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Filed Pursuant to Rule 424(b)(7)

Registration No. 333-277249

PROSPECTUS SUPPLEMENT
(To prospectus dated February 22, 2024)

OPENLANE, Inc.

8,000,000 Shares of Common Stock

The selling stockholder (as defined herein) is offering 8,000,000 shares of our common stock, par value $0.01 per share. We will not receive any of the proceeds from the sale of shares of common stock by the selling stockholder. We will bear all expenses of the offering of common stock, except that the selling stockholder will pay any applicable underwriting fees, discounts or commissions and certain transfer taxes.

Our common stock is listed on the New York Stock Exchange under the symbol “OPLN.” On August 11, 2026, the last reported sale price of our common stock on The New York Stock Exchange (the “NYSE”) was $36.50 per share.

Subject to the completion of this offering, we intend to concurrently purchase from the underwriter, out of the aggregate of 8,000,000 shares of our common stock that are the subject of this offering, 727,590 shares of common stock. The price per share to be paid by us will equal the price at which the underwriter will purchase the shares from the selling stockholder in this offering. We refer to this repurchase of shares by us as the “Repurchase.” The underwriter will not receive any compensation for the shares of common stock being repurchased by us. The offering is not conditioned upon the completion of the Repurchase. Nothing in this prospectus supplement should be construed as an offer to sell, or the solicitation of an offer to buy, any shares of our common stock subject to the Repurchase. See “Recent Developments — Concurrent Stock Repurchase” and “The Repurchase.”

Investing in our common stock involves risks. See “Risk Factors” beginning on page S-4 of this prospectus supplement and the risk factors described in the documents that we file with the Securities and Exchange Commission that are incorporated herein by reference for a discussion of certain risks you should consider before deciding to invest in our common stock.

Neither the Securities and Exchange Commission (the “SEC”) nor any state securities commission has approved or disapproved of these securities or determined if this prospectus supplement is truthful and complete. Any representation to the contrary is a criminal offense.

The underwriter has agreed to purchase shares of our common stock from the selling stockholder at a price equal to $34.36 per share, which will result in approximately $274.9 million of proceeds to the selling stockholder, before expenses. The underwriter may offer our common stock purchased from the selling stockholder from time to time in one or more transactions on the NYSE, at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at negotiated prices. See “Underwriting” for a description of compensation payable to the underwriter.

The underwriter expects to deliver the shares against payment on or about August 13, 2026.

BofA Securities

The date of this prospectus supplement is August 11, 2026.

	Page
ABOUT THIS PROSPECTUS SUPPLEMENT		S-1
PROSPECTUS SUPPLEMENT SUMMARY		S-2
RISK FACTORS		S-4
FORWARD-LOOKING STATEMENTS		S-5
THE REPURCHASE		S-6
USE OF PROCEEDS		S-7
SELLING STOCKHOLDER		S-8
U.S. FEDERAL INCOME TAX CONSEQUENCES TO NON-U.S. HOLDERS OF OUR COMMON STOCK		S-9
UNDERWRITING		S-12
EXPERTS		S-19
LEGAL MATTERS		S-20
WHERE YOU CAN FIND MORE INFORMATION		S-21
INCORPORATION BY REFERENCE		S-22

	Page
ABOUT THIS PROSPECTUS		1
FORWARD-LOOKING STATEMENTS		2
OUR COMPANY		3
RISK FACTORS		4
USE OF PROCEEDS		10
SELLING STOCKHOLDERS		11
DESCRIPTION OF CAPITAL STOCK		13
PLAN OF DISTRIBUTION		19
UNITED STATES FEDERAL INCOME TAX CONSIDERATIONS		21
LEGAL MATTERS		27
EXPERTS		28
INCORPORATION BY REFERENCE		29
WHERE YOU CAN FIND MORE INFORMATION		30

	Shares of Common Stock Beneficially Owned Before the Completion of this Offering				Shares Being Sold by the Selling Stockholder in this Offering		Shares of Common Stock Beneficially Owned After Completion of this Offering and the Repurchase
Name of Selling Stockholder	Number		%				Number		%
Ignition Acquisition Holdings LP(1)		16,424,728		13.4%		8,000,000		8,424,728		6.9%

Name	Number of Shares
BofA Securities, Inc.		8,000,000
Total		8,000,000

	Series A Preferred Stock								Common Stock
Name of selling stockholder	Number of shares beneficially owned and offered hereby(1)		Percentage of shares beneficially owned		Number of shares owned after completion of the offering(2)		Percentage of shares beneficially owned after completion of the offering		Number of shares beneficially owned and offered hereby(1)		Percentage of shares beneficially owned		Number of shares owned after completion of the offering(2)		Percentage of shares beneficially owned after completion of the offering
Ignition Acquisition Holdings LP
Series A Preferred Stock(3)		576,645		90.91%		—		—		32,774,423		23.27%		—		—
Periphas Kanga Holdings, LP
Series A Preferred Stock(4)		57,660		9.09%		—		—		3,277,183		2.94%		—		—