OPENLANE (NYSE: KAR) EVP exercises options, sells 19,763 shares

Q: How many OPENLANE (KAR) shares did Charles S. Coleman sell and at what price?

Coleman sold 19,763 shares of OPENLANE common stock. The shares were sold in multiple open-market transactions at a weighted average price of $35.86 per share, with individual trade prices ranging between $35.81 and $35.98 per share.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

OPENLANE, Inc. executive Charles S. Coleman reported an exercise-and-sale of company stock. On May 6, 2026, he exercised options to acquire 19,763 shares of common stock at $13.81 per share and then sold the same 19,763 shares in open-market transactions at a weighted average price of $35.86 per share, with individual sale prices ranging from $35.81 to $35.98. After these transactions, he directly holds 74,334 shares of OPENLANE common stock.

Insider Trade Summary

Net Seller: 19,763 shares ($708,701)

Net Sell 3 txns

Insider Coleman Charles S.

Role EVP, CLO & Secretary

Sold 19,763 shs ($709K)

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (right to buy)	19,763	$13.81	$273K
Exercise	Common Stock	19,763	$13.81	$273K
Sale	Common Stock	19,763	$35.86	$709K

Holdings After Transaction: Employee Stock Option (right to buy) — 19,763 shares (Direct, null); Common Stock — 94,097 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 $35.81 to $35.98 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 March 4, 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, $18.81, $23.81, $28.81, and $33.81, for twenty consecutive trading days, subject to continued employment through such vesting date.

Key Figures

Shares sold: 19,763 shares Weighted average sale price: $35.86 per share Option exercise price: $13.81 per share +2 more

5 metrics

Shares sold 19,763 shares Common stock sold on May 6, 2026

Weighted average sale price $35.86 per share Open-market sale range $35.81–$35.98

Option exercise price $13.81 per share Employee stock option exercise on May 6, 2026

Shares held after transaction 74,334 shares Directly owned common stock following transactions

Option shares exercised 19,763 shares Employee stock option (right to buy) underlying common shares

Key Terms

weighted average price, Employee Stock Option (right to buy), vest and become exercisable, closing price of the Company's common stock, +1 more

5 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 Option (right to buy) financial

"security_title: "Employee Stock Option (right to buy)""

vest and become exercisable financial

"become eligible to vest and become exercisable in equal 25% increments"

closing price of the Company's common stock financial

"the attainment of the closing price of the Company's common stock at or above"

twenty consecutive trading days financial

"for twenty consecutive trading days, subject to continued employment"

Form 4 Insider Transactions: What Each Field Means →

05/08/2026 - 01:47 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^*

Coleman Charles S.

(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, CLO & Secretary

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		M		19,763	A	$13.81	94,097	D
Common Stock	05/06/2026		S		19,763	D	$35.86⁽¹⁾	74,334	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)
Employee Stock Option (right to buy)	$13.81	05/06/2026		M			19,763	⁽²⁾	03/04/2031	Common Stock	19,763	$13.81	19,763	D

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 $35.81 to $35.98 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. These options were granted on March 4, 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, $18.81, $23.81, $28.81, and $33.81, for twenty consecutive trading days, subject to continued employment through such vesting date.

Remarks:

	Charles S. Coleman	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 insider transactions did OPENLANE (KAR) report for Charles S. Coleman?

Charles S. Coleman exercised and sold shares of OPENLANE stock. He exercised options for 19,763 common shares at $13.81 each, then sold all 19,763 shares in open-market trades at a weighted average price of $35.86 per share.

How many OPENLANE (KAR) shares did Charles S. Coleman sell and at what price?

Coleman sold 19,763 shares of OPENLANE common stock. The shares were sold in multiple open-market transactions at a weighted average price of $35.86 per share, with individual trade prices ranging between $35.81 and $35.98 per share.

What stock options did Charles S. Coleman exercise at OPENLANE (KAR)?

He exercised an employee stock option for 19,763 shares at $13.81. The option was granted on March 4, 2021 and vests in four 25% increments tied to stock price hurdles between $18.81 and $33.81 and continued employment.

How many OPENLANE (KAR) shares does Charles S. Coleman hold after these transactions?

After the reported transactions, Coleman directly holds 74,334 OPENLANE shares. This share count reflects his remaining common stock position after exercising options for 19,763 shares and selling those same 19,763 shares on May 6, 2026.

Were Charles S. Coleman’s OPENLANE (KAR) stock sales part of an open-market transaction?

Yes, the filing classifies the sale as an open-market transaction. The Form 4 describes the code “S” transaction as a sale in open market or private transaction, with a weighted average sale price of $35.86 per share over a tight price range.

What are the vesting conditions for Charles S. Coleman’s exercised OPENLANE (KAR) options?

The options vest in four 25% tranches based on time and price hurdles. Each tranche vests on the later of the first four anniversaries of March 4, 2021 and the stock closing above price targets between $18.81 and $33.81 for 20 consecutive trading days.