Katapult Holdings (KPLT) chair Kyle Hanson gains over 4.4M shares and RSUs
Rhea-AI Filing Summary
Katapult Holdings, Inc. director and Executive Chairman Kyle Hanson reported several equity acquisitions involving common stock. An entity associated with him, Hanson Enterprises International Trust, received 3,505,145 shares in exchange for contributing 114.4 units of CCFI MIP Holdings LLC as part of mergers involving Aaron's Intermediate Holdco, Inc. and CCF Holdings, LLC; on the effective date of these mergers, the issuer’s stock closed at $8.00 per share. A related entity, Hanson Enterprises International, LLC, acquired 900,308 shares through a pro rata distribution from KMJ Group Holdings, LLC, which is explicitly described as not being a market sale. Separately, Hanson received a direct award of 628,931 restricted stock units that vest over two years, with 25% vesting on February 11, 2027 and the remainder vesting in three substantially equal semi-annual installments on each February 11 and August 11 thereafter, subject to continued employment.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 5,034,384 shares
Net Buy
3 txns
Insider
Hanson Kyle
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 3,505,145 | -- | -- |
| Other | Common Stock F2 | 900,308 | $0.00 | $0.00 |
| Grant/Award | Common Stock F3 | 628,931 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 3,505,145 shares (Indirect, By Hanson Enterprises International Trust);
Common Stock — 4,405,453 shares (Indirect, Hanson Enterprises International, LLC);
Common Stock — 628,931 shares (Direct)
Footnotes (3)
- F1. Received in exchange for the contribution and assignment of 114.4 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 a pro rata distribution from KMJ Group Holdings, LLC, a manager-managed Ohio limited liability company, of which the reporting person is a member. Not a market sale.
- F3. Reflects an award of restricted stock units pursuant ("RSUs") as part of the Mergers 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
Merger-related shares via trust: 3,505,145 shares
Indirect shares via LLC: 900,308 shares
Direct RSU award: 628,931 units
+4 more
7 metrics
Merger-related shares via trust
3,505,145 shares
Common stock received by Hanson Enterprises International Trust in exchange for 114.4 units of CCFI MIP Holdings LLC
Indirect shares via LLC
900,308 shares
Common stock held indirectly through Hanson Enterprises International, LLC after pro rata distribution
Direct RSU award
628,931 units
Restricted stock units awarded to Kyle Hanson as part of the mergers
Indirect holdings after LLC transaction
4,405,453 shares
Total common shares indirectly held after the 900,308-share acquisition by Hanson Enterprises International, LLC
Stock closing price on merger date
$8.00 per share
Closing price of Katapult common stock on the effective date of the mergers
Contributed CCFI MIP units
114.4 units
Units of CCFI MIP Holdings LLC contributed in exchange for 3,505,145 Katapult shares
Initial RSU vesting portion
25%
Portion of RSUs scheduled to vest on February 11, 2027, subject to continued employment
Key Terms
restricted stock units, pro rata distribution, manager-managed, semi-annual installments, +1 more
5 terms
restricted stock units financial
"Reflects an award of restricted stock units ("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.
pro rata distribution financial
"Reflects a pro rata distribution from KMJ Group Holdings, LLC"
A pro rata distribution is when a company or organization shares out money, assets, or benefits evenly among all eligible people based on their size or share. For example, if a company makes a profit and distributes it to shareholders, each person gets a portion proportional to how many shares they own. It ensures everyone gets their fair part based on their ownership or stake.
manager-managed financial
"KMJ Group Holdings, LLC, a manager-managed Ohio limited liability company"
semi-annual installments financial
"the remaining RSUs vesting thereafter in three substantially equal semi-annual installments"
Mergers financial
"as part of the Mergers that will vest over two years"
A merger is when two companies join to form a single business, combining their assets, operations and leadership much like two households moving into one home to share resources and cut duplicate costs. For investors, mergers matter because they can change a company's future profits and risk: successful mergers may boost growth and lower costs, while failed integrations can hurt earnings, alter share counts and shift stock prices.
FAQ
What did Kyle Hanson acquire in Katapult Holdings (KPLT) according to this Form 4?
Kyle Hanson reported acquiring 3,505,145 common shares indirectly via a trust, 900,308 shares indirectly via an LLC, and a direct award of 628,931 restricted stock units, all tied to merger-related transactions and equity awards.
What is the vesting schedule for Kyle Hanson’s 628,931 Katapult (KPLT) RSUs?
The 628,931 RSUs vest over two years: 25% on February 11, 2027, with the remaining units vesting in three substantially equal semi-annual installments on February 11 and August 11 each year, contingent on continued employment.
Were Kyle Hanson’s Katapult (KPLT) transactions market purchases or sales?
The filing describes a share exchange for merger consideration, a pro rata distribution explicitly noted as “not a market sale”, and a grant of restricted stock units, rather than open-market purchases or sales.
AI-generated analysis. How Rhea-AI works. Not financial advice.
