Do the Form 4 footnotes for OPENLANE (OPLN) explain the share price ranges?

Yes. Footnotes state that the reported prices are weighted averages . The 15,000 shares were sold in multiple trades within ranges of $34.93–$35.925 and $35.93–$36.085 , and the insider offers to provide exact breakdowns upon request to investors or regulators.

OPENLANE (KAR) EVP James P. Coyle sells 15,000 shares in open market

Q: What did OPENLANE (OPLN) executive James P. Coyle do in this Form 4?

James P. Coyle, EVP & President, Marketplace at OPENLANE , reported selling 15,000 shares of common stock in open-market transactions. The trades occurred on May 6, 2026 at weighted average prices around the mid-$30s, according to the filing’s transaction details and footnotes.

Q: How many OPENLANE (OPLN) shares did James P. Coyle sell and at what prices?

James P. Coyle sold 15,000 OPENLANE shares in total, split into two transactions. One block of 8,290 shares had a weighted average price of $35.57 , and another 6,710 shares had a weighted average price of $36.01 , with trades executed within stated price ranges.

Q: Were James P. Coyle’s OPENLANE (OPLN) stock sales open-market transactions?

Yes. Both transactions are coded “S” for open-market sale of common stock. The filing states that prices reported are weighted averages for multiple trades executed within defined price ranges, which is typical for larger orders filled across several market executions.

Q: Does this OPENLANE (OPLN) Form 4 involve derivative securities or option exercises?

No. The reported transactions involve common stock only , with no derivative entries listed. The derivativeSummary section is empty, and the transaction codes are both “S” for sales, indicating no option exercises, conversions, or other derivative events in this particular filing.

Q: Are any of James P. Coyle’s OPENLANE (OPLN) shares from an employee stock plan?

Yes, according to a footnote, his holdings include shares acquired through the company’s Employee Stock Purchase Plan . This indicates that some portion of his position comes from ongoing employee participation rather than only from grants or open-market purchases.

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

OPENLANE, Inc. executive James P. Coyle, EVP & President, Marketplace, sold a total of 15,000 shares of common stock in open-market transactions. The sales occurred on May 6, 2026 at weighted average prices of $35.57 and $36.01 per share, executed across multiple trades within disclosed price ranges.

Insights

OPENLANE EVP sells 15,000 shares in routine open-market trades.

EVP & President, Marketplace James P. Coyle executed two open-market sales totaling 15,000 shares of OPENLANE common stock on May 6, 2026, at weighted average prices of $35.57 and $36.01. Both are standard open-market sale transactions coded “S.”

The filing shows no option exercises, tax withholding, or derivative activity, and Coyle continues to hold a meaningful direct position according to the reported post-transaction share balances. With no additional context on company performance or unusual scale, this appears to be a routine liquidity event.

Because the event is limited to one executive’s stock sales and lacks broader financial data or guidance changes, it does not materially alter the company’s investment profile on its own.

Insider Trade Summary

Net Seller: 15,000 shares ($536,502)

Net Sell 2 txns

Insider Coyle James P

Role EVP & President, Marketplace

Sold 15,000 shs ($537K)

Type	Security	Shares	Price	Value
Sale	Common Stock	8,290	$35.57	$295K
Sale	Common Stock	6,710	$36.01	$242K

Holdings After Transaction: Common Stock — 65,222 shares (Direct, null)

Footnotes (1)

The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.930 to $35.925 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. 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 $35.930 to $36.085 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.

Key Figures

Total shares sold: 15,000 shares Weighted average price (first block): $35.57 per share Weighted average price (second block): $36.01 per share +2 more

5 metrics

Total shares sold 15,000 shares Common stock sold by EVP James P. Coyle on May 6, 2026

Weighted average price (first block) $35.57 per share Sale of 8,290 common shares coded S on May 6, 2026

Weighted average price (second block) $36.01 per share Sale of 6,710 common shares coded S on May 6, 2026

Price range for first sale block $34.93–$35.925 Multiple trades underlying first weighted average price per footnote

Price range for second sale block $35.93–$36.085 Multiple trades underlying second weighted average price per footnote

Key Terms

weighted average price, open-market sale, Employee Stock Purchase Plan, non-derivative

4 terms

weighted average price financial

"The price reported in column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

open-market sale financial

"transaction_action: "open-market sale" with transaction code S."

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Employee Stock Purchase Plan financial

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

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

non-derivative financial

"transaction_type: "non-derivative" for common stock transactions."

Form 4 Insider Transactions: What Each Field Means →

05/08/2026 - 02:01 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Coyle James P

(Last)

(First)

(Middle)

C/O: OPENLANE, INC.

11299 NORTH ILLINOIS STREET

(Street)

CARMEL

INDIANA

46032

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
OPENLANE, Inc. [ KAR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP & President, Marketplace

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/06/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/06/2026		S		8,290	D	$35.57⁽¹⁾	65,222⁽²⁾	D
Common Stock	05/06/2026		S		6,710	D	$36.01⁽³⁾	58,512	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.930 to $35.925 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.

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

3. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.930 to $36.085 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.

Remarks:

	Charles S. Coleman as Attorney-In-Fact	05/08/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did OPENLANE (OPLN) executive James P. Coyle do in this Form 4?

James P. Coyle, EVP & President, Marketplace at OPENLANE, reported selling 15,000 shares of common stock in open-market transactions. The trades occurred on May 6, 2026 at weighted average prices around the mid-$30s, according to the filing’s transaction details and footnotes.

How many OPENLANE (OPLN) shares did James P. Coyle sell and at what prices?

James P. Coyle sold 15,000 OPENLANE shares in total, split into two transactions. One block of 8,290 shares had a weighted average price of $35.57, and another 6,710 shares had a weighted average price of $36.01, with trades executed within stated price ranges.

Were James P. Coyle’s OPENLANE (OPLN) stock sales open-market transactions?

Yes. Both transactions are coded “S” for open-market sale of common stock. The filing states that prices reported are weighted averages for multiple trades executed within defined price ranges, which is typical for larger orders filled across several market executions.

Does this OPENLANE (OPLN) Form 4 involve derivative securities or option exercises?

No. The reported transactions involve common stock only, with no derivative entries listed. The derivativeSummary section is empty, and the transaction codes are both “S” for sales, indicating no option exercises, conversions, or other derivative events in this particular filing.

Are any of James P. Coyle’s OPENLANE (OPLN) shares from an employee stock plan?

Yes, according to a footnote, his holdings include shares acquired through the company’s Employee Stock Purchase Plan. This indicates that some portion of his position comes from ongoing employee participation rather than only from grants or open-market purchases.