Mary Ellen Smith - 07 Jun 2024 Form 4 Insider Report for OPENLANE, Inc. (KAR)

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	Phantom Stock	Award	$170,015	+10,132	+39%	$16.78	36,128	07 Jun 2024	Common Stock	10,132		Direct	F1, F2, F3

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

Id	Content
F1	The phantom stock will convert into shares of KAR common stock on a one-for-one basis.
F2	Represents director fees deferred in the reporting person's account in the KAR Auction Services, Inc. Directors Deferred Compensation Plan. 10,132 shares of phantom stock vest on June 7, 2025, and are subject to forfeiture until vested. All other shares of phantom stock are vested.
F3	The reporting person will receive shares of KAR common stock, on a one-for-one basis, at a future date(s) specified by her subject to the terms and conditions of the KAR Auction Services, Inc. Directors Deferred Compensation Plan.