Mary Ellen Smith - 06 Jun 2025 Form 4 Insider Report for OPENLANE, Inc. (KAR)

Role: Director
Signature: Charles S. Coleman, 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, 19:50:06 UTC
Previous filing: 01 Apr 2025
Next filing: 01 Jul 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Smith Mary Ellen	Director	C/O OPENLANE, INC., 11299 NORTH ILLINOIS STREET, CARMEL	Charles S. Coleman, Attorney-in-Fact	09 Jun 2025	0001791994

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	+20%	$23.63	43,323	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 her subject to the terms and conditions of the KAR Auction Services, Inc. Directors Deferred Compensation Plan.