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OPENLANE, Inc. — Director's Dealing 2024
Feb 29, 2024
31385_dirs_2024-02-29_b3d78c47-6149-4803-a50d-8520bbedcb1f.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: 2024-02-28
Reporting Person: Anderson Scott A (Chief Accounting Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-28 | Common Stock | M | 2016 | — | Acquired | 30789.2951 | Direct |
| 2024-02-28 | Common Stock | F | 526 | $15.04 | Disposed | 30263.2951 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-28 | Restricted Stock Units | $ | M | 2016 | Disposed | Common Stock (2016) | 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 February 28, 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: 2,016 of these restricted stock units vested on February 28, 2024 and the remaining 2,025 of these restricted stock units vest on February 28, 2025, assuming continued employment through the applicable vesting date.