OPENLANE, Inc. — Director's Dealing 2026

Feb 23, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OPENLANE, Inc. (KAR)
CIK: 0001395942
Period of Report: 2026-02-19

Reporting Person: Mitchell William Clyde (President of AFC)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2026-02-21	Common Stock	M	4780	—	Acquired	20469.615	Direct
2026-02-21	Common Stock	F	1568	$28.63	Disposed	18901.615	Direct
2026-02-22	Common Stock	M	2274	—	Acquired	21175.615	Direct
2026-02-22	Common Stock	F	646	$28.63	Disposed	20529.615	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2026-02-19	Restricted Stock Units	$	A	17089	Acquired		Common Stock (17089)	Direct
2026-02-21	Restricted Stock Units	$	M	4780	Disposed		Common Stock (4780)	Direct
2026-02-22	Restricted Stock Units	$	M	2274	Disposed		Common Stock (2274)	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 21, 2026.

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 22, 2026.

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 19, 2027, one-third of these restricted stock units vest on February 19, 2028 and the remaining one-third of these restricted stock units vest on February 19, 2029, 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
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.

F8: 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 February 22, 2026 and the final one-half of these restricted stock units vest on February 22, 2027, assuming continued employment through the applicable vesting date.