Scott A. Anderson - 10 Dec 2021 Form 4 Insider Report for KAR Auction Services, Inc. (KAR)

Role: Chief Accounting Officer
Signature: Charles S. Coleman, as Attorney-in-Fact
Issuer symbol: KAR
Transactions as of: 10 Dec 2021
Transactions value $: -$2,550
Form type: 4
Filing time: 14 Dec 2021, 18:43:16 UTC
Previous filing: 11 May 2021
Next filing: 23 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KAR	Common Stock	Options Exercise	$0	+35	+0.24%	$0.00	14.4K	10 Dec 2021	Direct
transaction	KAR	Common Stock	Tax liability	-$561	-35	-0.24%	$16.04	14.3K	10 Dec 2021	Direct	F1
transaction	KAR	Common Stock	Options Exercise	$0	+26	+0.18%	$0.00	14.4K	10 Dec 2021	Direct
transaction	KAR	Common Stock	Tax liability	-$417	-26	-0.18%	$16.04	14.3K	10 Dec 2021	Direct	F1
transaction	KAR	Common Stock	Options Exercise	$0	+98	+0.68%	$0.00	14.4K	10 Dec 2021	Direct
transaction	KAR	Common Stock	Tax liability	-$1.57K	-98	-0.68%	$16.04	14.3K	10 Dec 2021	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	Restricted Stock Units	Options Exercise	$0	-35	-2.72%	$0.00	1.25K	10 Dec 2021	Common Stock	35		Direct	F2, F3, F4
transaction	KAR	Restricted Stock Units	Options Exercise	$0	-26	-1.57%	$0.00	1.63K	10 Dec 2021	Common Stock	26		Direct	F2, F3, F5
transaction	KAR	Restricted Stock Units	Options Exercise	$0	-98	-1.75%	$0.00	5.51K	10 Dec 2021	Common Stock	98		Direct	F2, F3, F6

* 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.
F2	Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
F3	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.
F4	These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: 624 of these restricted stock units vest on February 21, 2022 and the remaining 627 of these restricted stock units vest on February 21, 2023, assuming continued employment through the applicable vesting date.
F5	These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: 537 of these restricted stock units vest on May 7, 2022, 541 of these restricted stock units vest on May 7, 2023 and the remaining 552 of these restricted stock units vest on May 7, 2024, assuming continued employment through the applicable vesting date.
F6	These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: 1,814 of these restricted stock units vest on March 4, 2022, 1,829 of these restricted stock units vest on March 4, 2023 and the remaining 1,871 of these restricted stock units vest on March 4, 2024, assuming continued employment through the applicable vesting date.