OPENLANE, Inc. — Director's Dealing 2021

Dec 14, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KAR Auction Services, Inc. (KAR)
CIK: 0001395942
Period of Report: 2021-12-10

Reporting Person: Loughmiller Eric M. (EVP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-10	Common Stock	M	171	—	Acquired	259417.722	Direct
2021-12-10	Common Stock	F	171	$16.04	Disposed	259246.722	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-10	Restricted Stock Units	$	M	171	Disposed		Common Stock (171.0)	Direct

Footnotes

F1: Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.

F2: Includes 4,159.139 shares acquired pursuant to the Company's Employee Stock Purchase Plan.

F3: Shares withheld to satisfy FICA taxes due in the year the reporting person reaches retirement eligibility.

F4: Shares withheld to satisfy FICA taxes due in the year the reporting person reaches retirement eligibility. Each remaining restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.

F5: These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: 4,978 of these restricted stock units vest on February 21, 2022 and the remaining 5,008 of these restricted stock units vest on February 21, 2023, assuming continued employment through the applicable vesting date.