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OPENLANE, Inc. — Director's Dealing 2024
Aug 14, 2024
31385_dirs_2024-08-14_8558a5b3-f20d-43e6-8642-03c28a77abe7.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: OPENLANE, Inc. (KAR)
CIK: 0001395942
Period of Report: 2024-08-09
Reporting Person: Price Dwayne P (Chief Accounting Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-08-09 | Restricted Stock Units | $ | A | 1324 | Acquired | Common Stock (1324) | 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 August 9, 2025, one-third of these restricted stock units vest on August 9, 2026 and the remaining one-third of these restricted stock units vest on August 9, 2027, assuming continued employment through the applicable vesting date.
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