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OPENLANE, Inc. Director's Dealing 2023

Feb 27, 2023

31385_dirs_2023-02-27_389b47b0-6a83-43a5-a5a6-e0b657514236.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KAR Auction Services, Inc. (KAR)
CIK: 0001395942
Period of Report: 2023-02-24

Reporting Person: Anderson Scott A (Interim CFO & CAO)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2023-02-24 Restricted Stock Units $ A 8487 Acquired Common Stock (8487.0) Direct

Footnotes

F1: Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.

F2: 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 February 24, 2024, one-third of these restricted stock units vest on February 24, 2025 and the remaining one-third of these restricted stock units vest on February 24, 2026, assuming continued employment through the applicable vesting date.