4//SEC Filing
Davis Justin T. 4
Accession 0001395942-23-000051
CIK 0001395942other
Filed
May 10, 8:00 PM ET
Accepted
May 11, 6:04 PM ET
Size
8.9 KB
Accession
0001395942-23-000051
Insider Transaction Report
Form 4
Davis Justin T.
President of BacklotCars
Transactions
- Exercise/Conversion
Common Stock
2023-05-09+15,000→ 422,502 total - Tax Payment
Common Stock
2023-05-09$15.09/sh−4,313$65,083→ 418,189 total - Exercise/Conversion
Restricted Stock Units
2023-05-09−15,000→ 30,000 total→ Common Stock (15,000 underlying)
Footnotes (4)
- [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, 2023.
- [F2]Shares withheld by the Company to satisfy tax withholding requirements.
- [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 May 9, 2023, one-third of these restricted stock units vest on May 9, 2024 and the remaining one-third of these restricted stock units vest on May 9, 2025, assuming continued employment through the applicable vesting date.
Documents
Issuer
KAR Auction Services, Inc.
CIK 0001395942
Entity typeother
Related Parties
1- filerCIK 0001866111
Filing Metadata
- Form type
- 4
- Filed
- May 10, 8:00 PM ET
- Accepted
- May 11, 6:04 PM ET
- Size
- 8.9 KB