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: Anderson Scott A (Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-10	Common Stock	M	35	—	Acquired	14359.3407	Direct
2021-12-10	Common Stock	F	35	$16.04	Disposed	14324.3407	Direct
2021-12-10	Common Stock	M	26	—	Acquired	14350.3407	Direct
2021-12-10	Common Stock	F	26	$16.04	Disposed	14324.3407	Direct
2021-12-10	Common Stock	M	98	—	Acquired	14422.3407	Direct
2021-12-10	Common Stock	F	98	$16.04	Disposed	14324.3407	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-10	Restricted Stock Units	$	M	35	Disposed		Common Stock (35.0)	Direct
2021-12-10	Restricted Stock Units	$	M	26	Disposed		Common Stock (26.0)	Direct
2021-12-10	Restricted Stock Units	$	M	98	Disposed		Common Stock (98.0)	Direct

Footnotes

F1: Shares withheld to satisfy FICA taxes due in the year the reporting person reaches retirement eligibility.

F2: Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.

F3: 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.

F4: These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: 624 of these restricted stock units vest on February 21, 2022 and the remaining 627 of these restricted stock units vest on February 21, 2023, assuming continued employment through the applicable vesting date.

F5: These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: 537 of these restricted stock units vest on May 7, 2022, 541 of these restricted stock units vest on May 7, 2023 and the remaining 552 of these restricted stock units vest on May 7, 2024, assuming continued employment through the applicable vesting date.

F6: These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: 1,814 of these restricted stock units vest on March 4, 2022, 1,829 of these restricted stock units vest on March 4, 2023 and the remaining 1,871 of these restricted stock units vest on March 4, 2024, assuming continued employment through the applicable vesting date.