OPENLANE, Inc. — Director's Dealing 2023

Dec 12, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OPENLANE, Inc. (KAR)
CIK: 0001395942
Period of Report: 2023-12-08

Reporting Person: Kelly Peter J (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-12-08	Common Stock	M	975	—	Acquired	314330.263	Direct
2023-12-08	Common Stock	F	975	$14.34	Disposed	313355.263	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-12-08	Restricted Stock Units	$	M	975	Disposed		Common Stock (975)	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: 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: 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: 49,025 of these restricted stock units vest on May 9, 2024 and the remaining 50,000 of these restricted stock units vest on May 9, 2025, assuming continued employment through the applicable vesting date.