Key facts
- This page summarizes Sriram Subrahmanyam's Form 4 filing for OPENLANE, Inc. (KAR).
- 3 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 13 May 2024, 16:06.
Sriram Subrahmanyam - 09 May 2024 Form 4 Insider Report for OPENLANE, Inc. (KAR)
- Reporting relationship
- EVP Ops, Pres Svcs & Intl Mkts
- Issuer ticker
- KAR
- Reported as of
- 09 May 2024
- Net transaction value
- -$100,947
- SEC form
- 4
- Accepted by SEC
- 13 May 2024, 16:06:43 UTC
- Prior SEC filing
- 11 May 2023
- Source filing
- View source filing
- Reporting owner signature
- Charles S. Coleman, as Attorney In Fact
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Sriram Subrahmanyam filed Form 4 for OPENLANE, Inc. (KAR) on 13 May 2024.
Change
- Previous filing in this sequence was filed on 11 May 2023.
- Current net transaction value: -$100,947.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
KAR
transaction
Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- +20,000
- Change %
- +49%
- Price
- $0.000000
- Shares after
- 60,855
- Date
- 09 May 2024
- Ownership
- Direct
- Footnotes
- F1, F2
KAR
transaction
Common Stock
Tax liability
- Transaction value
- $100,947
- Shares
- -5,700
- Change %
- -9.4%
- Price
- $17.71
- Shares after
- 55,155
- Date
- 09 May 2024
- Ownership
- Direct
- Footnotes
- F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
KAR
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -20,000
- Change %
- -50%
- Price
- $0.000000
- Shares after
- 20,000
- Date
- 09 May 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 20,000
- Exercise price
- Footnotes
- F4, F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 5 footnotes
Footnote 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 May 9, 2024.
Footnote F2
Includes shares acquired pursuant to the Company's Employee Stock Purchase Plan.
Footnote F3
Shares withheld by the Company to satisfy tax withholding requirements.
Footnote F4
Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
Footnote 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 May 9, 2023, one-third of these restricted stock units vested on May 9, 2024 and the remaining one-third of these restricted stock units vest on May 9, 2025, assuming continued employment through the applicable vesting date.