Katapult Holdings (KPLT) revises chair's stake, adds 900K shares
Rhea-AI Filing Summary
Katapult Holdings, Inc. (KPLT) reported amended insider information for Executive Chairman Kyle Hanson. He reported an indirect acquisition of 900,308 common shares via a pro rata distribution to Hanson Enterprises International, LLC, noted as not a market sale, and a grant of 628,931 RSUs that vest over two years. The amendment also corrects a prior administrative error by stating Hanson does not beneficially own the previously reported 3,505,145 shares held by Hanson Enterprises International Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,529,239 shares
Net Buy
2 txns
Insider
Hanson Kyle
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1 | 900,308 | $0.00 | $0.00 |
| Grant/Award | Common Stock F2 | 628,931 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 900,308 shares (Indirect, Hanson Enterprises International, LLC);
Common Stock — 628,931 shares (Direct)
Footnotes (2)
- F1. Reflects a pro rata distribution from KMJ Group Holdings, LLC, a manager-managed Ohio limited liability company, of which the reporting person is a member. Not a market sale.
- F2. Reflects an award of restricted stock units pursuant ("RSUs") as part of the mergers of Aaron's Intermediate Holdco, Inc. and CCF Holdings, LLC with subsidiaries of the Issuer that will vest over two years, with 25% of the RSUs vesting on February 11, 2027, and the remaining RSUs vesting thereafter in three substantially equal semi-annual installments on the 11th of each of February and August of each year, subject to the Reporting Person's continued employment with the Issuer on each applicable vesting date.
Key Figures
Indirect shares acquired: 900,308 shares
RSU award: 628,931 RSUs
Previously misreported trust holdings: 3,505,145 shares
3 metrics
Indirect shares acquired
900,308 shares
Common stock received via pro rata distribution on 2026-08-11, held indirectly
RSU award
628,931 RSUs
Restricted stock units granted in connection with mergers, vesting over two years
Previously misreported trust holdings
3,505,145 shares
Shares in Hanson Enterprises International Trust that Hanson does not beneficially own
Key Terms
pro rata distribution, restricted stock units, beneficial ownership
3 terms
pro rata distribution financial
"Reflects a pro rata distribution from KMJ Group Holdings, LLC"
A pro rata distribution is when a company or organization shares out money, assets, or benefits evenly among all eligible people based on their size or share. For example, if a company makes a profit and distributes it to shareholders, each person gets a portion proportional to how many shares they own. It ensures everyone gets their fair part based on their ownership or stake.
restricted stock units financial
"Reflects an award of restricted stock units pursuant ("RSUs")"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
beneficial ownership financial
"Reporting Person previously reported beneficial ownership of 3,505,145 shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What insider ownership change did KPLT disclose for Kyle Hanson in this amended Form 4?
KPLT disclosed that Kyle Hanson is credited with an indirect acquisition of 900,308 common shares via a pro rata distribution and a grant of 628,931 RSUs, while correcting that he does not own 3,505,145 shares previously reported in a trust.
What RSU award did Kyle Hanson receive from Katapult (KPLT)?
Kyle Hanson received an award of 628,931 restricted stock units (RSUs) in connection with mergers involving Katapult. These RSUs will vest over two years, with 25% vesting on February 11, 2027 and the remainder in three semi-annual installments.
What prior reporting error is Katapult (KPLT) correcting about Kyle Hanson’s holdings?
The amendment states that Hanson was previously reported as beneficially owning 3,505,145 shares held by Hanson Enterprises International Trust due to an administrative error. It clarifies he does not beneficially own any securities held by that trust.
How will Kyle Hanson’s 628,931 KPLT RSUs vest over time?
The 628,931 RSUs will vest over two years: 25% on February 11, 2027, with the remaining units vesting in three substantially equal semi-annual installments each February 11 and August 11 thereafter, subject to continued employment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
