William Clyde Mitchell - Feb 21, 2025 Form 4 Insider Report for OPENLANE, Inc. (KAR)

Role
President of AFC
Signature
Kristen Trout, as Attorney-In-Fact
Stock symbol
KAR
Transactions as of
Feb 21, 2025
Transactions value $
-$32,735
Form type
4
Date filed
2/25/2025, 10:47 AM
Previous filing
May 13, 2024
Next filing
Mar 4, 2025
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 +2.27K +22.63% $0.00 12.3K Feb 22, 2025 Direct F1, F2
transaction KAR Common Stock Tax liability -$16.1K -768 -6.23% $20.92 11.6K Feb 22, 2025 Direct F3
transaction KAR Common Stock Options Exercise $0 +2.36K +20.41% $0.00 13.9K Feb 24, 2025 Direct F4
transaction KAR Common Stock Tax liability -$16.7K -796 -5.72% $20.94 13.1K Feb 24, 2025 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 +14.3K $0.00 14.3K Feb 21, 2025 Common Stock 14.3K Direct F5, F6
transaction KAR Restricted Stock Units Options Exercise $0 -2.27K -33.33% $0.00 4.55K Feb 22, 2025 Common Stock 2.27K Direct F5, F7
transaction KAR Restricted Stock Units Options Exercise $0 -2.36K -51.85% $0.00 2.19K Feb 24, 2025 Common Stock 2.36K Direct F5, 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. The restricted stock units vested in common stock on February 22, 2025.
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. The restricted stock units vested in common stock on February 24, 2025.
F5 Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
F6 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 21, 2026, one-third of these restricted stock units vest on February 21, 2027 and the remaining one-third of these restricted stock units vest on February 21, 2028, 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: one-third of these restricted stock units vested on February 22, 2025, one-third of these restricted stock units vest on February 22, 2026, and the final one-third of these restricted stock units vest on February 22, 2027, 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 February 24, 2026, assuming continued employment through the applicable vesting date.