Bradley Herring - May 27, 2025 Form 4 Insider Report for OPENLANE, Inc. (KAR)

Role: EVP & CFO
Signature: Kristen Trout, as Attorney-In-Fact
Stock symbol: KAR
Transactions as of: May 27, 2025
Transactions value $: $0
Form type: 4
Date filed: 5/28/2025, 12:30 PM
Previous filing: Apr 21, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Herring Bradley	EVP & CFO	C/O: OPENLANE, INC., 11299 N ILLINOIS STREET, CARMEL	Kristen Trout, as Attorney-In-Fact	2025-05-28	0001813901

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	+48.6K		$0.00	48.6K	May 27, 2025	Common Stock	48.6K		Direct	F1, F2

* 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	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 May 27, 2026, one-third of these restricted stock units vest on May 27, 2027, and the remaining one-third of these restricted stock units vest on May 27, 2028, assuming continued employment through the applicable vesting date.

Content

Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.

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 May 27, 2026, one-third of these restricted stock units vest on May 27, 2027, and the remaining one-third of these restricted stock units vest on May 27, 2028, assuming continued employment through the applicable vesting date.