Form 4 for OPLN OPENLANE, Inc.
Accepted 2024-05-13 00:00:00 ET · period of report 2024-05-09 · accession 0001395942-24-000032 · 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 | 2024-05-13 | 2024-05-09 | OPLN | HALLETT JAMES P | Dir | F - Tax | $17.71 | -18.7K | 743.6K | -2% | -$330.7K |
| D | 2024-05-13 | 2024-05-09 | OPLN | HALLETT JAMES P | Dir | M - OptEx | $0.00 | +48.4K | 762.3K | +7% | $0 |
| D | 2024-05-13 | 2024-05-09 | OPLN | HALLETT JAMES P | Dir | M - OptEx | $0.00 | -48.4K | 48.4K | -50% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-05-09 | F | D | 18,672 | $17.71 | 743,641.87 | D | — | — | |
| 2 | Common | Common Stock | 2024-05-09 | M | A | 48,364 | $0.00 | 762,313.87 | 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 May 9, 2024. (F2) 11,032 of these shares were issued on June 2, 2023 to the reporting person as director fees pursuant to the KAR Auction Services, Inc. Amended and Restated 2009 Omnibus Stock and Incentive Plan. The 11,032 shares vest on June 2, 2024 and are subject to forfeiture until vested. All other shares are vested. |
| 3 | Derivative | Restricted Stock Units | 2024-05-09 | M | D | 48,364 | $0.00 | 48,364 | D | — · — to — | 48,364 Common Stock | (F4) Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis. (F5) 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 May 9, 2023, one-third of these restricted stock units vested on May 9, 2024 and the remaining one-third of these restricted stock units vest on May 9, 2025. |