Charles S. Coleman, EVP, Chief Legal Officer and Secretary of OPENLANE, Inc. (NYSE:OPLN), filed a Form 4 on November 12, 2026, reporting stock option exercises and open-market sales of common stock on November 9 and 10, 2026.

Key Highlights

  • Options exercised: Coleman exercised employee stock options covering a combined 39,976 shares across two separate grants, at exercise prices of $18.23 and $13.81 per share.
  • Shares sold: Coleman disposed of a total of 39,976 shares of common stock across four sale transactions on November 9 and 10, 2026.
  • Sale prices on Nov. 9: 903 shares and 304 shares were each sold at a weighted average price of $35.01, in multiple transactions ranging from $35.00 to $35.03 per share.
  • Sale prices on Nov. 10: 29,006 shares and 9,763 shares were each sold at a weighted average price of $35.21, in multiple transactions ranging from $35.00 to $35.44 per share.
  • Remaining beneficial ownership: Following all reported transactions, Coleman directly owned 74,334 shares of common stock.
  • Options fully exhausted: Both the $18.23-exercise-price options (expiring June 4, 2031) and the $13.81-exercise-price options (expiring March 4, 2031) were reduced to 0 shares remaining after the November 10 exercises.

Coleman Exercises Two Option Grants and Sells All Resulting Shares

According to the filing, Coleman held employee stock options from two separate grants. The first was granted on June 4, 2021, with an exercise price of $18.23 per share, covering options on common stock expiring June 4, 2031. The second was granted on March 4, 2021, at an exercise price of $13.81 per share, expiring March 4, 2031. The filing states that both grants vested in equal 25% increments tied to both anniversary dates and stock price thresholds sustained over twenty consecutive trading days, subject to continued employment.

On November 9, 2026, Coleman exercised 903 options at $18.23 and 304 options at $13.81, acquiring those shares, then sold all 1,207 shares at a weighted average price of $35.01 per transaction set. On November 10, 2026, Coleman exercised the remaining 29,006 options at $18.23 and 9,763 options at $13.81, and sold all 38,769 resulting shares at a weighted average price of $35.21 per transaction set. After all transactions, the filing reports that Coleman directly held 74,334 shares of OPENLANE common stock and no remaining options under either grant.

The filing notes that the weighted average sale prices reflect multiple transactions within stated ranges, and that Coleman "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."

What Was Disclosed

The filing disclosed option exercises and resulting share sales by Coleman on November 9 and 10, 2026, covering 39,976 shares in total. Following the transactions, Coleman directly owned 74,334 shares and held no remaining options under either grant.