Charles S. Coleman - 07 Aug 2025 Form 4 Insider Report for OPENLANE, Inc. (KAR)

Signature
Charles S. Coleman
Issuer symbol
KAR
Transactions as of
07 Aug 2025
Net transactions value
-$1,658,313
Form type
4
Filing time
08 Aug 2025, 18:03:50 UTC
Previous filing
12 May 2025
Next filing
03 Dec 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Coleman Charles S. EVP, CLO & Secretary C/O: OPENLANE, INC., 11299 NORTH ILLINOIS STREET, CARMEL Charles S. Coleman 08 Aug 2025 0001791222

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAR Common Stock Options Exercise $545,854 +39,526 +74% $13.81 93,000 07 Aug 2025 Direct
transaction KAR Common Stock Sale $1,105,542 -39,526 -43% $27.97 53,474 07 Aug 2025 Direct F1
transaction KAR Common Stock Options Exercise $272,927 +19,763 +37% $13.81 73,237 07 Aug 2025 Direct
transaction KAR Common Stock Sale $552,771 -19,763 -27% $27.97 53,474 07 Aug 2025 Direct F1

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 Employee Stock Option (right to buy) Options Exercise $545,854 -39,526 -50% $13.81 39,526 07 Aug 2025 Common Stock 39,526 $13.81 Direct F2
transaction KAR Employee Stock Option (right to buy) Options Exercise $272,927 -19,763 -100% $13.81 0 07 Aug 2025 Common Stock 19,763 $13.81 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.76 to $28.53 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 These options were granted on March 4, 2021 and become eligible to vest and become exercisable in equal 25% increments, each upon the later of the occurrence of the first four anniversaries of the grant date, respectively, and the attainment of the closing price of the Company's common stock at or above, for each respective 25% increment, $18.81, $23.81, $28.81, and $33.81, for twenty consecutive trading days, subject to continued employment through such vesting date.
F3 These options were granted on March 4, 2021 and vested and became exercisable in equal installments on each of the first four anniversaries of the grant date, and were subject to continued employment through such vesting date.