[Form 4] OPENLANE, Inc. Insider Trading Activity
Rhea-AI Filing Summary
OPENLANE, Inc. executive James P. Coyle, EVP & President, Marketplace, reported multiple equity transactions involving stock options, restricted stock units, and common shares. On February 20, 2026, he exercised employee stock options for 17,689 and 70,755 shares of common stock at an exercise price of $14.66 per share and received the underlying common stock directly.
That same day, he sold 17,689 common shares at a weighted average price of $28.85 and 70,755 common shares at a weighted average price of $28.82, in multiple transactions within disclosed price ranges, leaving 63,869 shares directly owned after these sales. On February 21, 2026, 16,730 restricted stock units vested and converted into common stock on a 1-for-1 basis, with 7,362 common shares withheld by the company to satisfy tax withholding requirements. After these transactions, he directly owned 73,237 common shares and 33,462 restricted stock units, some of which will vest over time through 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 16,730 | $0.00 | -- |
| Exercise | Common Stock | 16,730 | $0.00 | -- |
| Tax Withholding | Common Stock | 7,362 | $28.63 | $211K |
| Exercise | Employee Stock Option (right to buy) | 17,689 | $14.66 | $259K |
| Exercise | Employee Stock Option (right to buy) | 70,755 | $14.66 | $1.04M |
| Exercise | Common Stock | 17,689 | $14.66 | $259K |
| Sale | Common Stock | 17,689 | $28.85 | $510K |
| Exercise | Common Stock | 70,755 | $14.66 | $1.04M |
| Sale | Common Stock | 70,755 | $28.82 | $2.04M |
Footnotes (1)
- The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.72 to $28.96 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 $28.56 to $29.13 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. 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. Shares withheld by the Company to satisfy tax withholding requirements. Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis. 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. These options were granted on November 5, 2021 and vested and became exercisable in equal installments on each of the first four anniversaries of the grant date, and were subject to continued employment through such vesting date. 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.
