Apax sells 8M OPENLANE shares in secondary offering; company buys back 727,590

OPENLANE, Inc.

Selling stockholder (Apax) priced secondary offering of 8,000,000 OPLN shares; gross proceeds ~$274.9M.
Company received no proceeds; it purchased 727,590 shares at the same price paid by BofA Securities.
Offering closed August 13, 2026; underwriting agreement with BofA Securities dated August 11, 2026.
Company's buyback of 727,590 shares reduces outstanding share count slightly.

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