Tobin P. Richer - 09 May 2025 Form 4 Insider Report for OPENLANE, Inc. (KAR)

Role
EVP Marketing & Communications
Signature
Kristen Trout, as Attorney-In-Fact
Issuer symbol
KAR
Transactions as of
09 May 2025
Net transactions value
-$43,020
Form type
4
Filing time
12 May 2025, 17:23:12 UTC
Previous filing
25 Feb 2025
Next filing
20 Feb 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Richer Tobin P EVP Marketing & Communications C/O OPENLANE, INC., 11299 N ILLINOIS STREET, CARMEL Kristen Trout, as Attorney-In-Fact 12 May 2025 0002012179

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAR Common Stock Options Exercise $0 +6,667 +39% $0.000000 23,820 09 May 2025 Direct F1
transaction KAR Common Stock Tax liability $43,020 -1,959 -8.2% $21.96 21,861 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 -6,667 -100% $0.000000 0 09 May 2025 Common Stock 6,667 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.