Scott A. Anderson - 08 Dec 2023 Form 4 Insider Report for OPENLANE, Inc. (KAR)

Role: Chief Accounting Officer
Signature: Charles S. Coleman as Attorney-In-Fact
Issuer symbol: KAR
Transactions as of: 08 Dec 2023
Net transactions value: -$4,130
Form type: 4
Filing time: 12 Dec 2023, 16:10:54 UTC
Previous filing: 11 May 2023
Next filing: 26 Feb 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	+62	+0.23%	$0.000000	26,645	08 Dec 2023	Direct	F1, F2
transaction	KAR	Common Stock	Tax liability	$889	-62	-0.23%	$14.34	26,583	08 Dec 2023	Direct	F3
transaction	KAR	Common Stock	Options Exercise	$0	+58	+0.22%	$0.000000	26,641	08 Dec 2023	Direct	F1
transaction	KAR	Common Stock	Tax liability	$832	-58	-0.22%	$14.34	26,583	08 Dec 2023	Direct	F3
transaction	KAR	Common Stock	Options Exercise	$0	+154	+0.58%	$0.000000	26,737	08 Dec 2023	Direct	F1
transaction	KAR	Common Stock	Tax liability	$2,208	-154	-0.58%	$14.34	26,583	08 Dec 2023	Direct	F3
transaction	KAR	Common Stock	Options Exercise	$0	+14	+0.05%	$0.000000	26,597	08 Dec 2023	Direct	F1
transaction	KAR	Common Stock	Tax liability	$201	-14	-0.05%	$14.34	26,583	08 Dec 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	Options Exercise	$0	-62	-1.5%	$0.000000	4,041	08 Dec 2023	Common Stock	62		Direct	F1, F4, F5
transaction	KAR	Restricted Stock Units	Options Exercise	$0	-58	-0.87%	$0.000000	6,609	08 Dec 2023	Common Stock	58		Direct	F1, F4, F6
transaction	KAR	Restricted Stock Units	Options Exercise	$0	-154	-1.8%	$0.000000	8,333	08 Dec 2023	Common Stock	154		Direct	F1, F4, F7
transaction	KAR	Restricted Stock Units	Options Exercise	$0	-14	-0.77%	$0.000000	1,816	08 Dec 2023	Common Stock	14		Direct	F1, F4, F8

* 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	Includes shares acquired pursuant to the Company's Employee Stock Purchase Plan.
F3	Shares withheld to satisfy FICA taxes due in the year the reporting person reaches retirement eligibility.
F4	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.
F5	These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: 2,016 of these restricted stock units vest on February 28, 2024 and the remaining 2,025 of these restricted stock units vest on February 28, 2025, 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: 3,275 restricted stock units vest on May 9, 2024 and the remaining 3,334 of these restricted stock units vest on May 9, 2025, assuming continued employment through the applicable vesting date.
F7	These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: 2,745 of these restricted stock units vest on February 24, 2024, 2,759 of these restricted stock units vest on February 24, 2025 and the remaining 2,829 of these restricted stock units vest on February 24, 2026, assuming continued employment through the applicable vesting date.
F8	These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock on March 4, 2024, assuming continued employment through the applicable vesting date.