Bank of Montreal (OPLN) discloses 4.52% OPENLANE stake in Schedule 13G/A

Rhea-AI Filing Summary

Bank of Montreal and affiliates report a significant but sub-5% passive stake in OPENLANE, Inc. The group of reporting entities, including Bank of Montreal, 1001271606 ONTARIO INC, and Burgundy Asset Management, Inc., reports aggregate beneficial ownership of 4,797,217 shares of OPENLANE common stock, representing 4.52% of the class.

Bank of Montreal is listed with sole voting power over 3,432,536 shares and sole dispositive power over 4,784,321 shares3,410,420 shares and sole dispositive power over 4,774,577 shares. All reporting persons indicate no shared voting or dispositive power and describe their ownership as at or below five percent of the class, while also stating that they do not admit to being part of a group for Section 13(d) or 13(g) purposes.

Key Figures

Shares beneficially owned: 4,797,217 shares Percent of class: 4.52 % Bank of Montreal sole voting power: 3,432,536 shares +3 more

6 metrics

Shares beneficially owned 4,797,217 shares Aggregate beneficial ownership reported by Bank of Montreal and affiliates

Percent of class 4.52 % Portion of OPENLANE common stock beneficially owned

Bank of Montreal sole voting power 3,432,536 shares Shares over which Bank of Montreal alone may vote or direct the vote

Bank of Montreal sole dispositive power 4,784,321 shares Shares over which Bank of Montreal alone may dispose or direct disposition

Ontario/Burgundy sole voting power 3,410,420 shares Sole voting power reported by 1001271606 ONTARIO INC and Burgundy Asset Management, Inc.

Ontario/Burgundy sole dispositive power 4,774,577 shares Sole dispositive power reported by 1001271606 ONTARIO INC and Burgundy Asset Management, Inc.

Key Terms

beneficially owned, sole voting power, sole dispositive power, parent holding company, +1 more

5 terms

beneficially owned financial

"Item 4. | Ownership (a) | Amount beneficially owned: 4,797,217"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole voting power financial

"| 5 | Sole Voting Power 3,432,536.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

sole dispositive power financial

"7 | Sole Dispositive Power 4,784,321.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

parent holding company regulatory

"If a parent holding company has filed this schedule, pursuant to (ii)(G)"

Section 13(d) or 13(g) regulatory

"for the purposes of Section 13(d) or 13(g) of the Act"

FAQ

What stake in OPENLANE, Inc. (OPLN) does Bank of Montreal report?

Bank of Montreal and its affiliates report beneficial ownership of 4,797,217 OPENLANE shares, representing 4.52% of the common stock. This stake is disclosed on a Schedule 13G/A as a passive ownership position below five percent of the class.

How much voting power over OPENLANE (OPLN) shares does Bank of Montreal have?

Bank of Montreal reports sole voting power over 3,432,536 OPENLANE shares. It reports no shared voting power, meaning all reported voting authority resides solely with the listed entities rather than being jointly controlled with other parties.

What role do 1001271606 ONTARIO INC and Burgundy Asset Management have in OPLN ownership?

1001271606 ONTARIO INC and Burgundy Asset Management, Inc. each report sole voting power over 3,410,420 shares and sole dispositive power over 4,774,577 shares of OPENLANE. Both report no shared voting or dispositive power over the issuer’s common stock.

Does Bank of Montreal claim to be part of a group regarding OPENLANE (OPLN) shares?

The reporting persons state they may be deemed a group for Section 13(d) or 13(g) purposes but expressly declare that nothing in the statement is an admission they are acting as a partnership, syndicate, or other group regarding OPENLANE securities.

Is the Bank of Montreal position in OPENLANE (OPLN) above 5% of the class?

No. The filing states beneficial ownership of 4.52% of the class, and specifically notes ownership of 5 percent or less of OPENLANE’s common stock, placing the position below the 5% threshold.

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Available on EDGAR 08/12/2026 - 04:37 PM Accepted by SEC EDGAR 08/12/2026 - 04:36 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

OPENLANE, Inc.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

48238T109

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 48238T109

1

Names of Reporting Persons

Bank of Montreal

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CANADA (FEDERAL LEVEL)

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 3,432,536.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 4,784,321.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,797,585.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.52 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP Number(s): 48238T109

1

Names of Reporting Persons

BANK OF MONTREAL HOLDING INC.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CANADA (FEDERAL LEVEL)

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 7,175.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 7,175.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,175.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

BK

SCHEDULE 13G

CUSIP Number(s): 48238T109

1

Names of Reporting Persons

BMO NESBITT BURNS INC.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CANADA (FEDERAL LEVEL)

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 7,175.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 7,175.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,175.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

BD

SCHEDULE 13G

CUSIP Number(s): 48238T109

1

Names of Reporting Persons

BMO ASSET MANAGEMENT INC.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 7,175.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 7,175.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,175.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP Number(s): 48238T109

1

Names of Reporting Persons

BMO FINANCIAL CORP.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 14,941.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,569.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

15,833.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.01 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP Number(s): 48238T109

1

Names of Reporting Persons

BMO CAPITAL MARKETS CORP.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 300.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 300.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

300.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP Number(s): 48238T109

1

Names of Reporting Persons

BMO BANK N.A.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ILLINOIS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 14,641.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,269.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

15,533.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.01 %

12

Type of Reporting Person (See Instructions)

BK

SCHEDULE 13G

CUSIP Number(s): 48238T109

1

Names of Reporting Persons

1001271606 ONTARIO INC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CANADA (FEDERAL LEVEL)

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 3,410,420.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 4,774,577.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,774,577.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.5 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP Number(s): 48238T109

1

Names of Reporting Persons

Burgundy Asset Management, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CANADA (FEDERAL LEVEL)

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 3,410,420.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 4,774,577.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,774,577.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.5 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: OPENLANE, Inc.
(b)	Address of issuer's principal executive offices: 11299 N. ILLINOIS STREET, CARMEL, INDIANA 46032
Item 2.
(a)	Name of person filing: Bank of Montreal BANK OF MONTREAL HOLDING INC. BMO NESBITT BURNS INC. BMO ASSET MANAGEMENT INC. BMO FINANCIAL CORP. BMO CAPITAL MARKETS CORP. BMO BANK N.A. 1001271606 ONTARIO INC Burgundy Asset Management, Inc.
(b)	Address or principal business office or, if none, residence: 1 First Canadian Place Toronto, Ontario, Canada M5X1A1
(c)	Citizenship: Bank of Montreal - CANADA (FEDERAL LEVEL) BANK OF MONTREAL HOLDING INC. - CANADA (FEDERAL LEVEL) BMO NESBITT BURNS INC. - CANADA (FEDERAL LEVEL) BMO ASSET MANAGEMENT INC. - ONTARIO, CANADA BMO FINANCIAL CORP. - DELAWARE BMO CAPITAL MARKETS CORP. - DELAWARE BMO BANK N.A. - ILLINOIS 1001271606 ONTARIO INC - CANADA (FEDERAL LEVEL) Burgundy Asset Management, Inc. - CANADA (FEDERAL LEVEL)
(d)	Title of class of securities: Common Stock, par value $0.01 per share
(e)	CUSIP No.: 48238T109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 4,797,217
(b)	Percent of class: 4.52 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Bank of Montreal - 3,432,536 BANK OF MONTREAL HOLDING INC. - 7,175 BMO NESBITT BURNS INC. - 7,175 BMO ASSET MANAGEMENT INC. - 7,175 BMO FINANCIAL CORP. - 14,941 BMO CAPITAL MARKETS CORP. - 300 BMO BANK N.A. - 14,641 1001271606 ONTARIO INC - 3,410,420 Burgundy Asset Management, Inc. - 3,410,420
	(ii) Shared power to vote or to direct the vote: Bank of Montreal - 0 BANK OF MONTREAL HOLDING INC. - 0 BMO NESBITT BURNS INC. - 0 BMO ASSET MANAGEMENT INC. - 0 BMO FINANCIAL CORP. - 0 BMO CAPITAL MARKETS CORP. - 0 BMO BANK N.A. - 0 1001271606 ONTARIO INC - 0 Burgundy Asset Management, Inc. - 0
	(iii) Sole power to dispose or to direct the disposition of: Bank of Montreal - 4,784,321 BANK OF MONTREAL HOLDING INC. - 7,175 BMO NESBITT BURNS INC. - 7,175 BMO ASSET MANAGEMENT INC. - 7,175 BMO FINANCIAL CORP. - 2,569 BMO CAPITAL MARKETS CORP. - 300 BMO BANK N.A. - 2,269 1001271606 ONTARIO INC - 4,774,577 Burgundy Asset Management, Inc. - 4,774,577
	(iv) Shared power to dispose or to direct the disposition of: Bank of Montreal - 0 BANK OF MONTREAL HOLDING INC. - 0 BMO NESBITT BURNS INC. - 0 BMO ASSET MANAGEMENT INC. - 0 BMO FINANCIAL CORP. - 0 BMO CAPITAL MARKETS CORP. - 0 BMO BANK N.A. - 0 1001271606 ONTARIO INC - 0 Burgundy Asset Management, Inc. - 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Documents
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. Each reporting person may be deemed to be a member of a group with respect to the issuer or securities of the issuer for the purposes of Section 13(d) or 13(g) of the Act. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act) with any other person as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of the issuer or otherwise with respect to the issuer or any securities of the issuer or (ii) a member of any syndicate or group with respect to the issuer or any securities of the issuer.
Item 9.	Notice of Dissolution of Group.
	Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. Each reporting person may be deemed to be a member of a group with respect to the issuer or securities of the issuer for the purposes of Section 13(d) or 13(g) of the Act. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act) with any other person as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of the issuer or otherwise with respect to the issuer or any securities of the issuer or (ii) a member of any syndicate or group with respect to the issuer or any securities of the issuer.

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Bank of Montreal

Signature:	Kathryn Cenac
Name/Title:	Managing Director - Regulatory Solutions Group
Date:	08/12/2026

BANK OF MONTREAL HOLDING INC.

Signature:	Kathryn Cenac
Name/Title:	Managing Director - Regulatory Solutions Group
Date:	08/12/2026

BMO NESBITT BURNS INC.

Signature:	Kathryn Cenac
Name/Title:	Managing Director - Regulatory Solutions Group
Date:	08/12/2026

BMO ASSET MANAGEMENT INC.

Signature:	Kathryn Cenac
Name/Title:	Managing Director - Regulatory Solutions Group
Date:	08/12/2026

BMO FINANCIAL CORP.

Signature:	Kathryn Cenac
Name/Title:	Managing Director - Regulatory Solutions Group
Date:	08/12/2026

BMO CAPITAL MARKETS CORP.

Signature:	Kathryn Cenac
Name/Title:	Managing Director - Regulatory Solutions Group
Date:	08/12/2026

BMO BANK N.A.

Signature:	Kathryn Cenac
Name/Title:	Managing Director - Regulatory Solutions Group
Date:	08/12/2026

1001271606 ONTARIO INC

Signature:	Kathryn Cenac
Name/Title:	Managing Director - Regulatory Solutions Group
Date:	08/12/2026

Burgundy Asset Management, Inc.

Signature:	Kathryn Cenac
Name/Title:	Managing Director - Regulatory Solutions Group
Date:	08/12/2026