Peter J. Kelly - 05 Dec 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
05 Dec 2025
Net transactions value
-$89,216
Form type
4
Filing time
08 Dec 2025, 16:50:01 UTC
Previous filing
12 May 2025
Next filing
20 Feb 2026
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 08 Dec 2025 0001532010

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAR Common Stock Options Exercise $0 +3,413 +0.72% $0.000000 474,958 05 Dec 2025 Direct F1
transaction KAR Common Stock Tax liability $89,216 -3,413 -0.72% $26.14 471,545 05 Dec 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 -3,413 -2% $0.000000 163,892 05 Dec 2025 Common Stock 3,413 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld to satisfy FICA taxes due in the year the reporting person reaches retirement eligibility. Each remaining restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
F2 Shares withheld to satisfy FICA taxes due in the year the reporting person reaches retirement eligibility.
F3 Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
F4 These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: 53,906 of these restricted stock units vest on February 21, 2026, 54,217 of these restricted stock units vest on February 21, 2027 and the remaining 55,769 of these restricted stock units vest on February 21, 2028, assuming continued employment through the applicable vesting date.