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: HALLETT JAMES P (Director, Executive Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-12-09	Common Stock	M	4908	—	Acquired	631049.8733	Direct
2022-12-09	Common Stock	F	4908	$13.37	Disposed	626141.8733	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-12-09	Restricted Stock Units	$	A	150000	Acquired		Common Stock (150000.0)	Direct
2022-12-09	Restricted Stock Units	$	M	4908	Disposed		Common Stock (4908.0)	Direct

Footnotes

F1: 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.

F2: Shares withheld to satisfy FICA taxes due in the year the reporting person reaches retirement eligibility.

F3: Each 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: 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, subject to certain continued employment conditions.

F5: These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: 48,364 of these restricted stock units vest on May 9, 2023, 48,364 of these restricted stock units vest on May 9, 2024 and the remaining 48,364 of these restricted stock units vest on May 9, 2025, subject to certain continued employment conditions.