OPENLANE, Inc. (OPLN) major holder reports sale of 8,000,000 shares

Rhea-AI Filing Summary

Ignition Acquisition Holdings LP, a ten percent owner of OPENLANE, Inc., reported an indirect sale of 8,000,000 shares of Common Stock on 2026-08-13 at $34.36 per share. Following this transaction, Ignition Acquisition Holdings LP is reported as indirectly holding 8,424,728 shares. The shares are held through a multi‑entity structure involving several affiliated Ignition and Apax entities, which may be deemed to beneficially own the securities but generally disclaim beneficial ownership except to the extent of their pecuniary interest.

Insider Trade Summary

Net Seller: 8,000,000 shares

Net Sell 1 txn

Insider Ignition Acquisition Holdings LP, Ignition Acquisition Holdings GP LLC, Ignition Parent LP, Ignition GP LLC, Ignition Topco Ltd, Apax X GP Co. Ltd, Apax Guernsey (Holdco) PCC Ltd

Role 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner

Sold 8,000,000 shs ($274.88M)

Type	Security	Shares	Price	Value
Sale	Common Stock F1, F2	8,000,000	$34.36	$274.88M

Holdings After Transaction: Common Stock — 8,424,728 shares (Indirect, See Footnotes)

Footnotes (2)

1. F1. Reflects securities held directly by Ignition Acquisition Holdings LP. Ignition Acquisition Holdings GP LLC is the general partner of Ignition Acquisition Holdings LP. Ignition Parent LP is the sole member of Ignition Acquisition Holdings GP LLC. Ignition GP LLC is the general partner of Ignition Parent LP. Ignition Topco Ltd is the sole member of Ignition GP LLC. Apax X GP Co. Limited, in its capacity as investment manager of the Apax funds, controls 100% of the shares of Ignition Topco Ltd. Apax Guernsey (Holdco) PCC Limited Apax X Cell is the sole parent of Apax X GP Co. Limited.
2. F2. Each of the Reporting Persons may be deemed to beneficially own the securities beneficially owned by Ignition Acquisition Holdings LP directly or indirectly controlled by it, but each (other than Ignition Acquisition Holdings LP to the extent of its direct holdings) disclaims beneficial ownership of such shares, except to the extent of such Reporting Person's pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the Reporting Persons are the beneficial owners of any securities reported herein.

Key Figures

Shares Sold: 8,000,000 shares Sale Price: $34.36 per share Shares Held After Transaction: 8,424,728 shares +1 more

4 metrics

Shares Sold 8,000,000 shares Common Stock sold on 2026-08-13 by Ignition Acquisition Holdings LP

Sale Price $34.36 per share Price for the 8,000,000 Common Stock shares sold

Shares Held After Transaction 8,424,728 shares Indirect OPENLANE Common Stock holdings after the reported sale

Number of Reporting Persons 7 Ignition and Apax-affiliated entities listed as reporting persons

Key Terms

ten percent owner, beneficially own, pecuniary interest, general partner, +1 more

5 terms

ten percent owner regulatory

"name is marked as a ten percent owner of OPENLANE, Inc."

beneficially own regulatory

"Each of the Reporting Persons may be deemed to beneficially own the securities"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

pecuniary interest financial

"disclaims beneficial ownership of such shares, except to the extent of such Reporting Person's pecuniary interest"

general partner financial

"Ignition Acquisition Holdings GP LLC is the general partner of Ignition Acquisition Holdings LP"

A general partner is the person or firm that runs an investment partnership and legally represents it — they make the day-to-day decisions, choose which assets to buy or sell, and are responsible for the partnership’s obligations. Investors care because the general partner’s judgment, risk-taking and fee and profit-sharing arrangements determine both the potential returns and the level of exposure to losses; think of the GP as the ship’s captain whose skill and honesty shape the voyage’s outcome.

indirect ownership financial

"total_shares_following_transaction is reported with indirect ownership and See Footnotes"

FAQ

What insider transaction did OPENLANE, Inc. (OPLN) report in this Form 4?

OPENLANE, Inc. reported that Ignition Acquisition Holdings LP sold 8,000,000 shares of Common Stock on 2026-08-13 at a price of $34.36 per share, reducing but not eliminating its indirect ownership stake.

How many OPENLANE (OPLN) shares does Ignition Acquisition Holdings LP hold after the sale?

After the reported sale, Ignition Acquisition Holdings LP is shown as indirectly holding 8,424,728 shares of OPENLANE Common Stock. These holdings are reported as indirect and are held through a multi‑level ownership structure described in the filing footnotes.

Who is the primary holder involved in the OPENLANE (OPLN) Form 4 transaction?

The primary holder is Ignition Acquisition Holdings LP, which directly holds the reported shares. Various related Ignition and Apax entities are listed as reporting persons because they control Ignition Acquisition Holdings LP or its parents, subject to beneficial ownership disclaimers.

Was the OPENLANE (OPLN) insider sale made through direct or indirect ownership?

The reported sale of 8,000,000 OPENLANE shares was made from indirect ownership. The shares are held directly by Ignition Acquisition Holdings LP, with additional affiliated entities controlling that partnership as outlined in the ownership-structure footnote.

Do the reporting persons fully acknowledge beneficial ownership of the OPENLANE (OPLN) shares?

The reporting persons state they may be deemed to beneficially own the shares held by Ignition Acquisition Holdings LP but disclaim beneficial ownership, other than Ignition Acquisition Holdings LP itself and except to the extent of each reporting person’s pecuniary interest.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/13/2026 - 05:00 PM Accepted by SEC EDGAR 08/13/2026 - 05:00 PM Learn about SEC filing dates

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

X

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^*

Ignition Acquisition Holdings LP

(Last) (First) (Middle)

C/O APAX PARTNERS US LLC

601 LEXINGTON AVENUE, 58TH FLOOR

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/13/2026

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

	Form filed by One Reporting Person
X	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	08/13/2026		S		8,000,000	D	$34.36	8,424,728	I	See Footnotes(1)(2)

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

1. Name and Address of Reporting Person^*

Ignition Acquisition Holdings LP

(Last) (First) (Middle)

C/O APAX PARTNERS US LLC

601 LEXINGTON AVENUE, 58TH FLOOR

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Ignition Acquisition Holdings GP LLC

(Last) (First) (Middle)

C/O APAX PARTNERS US LLC

601 LEXINGTON AVENUE, 58TH FLOOR

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Ignition Parent LP

(Last) (First) (Middle)

C/O APAX PARTNERS US LLC

601 LEXINGTON AVENUE, 58TH FLOOR

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Ignition GP LLC

(Last) (First) (Middle)

C/O APAX PARTNERS US LLC

601 LEXINGTON AVENUE, 58TH FLOOR

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Ignition Topco Ltd

(Last) (First) (Middle)

P.O. BOX 656, EAST WING,

TRAFALGAR COURT LES BANQUES,

(Street)

ST. PETER PORT GUERNSEY GY1 3PP

(City) (State) (Zip)

GUERNSEY

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Apax X GP Co. Ltd

(Last) (First) (Middle)

THIRD FLOOR, ROYAL BANK PLACE,

1 GLATEGNY ESPLANADE,

(Street)

ST. PETER PORT GUERNSEY GY1 2HJ

(City) (State) (Zip)

GUERNSEY

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Apax Guernsey (Holdco) PCC Ltd

(Last) (First) (Middle)

THIRD FLOOR, ROYAL BANK PLACE,

1 GLATEGNY ESPLANADE,

(Street)

ST. PETER PORT GUERNSEY GY1 2HJ

(City) (State) (Zip)

GUERNSEY

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. Reflects securities held directly by Ignition Acquisition Holdings LP. Ignition Acquisition Holdings GP LLC is the general partner of Ignition Acquisition Holdings LP. Ignition Parent LP is the sole member of Ignition Acquisition Holdings GP LLC. Ignition GP LLC is the general partner of Ignition Parent LP. Ignition Topco Ltd is the sole member of Ignition GP LLC. Apax X GP Co. Limited, in its capacity as investment manager of the Apax funds, controls 100% of the shares of Ignition Topco Ltd. Apax Guernsey (Holdco) PCC Limited Apax X Cell is the sole parent of Apax X GP Co. Limited.

2. Each of the Reporting Persons may be deemed to beneficially own the securities beneficially owned by Ignition Acquisition Holdings LP directly or indirectly controlled by it, but each (other than Ignition Acquisition Holdings LP to the extent of its direct holdings) disclaims beneficial ownership of such shares, except to the extent of such Reporting Person's pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the Reporting Persons are the beneficial owners of any securities reported herein.

	IGNITION ACQUISITION HOLDINGS LP, By: Ignition Acquisition Holdings GP LLC, its general partner, By: /s/ Steven Kooyers, Name: Steven Kooyers, Title: Treasurer and Secretary	08/13/2026
	IGNITION ACQUISITION HOLDINGS GP LLC, By: /s/ Steven Kooyers, Name: Steven Kooyers, Title: Treasurer and Secretary	08/13/2026
	IGNITION PARENT LP, By: Ignition GP LLC, its general partner, By: /s/ Steven Kooyers, Name: Steven Kooyers, Title: Treasurer and Secretary	08/13/2026
	IGNITION GP LLC, By: /s/ Steven Kooyers, Name: Steven Kooyers, Title: Treasurer and Secretary	08/13/2026
	IGNITION TOPCO LTD, By: /s/ Mark Babbe, Name: Mark Babbe, Title: Director	08/13/2026
	APAX X GP CO. LIMITED, By: /s/ Jeremy Latham, Name: Jeremy Latham, Title: Director	08/13/2026
	APAX GUERNSEY (HOLDCO) PCC LIMITED APAX X CELL, By: /s/ Simon March, Name: Simon March, Title: Authorised Signatory for and on behalf of Apax Partners Guernsey Limited as Company Secretary to Apax Guernsey (Holdco) PCC Limited	08/13/2026
	** 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)