Filing Details
- Accession Number:
- 0001395942-25-000053
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2025-08-08 18:05:00
- Reporting Period:
- 2025-08-07
- Filing Date:
- 2025-08-08
- Accepted Time:
- 2025-08-08 18:05:00
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1395942 | Openlane Inc. | KAR | Retail-Auto Dealers & Gasoline Stations (5500) | 208744739 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1891323 | P James Coyle | C/O: Openlane, Inc. 11299 North Illinois Street Carmel IN 46032 | Evp & President, Marketplace | No | Yes | No | No |
Transaction Summary
| Sold: | 194,575 shares | Avg. Price: $27.94 | Total Value: $5,435,920.29 |
| Number of Shares After Transactions: | 36,851 shares | ||
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2025-08-07 | 140,576 | $14.66 | 177,427 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2025-08-07 | 140,576 | $27.93 | 36,851 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2025-08-07 | 933 | $14.66 | 37,784 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2025-08-07 | 933 | $29.01 | 36,851 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2025-08-07 | 52,676 | $14.66 | 89,527 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2025-08-07 | 52,676 | $27.93 | 36,851 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2025-08-07 | 390 | $14.66 | 37,241 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2025-08-07 | 390 | $29.04 | 36,851 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Employee Stock Option (right to buy) | Disposition | 2025-08-07 | 140,576 | $14.66 | 140,576 | $14.66 |
| Common Stock | Employee Stock Option (right to buy) | Disposition | 2025-08-07 | 933 | $14.66 | 933 | $14.66 |
| Common Stock | Employee Stock Option (right to buy) | Disposition | 2025-08-07 | 52,676 | $14.66 | 52,676 | $14.66 |
| Common Stock | Employee Stock Option (right to buy) | Disposition | 2025-08-07 | 390 | $14.66 | 390 | $14.66 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 142,443 | 2031-11-05 | No | 4 | M | Direct | |
| 141,510 | 2031-11-05 | No | 4 | M | Direct | |
| 18,079 | 2031-11-05 | No | 4 | M | Direct | |
| 17,689 | 2031-11-05 | No | 4 | M | Direct |
Footnotes
- Includes shares acquired pursuant to the Company's Employee Stock Purchase Plan.
- 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.
- 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.
- 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.
- 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.
- 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.
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