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Signature
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Charles S. Coleman, Attorney-in-Fact
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Issuer symbol
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KAR
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Transactions as of
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23 Feb 2024
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Net transactions value
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-$2,474,268
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Form type
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4
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Filing time
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27 Feb 2024, 09:25:37 UTC
Transactions Table
| Type |
Sym |
Class |
Transaction |
Value $ |
Shares |
Change % |
* Price $ |
Shares After |
Date |
Ownership |
Footnotes |
| transaction |
KAR |
Common Stock |
Options Exercise |
$2,282,303 |
+194,404 |
+28% |
$11.74 |
878,244 |
23 Feb 2024 |
Direct |
F1 |
| transaction |
KAR |
Common Stock |
Tax liability |
$2,474,268 |
-164,294 |
-19% |
$15.06 |
713,950 |
23 Feb 2024 |
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 |
Employee Stock Option (right to buy) |
Options Exercise |
$2,282,303 |
-194,404 |
-100% |
$11.74 |
0 |
23 Feb 2024 |
Common Stock |
194,404 |
$11.74 |
Direct |
F3 |
* An asterisk sign (*) next to the price indicates that the price is likely invalid.
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
Explanation of Responses: