William Clyde Mitchell - Apr 1, 2024 Form 3 Insider Report for OPENLANE, Inc. (KAR)

Role
President of AFC
Signature
Kristen Trout, as Attorney-In-Fact
Stock symbol
KAR
Transactions as of
Apr 1, 2024
Transactions value $
$0
Form type
3
Date filed
4/10/2024, 04:03 PM
Next filing
May 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding KAR Common Stock 8.22K Apr 1, 2024 Direct

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
holding KAR Restricted Stock Units Apr 1, 2024 Common Stock 1.21K Direct F1, F2
holding KAR Restricted Stock Units Apr 1, 2024 Common Stock 2K Direct F2, F3
holding KAR Restricted Stock Units Apr 1, 2024 Common Stock 6.82K Direct F2, F4
holding KAR Restricted Stock Units Apr 1, 2024 Common Stock 4.72K Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock on February 28, 2025, assuming continued employment through the applicable vesting date.
F2 Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
F3 These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: one-half of these restricted stock units vest on May 9, 2024 and the remaining one-half of these restricted stock units vest on May 9, 2025, assuming continued employment through the applicable vesting date.
F4 These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: one-third of these restricted stock units vest on February 22, 2025, one-third of these restricted stock units vest on February 22, 2026, and the final one-third of these restricted stock units vest on February 22, 2027, assuming continued employment through the applicable vesting date.
F5 These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: one-half of these restricted stock units vest on February 24, 2025 and the remaining one-half of these restricted stock units vest on February 24, 2026, assuming continued employment through the applicable vesting date.