Director at Katapult (KPLT) granted 20,979 RSUs vesting in 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Zink Gregory L reported acquisition or exercise transactions in this Form 4 filing.
Katapult Holdings director Gregory L. Zink received an equity grant of 20,979 shares of common stock in the form of restricted stock units. The grant is compensation for his service as a director and is priced at $7.15 per share for reporting purposes.
The RSUs vest on the earlier of April 30, 2027 or the company’s 2027 Annual Meeting of Stockholders, subject to his continued service on the board through that date. After this award, Zink directly holds 33,552 shares of Katapult common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Zink Gregory L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 20,979 | $7.15 | $150K |
Holdings After Transaction:
Common Stock — 33,552 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 20,979 shares
Reported grant price: $7.15 per share
Total holdings after grant: 33,552 shares
+1 more
4 metrics
RSU grant size
20,979 shares
Annual director grant reported on Form 4
Reported grant price
$7.15 per share
Reporting price for RSU award
Total holdings after grant
33,552 shares
Direct ownership following RSU award
Vesting date latest
April 30, 2027
Latest possible vesting date for RSUs
Key Terms
restricted stock units ("RSUs"), vest, Annual Meeting of Stockholders, continued service
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.
vest financial
"The RSUs vest on the earlier of (i) Apirl 30, 2027 and (ii) the date"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Annual Meeting of Stockholders financial
"the date of the Issuer's 2027 Annual Meeting of Stockholders"
continued service financial
"subject to the Reporting Person's continued service as a director"
FAQ
What insider transaction did Katapult (KPLT) director Gregory Zink report?
Gregory L. Zink reported receiving 20,979 restricted stock units of Katapult common stock as a director compensation grant. This is a non-cash equity award, reported at $7.15 per share, and increases his direct holdings to 33,552 shares after the transaction.
What are the vesting terms of Gregory Zink’s Katapult (KPLT) RSU grant?
The 20,979 restricted stock units vest on the earlier of April 30, 2027 or the date of Katapult’s 2027 Annual Meeting of Stockholders. Vesting is conditioned on Zink’s continued service as a director through that vesting date, meaning departure before then would affect the award.
Was Gregory Zink’s Katapult (KPLT) transaction a market purchase or sale?
The transaction was not a market purchase or sale. It was a grant of 20,979 restricted stock units as compensation for board service, coded as an “A” transaction on Form 4, which indicates an award or other acquisition rather than an open-market trade.
What price was used for Gregory Zink’s Katapult (KPLT) RSU grant?
The Form 4 reports the 20,979 restricted stock units at $7.15 per share. This figure is used for reporting and valuation purposes on the form and does not indicate that Zink paid cash to acquire the award, since it is a compensation grant.