Katapult Holdings (KPLT) director Donald Gayhardt exits board, ends Section 16 duty
Rhea-AI Filing Summary
Katapult Holdings, Inc. reported that director Donald Gayhardt resigned from the board effective August 11, 2026. Following this resignation, he is no longer subject to Section 16 reporting requirements for trades in Katapult equity securities and will not file future Forms 4 or 5 for such transactions.
Positive
- None.
Negative
- None.
Key Terms
Section 16, Form 4, Form 5
3 terms
Section 16 regulatory
"no longer subject to Section 16 in connection with his transactions"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
Form 4 regulatory
"will no longer report any such transactions on Form 4 or Form 5"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Form 5 regulatory
"will no longer report any such transactions on Form 4 or Form 5"
A Form 5 is an annual report filed with the U.S. securities regulator by company insiders—such as officers, directors and large shareholders—to disclose any equity transactions or holdings that were missed or deferred during the year. Think of it as an end-of-year ledger adjustment that shows final insider ownership and late-reported trades; investors use it to verify insider confidence, detect possible conflicts of interest, and spot unusual patterns in insiders’ buying or selling.
FAQ
What did Katapult Holdings (KPLT) disclose about Donald Gayhardt in this Form 4?
Katapult Holdings disclosed that director Donald Gayhardt resigned from the board effective August 11, 2026. As a result, he will no longer be subject to Section 16 reporting for trades in the company’s equity securities.
Are there any stock transactions reported for Donald Gayhardt in this KPLT Form 4?
No. The Form 4 for Donald Gayhardt reports no transactions in Katapult Holdings equity securities. It only notes his resignation as director and the resulting end of his Section 16 reporting obligations.
When did Donald Gayhardt’s resignation from Katapult Holdings (KPLT) become effective?
Donald Gayhardt’s resignation as a director of Katapult Holdings became effective on August 11, 2026. From that date forward, he is no longer required to file Section 16 reports for his trades in the company’s equity securities.
Will Donald Gayhardt continue filing Forms 4 or 5 for Katapult Holdings (KPLT)?
No. After resigning effective August 11, 2026, Donald Gayhardt is no longer subject to Section 16 in connection with his transactions in Katapult equity securities and therefore will not file additional Form 4 or Form 5 reports.
What does it mean that Donald Gayhardt is no longer subject to Section 16 for KPLT?
It means that, following his August 11, 2026 resignation as director, Donald Gayhardt is no longer treated as an insider under Section 16 for Katapult. His future trades in the company’s equity securities will not require Form 4 or Form 5 filings.
AI-generated analysis. How Rhea-AI works. Not financial advice.