William Clyde Mitchell - 28 Feb 2025 Form 4 Insider Report for OPENLANE, Inc. (KAR)

Role
President of AFC
Signature
Kristen Trout, as Attorney-In-Fact
Issuer symbol
KAR
Transactions as of
28 Feb 2025
Net transactions value
-$7,694
Form type
4
Filing time
04 Mar 2025, 10:17:53 UTC
Previous filing
25 Feb 2025
Next filing
12 May 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 +1,210 +9.2% $0.000000 14,324 28 Feb 2025 Direct F1, F2
transaction KAR Common Stock Tax liability $7,694 -345 -2.4% $22.30 13,979 28 Feb 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 -1,210 -100% $0.000000 0 28 Feb 2025 Common Stock 1,210 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.