James Coyle sold $2.8M of Openlane stock

Filing context

• Quantities and prices are shown in the units filed. No trade value is inferred from their product.
• Coyle James P: EVP & President, Marketplace.
• F1: Includes shares acquired pursuant to the Company's Employee Stock Purchase Plan.
• F2: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.00 to $36.01 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
• F3: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.00 to $35.47 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
• F4: 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 November 8, 2026.
• F5: Shares withheld by the Company to satisfy tax withholding requirements.
• F6: These options were granted on November 5, 2021 and became eligible to vest and become exercisable in equal 25% increments, each upon the later of the occurrence of the first four anniversaries of the grant date, respectively, and the attainment of the closing price of the Company's common stock at or above, for each respective 25% increment, $19.66, $24.66, $29.66, and $34.66, for twenty consecutive trading days, subject to continued employment through such vesting date.
• F7: Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
• F8: 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 November 8, 2025, one-third of these restricted stock units vested on November 8, 2026 and the remaining one-third of these restricted stock units vest on November 8, 2027, assuming continued employment through the applicable vesting date.