Kestner Michael T. - 06 Jun 2025 Form 4 Insider Report for OPENLANE, Inc. (KAR)

Role
Director
Signature
Charles S. Coleman as Attorney-In-Fact
Issuer symbol
KAR
Transactions as of
06 Jun 2025
Net transactions value
+$170,018
Form type
4
Filing time
09 Jun 2025, 19:45:58 UTC
Previous filing
11 Jun 2024
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Kestner Michael T. Director C/O OPENLANE, INC., 11299 NORTH ILLINOIS STREET, CARMEL Charles S. Coleman as Attorney-In-Fact 09 Jun 2025 0001594577

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 $170,018 +7,195 +9.4% $23.63 83,562 06 Jun 2025 Common Stock 7,195 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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. 7,195 shares of phantom stock vest on June 6, 2026, 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 him subject to the terms and conditions of the KAR Auction Services, Inc. Directors Deferred Compensation Plan.