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: Anderson Scott A (Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-12-08	Common Stock	M	62	—	Acquired	26645.1255	Direct
2023-12-08	Common Stock	F	62	$14.34	Disposed	26583.1255	Direct
2023-12-08	Common Stock	M	58	—	Acquired	26641.1255	Direct
2023-12-08	Common Stock	F	58	$14.34	Disposed	26583.1255	Direct
2023-12-08	Common Stock	M	154	—	Acquired	26737.1255	Direct
2023-12-08	Common Stock	F	154	$14.34	Disposed	26583.1255	Direct
2023-12-08	Common Stock	M	14	—	Acquired	26597.1255	Direct
2023-12-08	Common Stock	F	14	$14.34	Disposed	26583.1255	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-12-08	Restricted Stock Units	$	M	62	Disposed		Common Stock (62)	Direct
2023-12-08	Restricted Stock Units	$	M	58	Disposed		Common Stock (58)	Direct
2023-12-08	Restricted Stock Units	$	M	154	Disposed		Common Stock (154)	Direct
2023-12-08	Restricted Stock Units	$	M	14	Disposed		Common Stock (14)	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: 2,016 of these restricted stock units vest on February 28, 2024 and the remaining 2,025 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: 3,275 restricted stock units vest on May 9, 2024 and the remaining 3,334 of these restricted stock units vest on May 9, 2025, 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 as follows: 2,745 of these restricted stock units vest on February 24, 2024, 2,759 of these restricted stock units vest on February 24, 2025 and the remaining 2,829 of these restricted stock units vest on February 24, 2026, 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 on March 4, 2024, assuming continued employment through the applicable vesting date.