Form 4 for OPLN OPENLANE, Inc.

Accepted 2023-03-06 00:00:00 ET · period of report 2023-03-04 · accession 0001395942-23-000022 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2023-03-06	2023-03-04	OPLN	Davis Justin T.	Pres of BacklotCars	M - OptEx	$0.00	+4,526	409.0K	+1%	$0
D	2023-03-06	2023-03-04	OPLN	Davis Justin T.	Pres of BacklotCars	F - Tax	$14.19	-1,461	407.5K	-0.4%	-$20.7K
D	2023-03-06	2023-03-04	OPLN	Davis Justin T.	Pres of BacklotCars	M - OptEx	$0.00	-4,526	4,526	-50%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2023-03-04	M	A	4,526	$0.00	408,963	D	—	—	(F1) Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis. The restricted stock units vested in common stock on March 4, 2023.
2	Common	Common Stock	2023-03-04	F	D	1,461	$14.19	407,502	D	—	—
3	Derivative	Restricted Stock Units	2023-03-04	M	D	4,526	$0.00	4,526	D	— · — to —	4,526 Common Stock	(F3) Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis. (F4) These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: one-third of these restricted stock units vested on March 4, 2022, one-third of these restricted stock units vested on March 4, 2023 and the remaining one-third of these restricted stock units vest on March 4, 2024, assuming continued employment through the applicable vesting date.