OPENLANE, Inc. — Director's Dealing 2025

Aug 8, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OPENLANE, Inc. (KAR)
CIK: 0001395942
Period of Report: 2025-08-07

Reporting Person: Coyle James P (EVP & President, Marketplace)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-08-07	Common Stock	M	140576	$14.66	Acquired	177426.537	Direct
2025-08-07	Common Stock	S	140576	$27.93	Disposed	36850.537	Direct
2025-08-07	Common Stock	M	933	$14.66	Acquired	37783.537	Direct
2025-08-07	Common Stock	S	933	$29.01	Disposed	36850.537	Direct
2025-08-07	Common Stock	M	52676	$14.66	Acquired	89526.537	Direct
2025-08-07	Common Stock	S	52676	$27.93	Disposed	36850.537	Direct
2025-08-07	Common Stock	M	390	$14.66	Acquired	37240.537	Direct
2025-08-07	Common Stock	S	390	$29.04	Disposed	36850.537	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-08-07	Employee Stock Option (right to buy)	$14.66	M	140576	Disposed	2031-11-05	Common Stock (140576)	Direct
2025-08-07	Employee Stock Option (right to buy)	$14.66	M	933	Disposed	2031-11-05	Common Stock (933)	Direct
2025-08-07	Employee Stock Option (right to buy)	$14.66	M	52676	Disposed	2031-11-05	Common Stock (52676)	Direct
2025-08-07	Employee Stock Option (right to buy)	$14.66	M	390	Disposed	2031-11-05	Common Stock (390)	Direct

Footnotes

F1: Includes shares acquired pursuant to the Company's Employee Stock Purchase Plan.

F2: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.76 to $28.14 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F3: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.00 to $29.05 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F4: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.76 to $28.19 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F5: These options were granted on November 5, 2021 and become eligible to vest and become exercisable in equal 25% increments, each upon the later of the occurrence of the first four anniversaries of the grant date, respectively, and the attainment of the closing price of the Company's common stock at or above, for each respective 25% increment, $19.66, $24.66, $29.66, and $34.66, for twenty consecutive trading days, subject to continued employment through such vesting date.

F6: These options were granted on November 5, 2021 and vest and become exercisable in equal installments on each of the first four anniversaries of the grant date, subject to continued employment through such vesting date.