Scott A. Anderson - 28 Feb 2022 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: 28 Feb 2022
Transactions value $: $0
Form type: 4
Filing time: 01 Mar 2022, 19:12:08 UTC
Previous filing: 23 Feb 2022
Next filing: 08 Mar 2022
SEC: View on sec.gov

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	Award	$0	+6.23K		$0.00	6.23K	28 Feb 2022	Common Stock	6.23K		Direct	F1, F2

* 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.
F2	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 vest on February 28, 2023, one-third of these restricted stock units vest on February 28, 2024 and the remaining one-third of these restricted stock units vest on February 28, 2025, assuming continued employment through the applicable vesting date.

Content

Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.

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 vest on February 28, 2023, one-third of these restricted stock units vest on February 28, 2024 and the remaining one-third of these restricted stock units vest on February 28, 2025, assuming continued employment through the applicable vesting date.