OPENLANE, Inc. — Director's Dealing 2022

Mar 8, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KAR Auction Services, Inc. (KAR)
CIK: 0001395942
Period of Report: 2022-03-04

Reporting Person: Anderson Scott A (Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-03-04	Common Stock	M	1814	—	Acquired	17483.0076	Direct
2022-03-04	Common Stock	F	476	$17.89	Disposed	17007.0076	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-03-04	Restricted Stock Units	$	M	1814	Disposed		Common Stock (1814.0)	Direct

Footnotes

F1: Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis. The restricted stock units vested in common stock on March 4, 2022.

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

F3: Shares withheld by the Company to satisfy tax withholding requirements.

F4: Each 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: one-third of these restricted stock units vested 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.