Katapult Holdings (KPLT) president logs major merger equity exchange and RSU grant
Rhea-AI Filing Summary
Katapult Holdings, Inc. president William C. Baker reported two equity-related transactions involving common stock. An entity associated with him, Penn River Ventures, LLC, received 1,268,047 shares indirectly in exchange for contributing 41.4 units of CCFI MIP Holdings LLC as part of mergers involving Aaron's Intermediate Holdco, Inc. and CCF Holdings, LLC; on the mergers’ effective date, the closing share price was $8.00. He also reported a disposition of 393,082 directly held shares at $0.00 per share in connection with an award of restricted stock units that will vest over two years, with 25% vesting on February 11, 2027 and the balance in three substantially equal semi-annual installments each February 11 and August 11, subject to continued employment.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 874,965 shares
Net Buy
2 txns
Insider
BAKER WILLIAM C
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 1,268,047 | -- | -- |
| Grant/Award | Common Stock F2 | 393,082 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 1,268,047 shares (Indirect, By Penn River Ventures, LLC);
Common Stock — 393,082 shares (Direct)
Footnotes (2)
- F1. Received in exchange for the contribution and assignment of 41.4 units of CCFI MIP Holdings LLC to the Issuer in exchange for shares of the Issuer's common stock in connection with the mergers of Aaron's Intermediate Holdco, Inc. and CCF Holdings, LLC with subsidiaries of the Issuer (the "Mergers"). On the effective date of the Mergers, the closing price of the Issuer's common stock was $8.00 per share.
- 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 into 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: 1,268,047 shares
Units contributed: 41.4 units
Closing share price on merger date: $8.00 per share
+3 more
6 metrics
Indirect shares acquired
1,268,047 shares
Common stock held indirectly by Penn River Ventures, LLC after merger-related exchange
Units contributed
41.4 units
Units of CCFI MIP Holdings LLC contributed in exchange for Katapult shares
Closing share price on merger date
$8.00 per share
Closing price of Katapult common stock on the effective date of the mergers
Direct shares disposed
393,082 shares
Common stock disposed of directly at $0.00 per share in connection with RSU award
RSU vesting start date
February 11, 2027
25% of RSUs vest on this date, subject to continued employment
RSU vesting schedule
3 semi-annual installments
Remaining RSUs vest in three substantially equal installments each February 11 and August 11
Key Terms
restricted stock units, indirect, nature of ownership, closing price, +1 more
5 terms
restricted stock units financial
"Reflects an award of restricted stock units pursuant ("RSUs") as part of the mergers"
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.
indirect financial
"total_shares_following_transaction 1268047.0000, direct_or_indirect "I""
nature of ownership financial
"direct_or_indirect "I", nature_of_ownership "By Penn River Ventures, LLC""
closing price financial
"On the effective date of the Mergers, the closing price of the Issuer's common stock was $8.00"
continued employment financial
"subject to the Reporting Person's continued employment with the Issuer on each applicable vesting date"
Continued employment means that an individual remains in their current job without interruption. For investors, it signals stability and ongoing work that can affect company performance and future prospects. Like a steady heartbeat for a business, sustained employment helps ensure consistent operations and financial health.
FAQ
What insider transactions did Katapult Holdings (KPLT) report for William C. Baker?
Katapult Holdings reported that William C. Baker, its president, indirectly acquired 1,268,047 shares via Penn River Ventures, LLC and disposed of 393,082 directly held shares at $0.00 per share, both tied to merger-related equity arrangements.
What restricted stock unit (RSU) award did Katapult (KPLT) grant to William C. Baker?
Katapult granted 393,082 RSUs to William C. Baker as part of the mergers. These RSUs vest over two years, starting with 25% on February 11, 2027, with remaining units vesting in three semi-annual installments, subject to continued employment.
When will William C. Baker’s RSUs in Katapult Holdings (KPLT) vest?
The RSUs will vest over two years: 25% on February 11, 2027, and the remaining 75% in three substantially equal semi-annual installments on each February 11 and August 11, contingent on continued employment with Katapult.
Were Katapult Holdings (KPLT) insider transactions under a Rule 10b5-1 plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed, meaning these transactions were not reported as executed under a pre-arranged 10b5-1 trading plan based on the form’s designation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
