Charles S. Coleman - 09 May 2023 Form 4 Insider Report for KAR Auction Services, Inc. (KAR)

Role
EVP, CLO & Secretary
Signature
Charles S. Coleman
Issuer symbol
KAR
Transactions as of
09 May 2023
Net transactions value
-$64,525
Form type
4
Filing time
11 May 2023, 18:07:41 UTC
Previous filing
22 Feb 2023
Next filing
13 May 2024
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 +15,000 +89% $0.000000 31,854 09 May 2023 Direct F1, F2
transaction KAR Common Stock Tax liability $64,525 -4,276 -13% $15.09 27,578 09 May 2023 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 Award $0 -15,000 -33% $0.000000 30,000 09 May 2023 Common Stock 15,000 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 May 9, 2023.
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 May 9, 2023, one-third of these restricted stock units vest 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.