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OPENLANE, Inc. — Director's Dealing 2024
May 6, 2024
31385_dirs_2024-05-06_45c04a52-81d5-434d-9c00-62f3c791b1d7.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: 2024-05-05
Reporting Person: Lakhia Brad S. (EVP & CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-05-05 | Common Stock | M | 13486 | — | Acquired | 13486 | Direct |
| 2024-05-05 | Common Stock | F | 4168 | $17.69 | Disposed | 9318 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-05-05 | Restricted Stock Units | $ | M | 13486 | Disposed | Common Stock (13486) | 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 5, 2024.
F2: Shares withheld by the Company to satisfy tax withholding requirements.
F3: Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
F4: These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: one-half of these restricted stock units vested on May 5, 2024 and the remaining one-half of these restricted stock units vest on May 5, 2025, assuming continued employment through the applicable vesting date.