OPENLANE, Inc. — Director's Dealing 2022

Mar 3, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KAR Auction Services, Inc. (KAR)
CIK: 0001395942
Period of Report: 2022-03-01

Reporting Person: Hammer John C (CCO of KAR, President of ADESA)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-03-01	Common Stock	M	1870	—	Acquired	40182.333	Direct
2022-03-01	Common Stock	F	482	$18.08	Disposed	39700.333	Direct
2022-03-01	Common Stock	M	284	—	Acquired	39984.333	Direct
2022-03-01	Common Stock	F	74	$18.08	Disposed	39910.333	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-03-01	Restricted Stock Units	$	M	1870	Disposed		Common Stock (1870.0)	Direct
2022-03-01	Restricted Stock Units	$	M	284	Disposed		Common Stock (284.0)	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 1, 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 were subject to a time-vesting requirement and 13,124 restricted stock units vested and settled in common stock on February 22, 2022 and the remaining restricted stock units vested and settled in common stock on March 1, 2022.

F6: These restricted stock were remain subject to a time-vesting requirement and vested and settled in common stock as follows: one-third of these restricted stock units vested on March 1, 2020, one-third of these restricted stock units vested on March 1, 2021 and the remaining one-third of these restricted stock units vested on March 1, 2022.