OPENLANE Converts Remaining Series A Convertible Preferred Shares to Common Stock

On June 2, 2026, OPENLANE, Inc. (NYSE: OPLN), a digital marketplace operator for wholesale used vehicles, announced that it has converted all of its remaining Class A convertible preferred shares into approximately 17 million shares of common stock. Following the conversion, the total number of common shares outstanding is approximately 123.1 million.