Charles S. Coleman, EVP, Chief Legal Officer and Secretary of OPENLANE, Inc. (NYSE:OPLN), filed a Form 4 on November 9, 2026, disclosing option exercises and open-market sales of common stock on November 5 and 6, 2026.

Key Highlights

  • Four option exercises: Coleman exercised employee stock options covering a total of 38,496 shares across two transaction dates, at exercise prices of $13.81 and $18.23 per share.
  • Shares sold: Coleman disposed of 38,496 shares of common stock in total, 402 shares on November 5 and 38,094 shares on November 6, 2026.
  • Sale prices on November 5: 300 shares sold at a weighted average of $36.05 (range $36.00-$36.08) and 102 shares at a weighted average of $36.08 (range $36.00-$36.08), according to the filing.
  • Sale prices on November 6: 9,594 shares and 28,500 shares were each sold at a weighted average of $35.65 (range $35.50-$35.95), according to the filing.
  • Remaining beneficial ownership: Following all reported transactions, Coleman directly owned 74,334 shares of common stock.
  • Remaining options: Coleman held 58,409 options with a $18.23 exercise price expiring June 4, 2031, and 10,067 options with a $13.81 exercise price expiring March 4, 2031, after the transactions.

Coleman's Option Exercise and Sale Activity at OPENLANE

According to the Form 4 filed with the SEC, Coleman conducted a series of exercise-and-sell transactions on November 5 and 6, 2026. On November 5, he exercised 300 options granted on June 4, 2021, at an exercise price of $18.23, acquiring 300 shares of common stock, and separately exercised 102 options granted on March 4, 2021, at an exercise price of $13.81, acquiring 102 shares. Both share lots were sold the same day at weighted average prices of $36.05 and $36.08, respectively.

On November 6, Coleman exercised an additional 9,594 options at $13.81 per share and 28,500 options at $18.23 per share, then sold all resulting shares at a weighted average price of $35.65 per share. The filing notes that the November 6 sales occurred across multiple transactions ranging from $35.50 to $35.95 per share. The filing states that Coleman undertakes to provide full per-price detail to the issuer, any security holder, or SEC staff upon request.

The filing describes the vesting conditions for both option grants. The June 4, 2021 options vested in equal 25% increments, each tied to specified closing price thresholds of $23.23, $28.23, $33.23, and $38.23 for twenty consecutive trading days, in addition to anniversary and continued-employment conditions. The March 4, 2021 options carried analogous price thresholds of $18.81, $23.81, $28.81, and $33.81 for twenty consecutive trading days.

What Was Disclosed

Coleman disclosed the exercise of a combined 38,496 employee stock options at prices of $13.81 and $18.23, and the same-day sale of the resulting shares at weighted average prices between $35.65 and $36.08, leaving him with 74,334 shares held directly.