James P. Coyle - 08 Nov 2025 Form 4 Insider Report for OPENLANE, Inc. (KAR)

Role
EVP & President, Marketplace
Signature
Charles S. Coleman as Attorney-In-Fact
Issuer symbol
KAR
Transactions as of
08 Nov 2025
Transactions value $
-$47,414
Form type
4
Filing time
10 Nov 2025, 10:23:23
Previous filing
08 Aug 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Coyle James P EVP & President, Marketplace C/O: OPENLANE, INC., 11299 NORTH ILLINOIS STREET, CARMEL Charles S. Coleman as Attorney-In-Fact 2025-11-10 0001891323

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAR Common Stock Options Exercise $0 +4.29K +11.58% $0.00 41.3K 08 Nov 2025 Direct F1, F2
transaction KAR Common Stock Tax liability -$47.4K -1.89K -4.57% $25.10 39.4K 08 Nov 2025 Direct F3

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 -4.29K -33.33% $0.00 8.57K 08 Nov 2025 Common Stock 4.29K Direct F4, F5
* 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 November 8, 2025.
F2 Includes shares acquired pursuant to the Company's Employee Stock Purchase Plan.
F3 Shares withheld by the Company to satisfy tax withholding requirements.
F4 Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
F5 These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: one-third of these restricted stock units vested on November 8, 2025, one-third of these restricted stock units vest on November 8, 2026 and the remaining one-third of these restricted stock units vest on November 8, 2027, assuming continued employment through the applicable vesting date.