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OPENLANE, Inc. — Director's Dealing 2024
May 13, 2024
31385_dirs_2024-05-13_c1fdaad3-3651-4414-a80d-a48ece50aa63.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: 2024-05-09
Reporting Person: Subrahmanyam Sriram (EVP Ops, Pres Svcs & Intl Mkts)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-05-09 | Common Stock | M | 20000 | — | Acquired | 60855 | Direct |
| 2024-05-09 | Common Stock | F | 5700 | $17.71 | Disposed | 55155 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-05-09 | Restricted Stock Units | $ | M | 20000 | Disposed | Common Stock (20000) | 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 May 9, 2024.
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 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 vested on May 9, 2023, one-third of these restricted stock units vested on May 9, 2024 and the remaining one-third of these restricted stock units vest on May 9, 2025, assuming continued employment through the applicable vesting date.