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Signature
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Charles S. Coleman, Attorney-in-Fact
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Stock symbol
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KAR
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Transactions as of
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Feb 23, 2024
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Transactions value $
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-$2,474,268
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Form type
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4
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Date filed
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2/27/2024, 09:25 AM
Transactions Table
| Type |
Sym |
Class |
Transaction |
Value $ |
Shares |
Change % |
* Price $ |
Shares After |
Date |
Ownership |
Footnotes |
| transaction |
KAR |
Common Stock |
Options Exercise |
$2.28M |
+194K |
+28.43% |
$11.74 |
878K |
Feb 23, 2024 |
Direct |
F1 |
| transaction |
KAR |
Common Stock |
Tax liability |
-$2.47M |
-164K |
-18.71% |
$15.06 |
714K |
Feb 23, 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 |
-$2.28M |
-194K |
-100% |
$11.74 |
0 |
Feb 23, 2024 |
Common Stock |
194K |
$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: