Scott A. Anderson - Mar 4, 2024 Form 4 Insider Report for OPENLANE, Inc. (KAR)

Role
Chief Accounting Officer
Signature
Charles S. Coleman, as Attorney-in-Fact
Stock symbol
KAR
Transactions as of
Mar 4, 2024
Transactions value $
-$7,593
Form type
4
Date filed
3/6/2024, 09:15 AM
Previous filing
Feb 29, 2024
Next filing
May 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAR Common Stock Options Exercise $0 +1.82K +5.95% $0.00 32.3K Mar 4, 2024 Direct F1, F2
transaction KAR Common Stock Tax liability -$7.59K -474 -1.47% $16.02 31.9K Mar 4, 2024 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 -1.82K -100% $0.00* 0 Mar 4, 2024 Common Stock 1.82K Direct F4, F5
* 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. The restricted stock units vested in common stock on March 4, 2024.
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 Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
F5 These restricted stock units were subject to a time-vesting requirement and were scheduled to vest and settle in common stock as follows: one-third of these restricted stock units vested on March 4, 2022, one-third of these restricted stock units vested on March 4, 2023 and the remaining one-third of these restricted stock units vested on March 4, 2024, assuming continued employment through the applicable vesting date.