James E. Money II - 08 Dec 2023 Form 4 Insider Report for OPENLANE, Inc. (KAR)

Role
AFC President
Signature
Charles S. Coleman, as Attorney In Fact
Issuer symbol
KAR
Transactions as of
08 Dec 2023
Net transactions value
-$4,962
Form type
4
Filing time
12 Dec 2023, 18:47:15 UTC
Previous filing
11 May 2023
Next filing
13 Mar 2024
SEC
View on sec.gov

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% $0.000000 44,950 08 Dec 2023 Direct F1
transaction KAR Common Stock Tax liability $4,962 -346 -0.77% $14.34 44,604 08 Dec 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 -0.86% $0.000000 39,654 08 Dec 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.