Peter J. Kelly - 09 May 2025 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
09 May 2025
Net transactions value
-$462,939
Form type
4
Filing time
12 May 2025, 17:19:11 UTC
Previous filing
25 Feb 2025
Next filing
08 Dec 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Kelly Peter J Chief Executive Officer, Director C/O: OPENLANE, INC., 11299 NORTH ILLINOIS STREET, CARMEL Charles S. Coleman as Attorney-In-Fact 12 May 2025 0001532010

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAR Common Stock Options Exercise $0 +49,026 +11% $0.000000 492,626 09 May 2025 Direct F1
transaction KAR Common Stock Tax liability $462,939 -21,081 -4.3% $21.96 471,545 09 May 2025 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 -49,026 -100% $0.000000 0 09 May 2025 Common Stock 49,026 Direct F3, F4
* 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. The restricted stock units vested in common stock on May 9, 2025.
F2 Shares withheld by the Company to satisfy tax withholding requirements.
F3 Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
F4 These restricted stock units were subject to a time-vesting requirement and vested and settled in common stock on May 9, 2025.