OPENLANE, Inc. — Director's Dealing 2021

Jun 8, 2021

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: KAR Auction Services, Inc. (KAR)
CIK: 0001395942
Period of Report: 2021-06-04

Reporting Person: Davis Justin T. (President of BacklotCars)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	401335	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Common Stock (13578.0)		Direct

Footnotes

F1: 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 March 4, 2022, one-third of these restricted stock units vest on March 4, 2023 and the remaining one-third of these restricted stock units vest on March 4, 2024, assuming continued employment through the applicable vesting date.

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