Peter J. Kelly - 13 Dec 2024 Form 4 Insider Report for OPENLANE, Inc. (KAR)

Role
Chief Executive Officer, Director
Signature
Charles S. Coleman, as Attorney In Fact
Issuer symbol
KAR
Transactions as of
13 Dec 2024
Net transactions value
-$20,035
Form type
4
Filing time
17 Dec 2024, 18:58:42 UTC
Previous filing
13 May 2024
Next filing
21 Feb 2025
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 $0 +974 +0.26% $0.000000 376,239 13 Dec 2024 Direct F1
transaction KAR Common Stock Tax liability $20,035 -974 -0.26% $20.57 375,265 13 Dec 2024 Direct F2

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 -974 -1.9% $0.000000 49,026 13 Dec 2024 Common Stock 974 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld to satisfy FICA taxes due in the year the reporting person reaches retirement eligibility. Each remaining restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
F2 Shares withheld to satisfy FICA taxes due in the year the reporting person reaches retirement eligibility.
F3 Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
F4 These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock on May 9, 2025, assuming continued employment through the vesting date.