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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Name of Issuer)

(Title of Class of Securities)

(CUSIP Number)

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

X0202 SCHEDULE 13D/A 0001816546 XXXXXXXX LIVE 5 Common Stock, par value $0.01 per share 08/11/2026 false 0001395942 48238T109 OPENLANE, Inc. (f/k/a KAR Auction Services, Inc.) 11299 N. Illinois Street Suite 500 Carmel IN 46032 Roy Mackenzie (212) 753-6300 c/o Apax Partners US, LLC 601 Lexington Avenue, 58th Floor New York NY 10022 Ryerson Symons (212) 455-2000 Simpson Thacher & Bartlett LLP 425 Lexington Avenue New York NY 10017 Jakob Rendtorff (212) 455-2000 Simpson Thacher & Bartlett LLP 425 Lexington Avenue New York NY 10017 Keegan Lopez (212) 455-2000 Simpson Thacher & Bartlett LLP 425 Lexington Avenue New York NY 10017 Y Ignition Acquisition Holdings LP b AF N DE 0.00 8424728.00 0.00 8424728.00 8424728.00 N 6.9 PN 0001816546 N Ignition Acquisition Holdings GP LLC b AF N DE 0.00 8424728.00 0.00 8424728.00 8424728.00 N 6.9 OO Y Ignition Parent LP b AF N DE 0.00 8424728.00 0.00 8424728.00 8424728.00 N 6.9 PN Y Ignition GP LLC b OO N DE 0.00 8424728.00 0.00 8424728.00 8424728.00 N 6.9 OO Y Ignition Topco Ltd b OO N Y7 0.00 8424728.00 0.00 8424728.00 8424728.00 N 6.9 CO Y Apax X GP Co. Limited b OO N Y7 0.00 8424728.00 0.00 8424728.00 8424728.00 N 6.9 CO Y Apax Guernsey (Holdco) PCC Limited Apax X Cell b OO N Y7 0.00 8424728.00 0.00 8424728.00 8424728.00 N 6.9 OO Common Stock, par value $0.01 per share OPENLANE, Inc. (f/k/a KAR Auction Services, Inc.) 11299 N. Illinois Street Suite 500 Carmel IN 46032 This Amendment No. 5 ("Amendment No. 5") amends and supplements the Schedule 13D filed with the United States Securities and Exchange Commission (the "SEC") on July 2, 2020, as amended by Amendment No. 1 filed with the SEC on September 14, 2020, as amended by Amendment No. 2 filed with the SEC on September 11, 2025, as amended by Amendment No. 3 filed with the SEC on October 8, 2025, as amended by Amendment No. 4 filed with the SEC on June 1, 2026 (as so amended, the "Schedule 13D") with respect to the common stock, par value $0.01 per share ("Common Stock") of OPENLANE, Inc., a Delaware corporation (the "Issuer"). The Schedule 13D is filed jointly on behalf (i) Ignition Acquisition Holdings LP, (ii) Ignition Acquisition Holdings GP LLC, (iii) Ignition Parent LP, (iv) Ignition GP LLC, (v) Ignition Topco Ltd, (vi), Apax X GP Co. Limited, and (vii) Apax Guernsey (Holdco) PCC Limited Apax X Cell (collectively, the "Reporting Persons"). Capitalized terms used in this Amendment No. 5 but not otherwise defined herein have the meanings set forth in the Schedule 13D. Item 4 of the Schedule 13D is hereby amended and supplemented as follows: On August 11, 2026, Ignition Acquisition Holdings LP, as a selling stockholder, and the Issuer entered into an underwriting agreement (the "Underwriting Agreement") with BofA Securities, Inc. (the "Underwriter"), providing for the offer and sale of 8,000,000 shares of Common Stock by Ignition Acquisition Holdings LP in a secondary block trade (the "Offering"), and purchase by the Underwriter of the shares of Common Stock, at a price to Ignition Acquisition Holdings LP of $34.36 per share. The Offering closed on August 13, 2026. Pursuant to the Underwriting Agreement, Ignition Acquisition Holdings LP has entered into a lock-up agreement (the "Lock-Up Agreement") with the Underwriter pursuant to which it has agreed with the Underwriter, subject to customary exceptions, not to offer, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock, or any securities convertible into or exercisable or exchangeable for Common Stock, during the period from August 11, 2026 continuing through the date 45 days thereafter, except with the prior written consent of the Underwriter. The descriptions of the Underwriting Agreement and Lock-Up Agreement contained in this Item 4 are not intended to be complete and are qualified in their entirety by reference to the Underwriting Agreement and Form of Lock-Up Agreement, each of which is filed as an exhibit hereto and incorporated by reference herein. Items 5(a)-(c) of the Schedule 13D are hereby amended and restated as follows: Each of the Reporting Persons may be deemed to beneficially own the 8,424,728 shares of Common Stock held by Ignition Acquisition Holdings LP, representing 6.9% of the outstanding Common Stock (calculated based on 122,069,865 shares of Common Stock outstanding as of the closing of the Offering and related transactions, as reported in the prospectus supplement on Form 424B7 filed by the Issuer on August 13, 2026). See Item 5(a) above. Except as otherwise set forth herein, none of the Reporting Persons, or, to the best knowledge of the Reporting Persons, any other individual named in Item 2 has engaged in any transaction in Common Stock during the past 60 days. Item 6 of the Schedule 13D is hereby amended and supplemented as follows: The information set forth in Item 4 of the Schedule 13D is hereby incorporated by reference into this Item 6. Item 7 of the Schedule 13D is hereby amended and supplemented as follows: Exhibit Description Exhibit 7 Underwriting Agreement, dated August 11, 2026 among the Issuer, Ignition Acquisition Holdings LP, and BofA Securities, Inc. (Incorporated by reference to Exhibit 1.1 of the Issuer's Current Report on Form 8-K filed on August 13, 2026) Exhibit 8 Form of Lock-Up Agreement (Incorporated by reference to Exhibit A to Exhibit 1.1 of the Issuer's Current Report on Form 8-K filed on August 13, 2026) Ignition Acquisition Holdings LP /s/ Steven Kooyers Steven Kooyers, Treasurer and Secretary of Ignition Acquisition Holdings GP LLC, its general partner 08/13/2026 Ignition Acquisition Holdings GP LLC /s/ Steven Kooyers Steven Kooyers, Treasurer and Secretary 08/13/2026 Ignition Parent LP /s/ Steven Kooyers Steven Kooyers, Treasurer and Secretary of Ignition GP LLC, its general partner 08/13/2026 Ignition GP LLC /s/ Steven Kooyers Steven Kooyers, Treasurer and Secretary 08/13/2026 Ignition Topco Ltd /s/ Mark Babbe Mark Babbe, Director 08/13/2026 Apax X GP Co. Limited /s/ Jeremy Latham Jeremy Latham, Director 08/13/2026 Apax Guernsey (Holdco) PCC Limited Apax X Cell /s/ Simon March Simon March, Authorised Signatory for and on behalf of Apax Partners Guernsey Limited as Company Secretary to Apax Guernsey (Holdco) PCC Limited 08/13/2026