OPENLANE, Inc. (KAR) executive sells 6,500 shares in open-market trade

Rhea-AI Filing Summary

OPENLANE, Inc. executive Mitchell William Clyde, President of AFC, reported an open-market sale of 6,500 shares of common stock on May 14, 2026. The weighted average sale price was $36.04 per share, with individual trades executed between $36.03 and $36.07 per share. After this transaction, he directly holds 15,914 shares of OPENLANE common stock, which include shares acquired through the company’s Employee Stock Purchase Plan.

Insider Trade Summary

Net Seller: 6,500 shares ($234,260)

Net Sell 1 txn

Insider Mitchell William Clyde

Role President of AFC

Sold 6,500 shs ($234K)

Type	Security	Shares	Price	Value
Sale	Common Stock	6,500	$36.04	$234K

Holdings After Transaction: Common Stock — 15,914 shares (Direct, null)

Footnotes (1)

1. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.03 to $36.07 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.

Key Figures

Shares sold: 6,500 shares Weighted average sale price: $36.04 per share Sale price range: $36.03–$36.07 per share +1 more

4 metrics

Shares sold 6,500 shares Open-market sale on May 14, 2026

Weighted average sale price $36.04 per share Common stock sale

Sale price range $36.03–$36.07 per share Multiple trades within this range

Shares owned after transaction 15,914 shares Direct holdings after May 14, 2026 sale

Key Terms

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

3 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.

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.

open-market sale financial

"transaction_action": "open-market sale""

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.

Form 4 Insider Transactions: What Each Field Means →

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^*

Mitchell William Clyde

(Last) (First) (Middle)

C/O OPENLANE, INC.

11299 N ILLINOIS STREET, SUITE 500

(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)
	President of AFC

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/14/2026		S		6,500	D	$36.04(1)	15,914(2)	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

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 $36.03 to $36.07 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.

Remarks:

	Kristen Trout, as Attorney-In-Fact	05/15/2026
	** 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)

FAQ

What insider transaction did OPENLANE (KAR) report for Mitchell William Clyde?

Mitchell William Clyde reported selling 6,500 shares of OPENLANE common stock in an open-market transaction. This Form 4 filing shows a routine insider sale rather than a purchase or option exercise, giving visibility into his recent trading activity.

At what price did Mitchell William Clyde sell OPENLANE (KAR) shares?

He sold 6,500 OPENLANE shares at a weighted average price of $36.04 per share. According to the filing, individual sale prices ranged from $36.03 to $36.07, reflecting several trades executed within a narrow price band on the same date.

How many OPENLANE (KAR) shares does Mitchell William Clyde own after this sale?

Following the 6,500-share sale, Mitchell William Clyde directly holds 15,914 OPENLANE common shares. The filing notes that this balance includes shares acquired under the company’s Employee Stock Purchase Plan, reflecting his remaining equity stake after the reported transaction.

What does the weighted average price mean in this OPENLANE (KAR) Form 4?

The weighted average price of $36.04 reflects multiple trades executed between $36.03 and $36.07. Instead of listing each individual trade, the filing reports one blended price, and the insider offers to provide detailed trade-by-trade information upon request to investors or regulators.

Was the OPENLANE (KAR) insider sale a market transaction or part of a plan?

The Form 4 identifies the transaction as an open-market sale of common stock. It does not describe option exercises, gifts, or tax withholdings, and characterizes the activity as a straightforward sale rather than a derivative-related or restructuring transaction.