OPENLANE EVP sells shares after option exercise
OPENLANE, Inc. executive Charles S. Coleman reported an exercise-and-sale of company stock.
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Form Type
4
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
Exercise and Sale: 19,763 shares ($436K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Coleman Charles S.
Role
EVP, CLO & Secretary
Sold
19,763 shs ($709K)
Approx. gross sale proceeds
$709K
Approx. exercise cost
$273K
Approx. pre-tax spread
$436K
| 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 contracts (Direct);
Common Stock — 74,334 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. 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"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
