Katapult (KPLT) director granted 20,979 RSUs as annual board compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bartow Philip K III reported acquisition or exercise transactions in this Form 4 filing.
Katapult Holdings, Inc. director Bartow Philip K III received an equity award of 20,979 shares of common stock as restricted stock units. The award is compensation for service as a director and was valued at $7.15 per share for reporting purposes. Following this grant, he directly holds 28,435 shares.
The RSUs vest on the earlier of April 30, 2027 or the date of Katapult’s 2027 Annual Meeting of Stockholders, provided he continues serving as a director through the vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bartow Philip K III
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 20,979 | $7.15 | $150K |
Holdings After Transaction:
Common Stock — 28,435 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 20,979 shares
Grant valuation price: $7.15 per share
Shares held after grant: 28,435 shares
+1 more
4 metrics
RSU grant size
20,979 shares
Annual director RSU grant on April 30, 2026
Grant valuation price
$7.15 per share
Value used for the RSU grant reporting
Shares held after grant
28,435 shares
Total direct holdings following the RSU award
RSU vesting date
Earlier of April 30, 2027 or 2027 annual meeting
Vesting condition tied to continued board service
Key Terms
restricted stock units ("RSUs"), Annual Meeting of Stockholders, vesting, grant, award, or other acquisition
4 terms
restricted stock units ("RSUs") financial
"Annual grant of restricted stock units ("RSUs") for service as a director"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Annual Meeting of Stockholders financial
"the date of the Issuer's 2027 Annual Meeting of Stockholders"
vesting financial
"The RSUs vest on the earlier of (i) Apirl 30, 2027 and (ii) the date"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What did Katapult (KPLT) director Bartow Philip K III report on this Form 4?
He reported an equity compensation grant of 20,979 restricted stock units, valued at $7.15 per share. The award increases his direct holdings to 28,435 common shares, reflecting routine director compensation rather than an open-market stock purchase or sale.
Is the Katapult (KPLT) Form 4 transaction a stock purchase or a compensation grant?
The transaction is a compensation-related grant, not an open-market purchase. Bartow Philip K III received 20,979 restricted stock units as an annual grant for board service, classified as a grant, award, or other acquisition under the Form 4 transaction code A.
When do the new RSUs for Katapult (KPLT) director Bartow Philip K III vest?
The RSUs vest on the earlier of April 30, 2027 or the date of Katapult’s 2027 Annual Meeting of Stockholders. Vesting requires his continued service as a director through the applicable vesting date under the grant’s stated conditions.
What does transaction code "A" mean in this Katapult (KPLT) Form 4?
Transaction code "A" indicates a grant, award, or other acquisition, generally tied to compensation. In this case, it represents an annual grant of 20,979 restricted stock units for Bartow Philip K III’s service as a director on Katapult’s board.