Mary Ellen Smith - Jun 6, 2025 Form 4 Insider Report for OPENLANE, Inc. (KAR)

Role
Director
Signature
Charles S. Coleman, Attorney-in-Fact
Stock symbol
KAR
Transactions as of
Jun 6, 2025
Transactions value $
$170,018
Form type
4
Date filed
6/9/2025, 07:50 PM
Previous filing
Apr 1, 2025
Next filing
Jul 1, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Smith Mary Ellen Director C/O OPENLANE, INC., 11299 NORTH ILLINOIS STREET, CARMEL Charles S. Coleman, Attorney-in-Fact 2025-06-09 0001791994

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 Phantom Stock Award $170K +7.2K +19.92% $23.63 43.3K Jun 6, 2025 Common Stock 7.2K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The phantom stock will convert into shares of KAR common stock on a one-for-one basis.
F2 Represents director fees deferred in the reporting person's account in the KAR Auction Services, Inc. Directors Deferred Compensation Plan. 7,195 shares of phantom stock vest on June 6, 2026, and are subject to forfeiture until vested. All other shares of phantom stock are vested.
F3 The reporting person will receive shares of KAR common stock, on a one-for-one basis, at a future date(s) specified by her subject to the terms and conditions of the KAR Auction Services, Inc. Directors Deferred Compensation Plan.