James E. Money II - 11 Mar 2024 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: 11 Mar 2024
Net transactions value: -$234,632
Form type: 4
Filing time: 13 Mar 2024, 14:03:18 UTC
Previous filing: 12 Dec 2023
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	$204,692	+14,822	+33%	$13.81	59,426	11 Mar 2024	Direct
transaction	KAR	Common Stock	Sale	$234,632	-14,822	-25%	$15.83	44,604	11 Mar 2024	Direct	F1

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	$204,692	-14,822	-75%	$13.81	4,941	11 Mar 2024	Common Stock	14,822	$13.81	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.81 to $15.88 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2	These options were granted on March 4, 2021 and will vest and become exercisable in equal installments on each of the first four anniversaries of the grant date, subject to continued employment through such vesting date.

Content

The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.81 to $15.88 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

These options were granted on March 4, 2021 and will vest and become exercisable in equal installments on each of the first four anniversaries of the grant date, subject to continued employment through such vesting date.