Katapult Holdings (KPLT) director Orlando Zayas withholds and returns shares as he steps down as CEO
Rhea-AI Filing Summary
Katapult Holdings, Inc. director Orlando Zayas reported two dispositions of common stock on August 11, 2026. First, 2,608 shares were withheld at $8.00 per share to pay taxes tied to the acceleration and settlement of restricted stock units granted on May 6, 2024. He also disposed of 20,468 shares to the issuer for no consideration. On the same date, Zayas resigned as Chief Executive Officer but continues to serve as a director.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 23,076 shares
Net Sell
2 txns
Insider
Zayas Orlando
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1, F2 | 2,608 | $8.00 | $21K |
| Disposition | Common Stock | 20,468 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 107,608 shares (Direct)
Footnotes (2)
- F1. On August 11, 2026, the reporting person resigned as Chief Executive Officer of the issuer but will continue to serve as a director.
- F2. The shares reported in Column 4 are shares withheld for the payment of taxes associated with the acceleration and settlement of the reporting person's outstanding, unvested restricted stock units that were awarded on May 6, 2024.
Key Figures
Shares withheld for taxes: 2,608 shares
Withholding price per share: $8.00 per share
Shares disposed to issuer: 20,468 shares
+1 more
4 metrics
Shares withheld for taxes
2,608 shares
Withheld on August 11, 2026 to pay tax liability on accelerated RSU settlement
Withholding price per share
$8.00 per share
Value used for 2,608 shares withheld for tax payment
Shares disposed to issuer
20,468 shares
Disposition of common stock to Katapult Holdings, Inc. on August 11, 2026
ExercisePriceOrTaxLiabilityShares
2,608 shares
Total shares delivered or withheld for payment of tax liability in this filing
Key Terms
restricted stock units, Disposition to issuer, Payment of tax liability by delivering or withholding securities
3 terms
restricted stock units financial
"acceleration and settlement of the reporting person's outstanding, unvested restricted stock units"
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.
Disposition to issuer financial
"transaction_code_description: Disposition to issuer"
Payment of tax liability by delivering or withholding securities financial
"transaction_code_description: Payment of tax liability by delivering or withholding securities"
FAQ
What insider transactions did Katapult (KPLT) report for Orlando Zayas on August 11, 2026?
On August 11, 2026, Orlando Zayas reported two dispositions of Katapult common stock: 2,608 shares withheld at $8.00 per share for tax payments and a separate 20,468-share disposition to the issuer for no consideration.
Did Orlando Zayas change roles at Katapult (KPLT) in connection with these transactions?
Yes. On August 11, 2026, the same date as the reported transactions, Orlando Zayas resigned as Chief Executive Officer of Katapult Holdings, Inc. He will, however, continue to serve as a director of the company.
Were the Katapult (KPLT) insider transactions under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and no footnote states the transactions were made under a pre-arranged trading plan, so they are reported without an associated trading-plan designation.
AI-generated analysis. How Rhea-AI works. Not financial advice.