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OPENLANE, Inc. — Director's Dealing 2025
Feb 25, 2025
31385_dirs_2025-02-25_efc204ad-97f1-4b3f-b249-d4e0ce7a831b.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: 2025-02-21
Reporting Person: Mitchell William Clyde (President of AFC)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-02-22 | Common Stock | M | 2274 | — | Acquired | 12320.499 | Direct |
| 2025-02-22 | Common Stock | F | 768 | $20.92 | Disposed | 11552.499 | Direct |
| 2025-02-24 | Common Stock | M | 2358 | — | Acquired | 13910.499 | Direct |
| 2025-02-24 | Common Stock | F | 796 | $20.94 | Disposed | 13114.499 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-02-21 | Restricted Stock Units | $ | A | 14341 | Acquired | Common Stock (14341) | Direct | |
| 2025-02-22 | Restricted Stock Units | $ | M | 2274 | Disposed | Common Stock (2274) | Direct | |
| 2025-02-24 | Restricted Stock Units | $ | M | 2358 | Disposed | Common Stock (2358) | 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 22, 2025.
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. The restricted stock units vested in common stock on February 24, 2025.
F5: Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
F6: These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: one-third of these restricted stock units vest on February 21, 2026, one-third of these restricted stock units vest on February 21, 2027 and the remaining one-third of these restricted stock units vest on February 21, 2028, assuming continued employment through the applicable vesting date.
F7: These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: one-third of these restricted stock units vested on February 22, 2025, one-third of these restricted stock units vest on February 22, 2026, and the final one-third of these restricted stock units vest on February 22, 2027, assuming continued employment through the applicable vesting date.
F8: These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock on February 24, 2026, assuming continued employment through the applicable vesting date.