Form 4: Openlane Inc. Executive Scott A. Anderson Reports Stock Transactions

Scott A. Anderson, Chief Accounting Officer of Openlane, Inc., reports the vesting and conversion of restricted stock units and shares withheld for tax obligations.

Summary

• On March 4, 2024, Scott A. Anderson, Chief Accounting Officer of Openlane, Inc., had restricted stock units vest and convert into 1,816 shares of common stock.
• These shares were acquired at a price of $0 per share as part of the vesting agreement.
• Following the transaction, Anderson directly owns 32,346.8271 shares of common stock, which includes shares acquired through the Employee Stock Purchase Plan.
• 474 shares were withheld by the company to satisfy tax obligations at a price of $16.02 per share.
• After the tax withholding, Anderson directly owns 31,872.8271 shares of common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing reflects routine compensation-related transactions.

Positives

• The vesting of restricted stock units indicates a reward for continued employment through the vesting period.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which is crucial for maintaining market confidence.

Key Dates