James P. Coyle - Nov 8, 2024 Form 4 Insider Report for OPENLANE, Inc. (KAR)

Role: EVP, President NA Marketplaces
Signature: Charles S. Coleman as Attorney-In-Fact
Stock symbol: KAR
Transactions as of: Nov 8, 2024
Transactions value $: $0
Form type: 4
Date filed: 11/12/2024, 07:31 AM
Previous filing: May 16, 2024

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	Award	$0	+12.9K		$0.00	12.9K	Nov 8, 2024	Common Stock	12.9K		Direct	F1, F2

* 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.
F2	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 November 8, 2025, one-third of these restricted stock units vest on November 8, 2026 and the remaining one-third of these restricted stock units vest on November 8, 2027, assuming continued employment through the applicable vesting date.

Content

Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.

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 November 8, 2025, one-third of these restricted stock units vest on November 8, 2026 and the remaining one-third of these restricted stock units vest on November 8, 2027, assuming continued employment through the applicable vesting date.