OPENLANE, Inc. — Director's Dealing 2022

Dec 13, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KAR Auction Services, Inc. (KAR)
CIK: 0001395942
Period of Report: 2022-12-09

Reporting Person: Anderson Scott A (Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-12-09	Common Stock	M	112	—	Acquired	18902.1086	Direct
2022-12-09	Common Stock	F	112	$13.37	Disposed	18790.1086	Direct
2022-12-09	Common Stock	M	17	—	Acquired	18807.1086	Direct
2022-12-09	Common Stock	F	17	$13.37	Disposed	18790.1086	Direct
2022-12-09	Common Stock	M	4	—	Acquired	18794.1086	Direct
2022-12-09	Common Stock	F	4	$13.37	Disposed	18790.1086	Direct
2022-12-09	Common Stock	M	55	—	Acquired	18845.1086	Direct
2022-12-09	Common Stock	F	55	$13.37	Disposed	18790.1086	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-12-09	Restricted Stock Units	$	M	112	Disposed		Common Stock (112.0)	Direct
2022-12-09	Restricted Stock Units	$	M	17	Disposed		Common Stock (17.0)	Direct
2022-12-09	Restricted Stock Units	$	M	4	Disposed		Common Stock (4.0)	Direct
2022-12-09	Restricted Stock Units	$	M	55	Disposed		Common Stock (55.0)	Direct
2022-12-09	Restricted Stock Units	$	A	10000	Acquired		Common Stock (10000.0)	Direct

Footnotes

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

F2: Includes 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: 2,015 of these restricted stock units vest on February 28, 2023, 2,026 of these restricted stock units vest on February 28, 2024, and the remaining 2,077 of these restricted stock units vest on February 28, 2025, 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: 534 of these restricted stock units vest on May 7, 2023 and the remaining 542 of these restricted stock units vest on May 7, 2024, assuming continued employment through the applicable vesting date.

F7: These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock on February 21, 2023, assuming continued employment through the applicable vesting date.

F8: These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: 1,815 of these restricted stock units vest on March 4, 2023 and the remaining 1,830 of these restricted stock units vest on March 4, 2024, assuming continued employment through the applicable vesting date.

F9: 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 9, 2023, one-third of these restricted stock units vest on May 9, 2024 and the remaining one-third of these restricted stock units vest on May 9, 2025, assuming continued employment through the applicable vesting date.