William Clyde Mitchell - Feb 28, 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 28, 2025
Transactions value $
-$7,694
Form type
4
Date filed
3/4/2025, 10:17 AM
Previous filing
Feb 25, 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 +1.21K +9.23% $0.00 14.3K Feb 28, 2025 Direct F1, F2
transaction KAR Common Stock Tax liability -$7.69K -345 -2.41% $22.30 14K Feb 28, 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 Options Exercise $0 -1.21K -100% $0.00 0 Feb 28, 2025 Common Stock 1.21K 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 February 28, 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.
F5 These restricted stock units were subject to a time-vesting requirement and vested and settled in common stock on February 28, 2025.