Scott A. Anderson - 24 Feb 2023 Form 4 Insider Report for KAR Auction Services, Inc. (KAR)

Role: Interim CFO & CAO
Signature: Charles S. Coleman, as Attorney-in-Fact
Issuer symbol: KAR
Transactions as of: 24 Feb 2023
Transactions value $: $0
Form type: 4
Filing time: 27 Feb 2023, 16:50:19 UTC
Previous filing: 22 Feb 2023
Next filing: 01 Mar 2023
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	+8.49K		$0.00	8.49K	24 Feb 2023	Common Stock	8.49K		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 24, 2024, one-third of these restricted stock units vest on February 24, 2025 and the remaining one-third of these restricted stock units vest on February 24, 2026, 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 24, 2024, one-third of these restricted stock units vest on February 24, 2025 and the remaining one-third of these restricted stock units vest on February 24, 2026, assuming continued employment through the applicable vesting date.