Form 4: Openlane Inc. Executive Charles S. Coleman Reports Stock Transactions

Charles S. Coleman, EVP, CLO & Secretary of Openlane Inc., reports the vesting and conversion of restricted stock units into common stock, along with a transaction to cover tax obligations.

Summary

• On May 9, 2025, Charles S. Coleman, EVP, CLO & Secretary of Openlane Inc., had 15,000 restricted stock units vest and convert into common stock.
• These restricted stock units converted on a 1-for-1 basis.
• Following the conversion, 4,406 shares were withheld by the company to satisfy tax obligations at a price of $21.96 per share.
• After these transactions, Coleman directly owns 53,474.483 shares of Openlane Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, and does not inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency to investors regarding insider activity.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects the vesting of previously granted stock units.

Key Dates

Keywords

Openlane Inc., Charles S. Coleman, Form 4, Stock Transaction, Restricted Stock Units, Common Stock, Beneficial Ownership, Vesting, Tax Withholding