OPENLANE, Inc. — Director's Dealing 2025

Dec 8, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OPENLANE, Inc. (KAR)
CIK: 0001395942
Period of Report: 2025-12-05

Reporting Person: Kelly Peter J (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-12-05	Common Stock	M	3413	—	Acquired	474958.263	Direct
2025-12-05	Common Stock	F	3413	$26.14	Disposed	471545.263	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-12-05	Restricted Stock Units	$	M	3413	Disposed		Common Stock (3413)	Direct

Footnotes

F1: Shares withheld to satisfy FICA taxes due in the year the reporting person reaches retirement eligibility. Each remaining restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.

F2: Shares withheld to satisfy FICA taxes due in the year the reporting person reaches retirement eligibility.

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: 53,906 of these restricted stock units vest on February 21, 2026, 54,217 of these restricted stock units vest on February 21, 2027 and the remaining 55,769 of these restricted stock units vest on February 21, 2028, assuming continued employment through the applicable vesting date.