AI assistant
OPENLANE, Inc. — Director's Dealing 2024
May 8, 2024
31385_dirs_2024-05-08_2e5082ae-afde-4496-aaaf-3db7ad506882.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: OPENLANE, Inc. (KAR)
CIK: 0001395942
Period of Report: 2024-05-07
Reporting Person: Anderson Scott A (Chief Accounting Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-05-07 | Common Stock | M | 542 | — | Acquired | 32746.9914 | Direct |
| 2024-05-07 | Common Stock | F | 142 | $17.88 | Disposed | 32604.9914 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-05-07 | Restricted Stock Units | $ | M | 542 | Disposed | Common Stock (542) | 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 7, 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 were subject to a time-vesting requirement and vested and settled in common stock as follows: one-third of the restricted stock units vested on May 7, 2022, one-third of the restricted stock units vested on May 7, 2023 and the remaining one-third of the restricted stock units vested on May 7, 2024.