attorney In Fact
Stock symbol
KAR
Transactions as of
Dec 8, 2023
Transactions value $
-$4,962
Form type
4
Date filed
12/12/2023, 06:47 PM
Previous filing
May 11, 2023
Next filing
Mar 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAR Common Stock Options Exercise $0 +346 +0.78% $0.00 45K Dec 8, 2023 Direct F1
transaction KAR Common Stock Tax liability -$4.96K -346 -0.77% $14.34 44.6K Dec 8, 2023 Direct F2

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 -346 -0.87% $0.00 39.7K Dec 8, 2023 Common Stock 346 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Shares withheld to satisfy FICA taxes due in the year the reporting person reaches retirement eligibility.
F3 Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
F4 These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: 19,654 of these restricted stock units vest on May 9, 2024 and the remaining 20,000 of these restricted stock units vest on May 9, 2025, assuming continued employment through the applicable vesting date.