Amendment No. 3 to Schedule 13D for OPENLANE, Inc.

This Amendment No. 3 to Schedule 13D, filed on October 8, 2025, pertains to the common stock of OPENLANE, Inc. (formerly KAR Auction Services, Inc.). The amendment reports a significant transaction where OPENLANE, Inc. entered into a Repurchase Agreement with Ignition Acquisition Holdings LP on September 9, 2025. Under this agreement, OPENLANE, Inc. agreed to purchase 288,322 shares of Series A Preferred Stock from Ignition Acquisition Holdings LP for $482,431,500. The transaction closed on October 8, 2025. The Reporting Persons, including Ignition Acquisition Holdings LP and related entities, beneficially own 288,323 shares of Series A Preferred Stock, which are convertible into 16,243,541 shares of Common Stock, representing 13.3% of the outstanding Common Stock. The filing also includes updated ownership details and signatures from the Reporting Persons.