OPENLANE (OPLN) CEO Peter J. Kelly Buys $500K Stock

What Happened
Peter J. Kelly, CEO of OPENLANE, Inc. (OPLN), made an open-market purchase (code P) of 14,830.152 shares on August 24, 2026. The reported weighted-average price was $33.72 per share, for a total reported cost of $499,999. This was a purchase (insider buying) rather than a sale.

Key Details

• Transaction date: 2026-08-24; Form 4 filed: 2026-08-26 (filed timely).
• Transaction type: Purchase (code P), open market; aggregated shares: 14,830.152.
• Price: weighted-average $33.72/share; purchases occurred at prices ranging $33.6990 to $33.7200 per share (footnote F1).
• Total reported value: $499,999 (approximately $500K).
• Shares owned after transaction: Not reported in this Form 4.
• Footnote: The filing notes the $33.72 is a weighted average and the filer can provide the number of shares bought at each separate price on request. No 10b5-1 plan or tax-withholding notation is indicated.

Context
Insider purchases are often watched by investors as a sign management is adding to their stake, but filings do not state motivation. This transaction is a straightforward open-market buy; there is no indication of option exercise, gifting, or a planned (10b5-1) sale.