Katapult Holdings, Inc. Insider Trading Activity
Katapult Holdings CEO Orlando Zayas reported a tax-related share disposition.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Katapult Holdings CEO Orlando Zayas reported a tax-related share disposition. On February 15, he had 3,096 shares of Katapult common stock withheld at $6.51 per share to cover taxes tied to vested restricted stock units from prior equity awards.
These shares were withheld in connection with the 2022, 2023 and 2024 RSU awards rather than sold in the open market. After this withholding, Zayas directly owns 131,552 shares of Katapult common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 3,096 | $6.51 | $20K |
Footnotes (4)
- F1. On March 15, 2022, the reporting person was granted 1,183,224 RSUs (which, following the Issuer's July 27, 2023 1-for-25 reverse stock split, resulted in 47,329 RSUs), 25% of which vested on March 15, 2023,with the remainder scheduled to vest thereafter in 12 quarterly installments on each of May 15, August 15, November 15 and February 15 subject to the reporting person's continued employment with the Issuer on each applicable vesting date (the "2022 Award").
- F2. On June 16, 2023, the reporting person was granted 530,000 RSUs (which, following the Issuer's July 27, 2023 1-for-25 reverse stock split, resulted in 21,200RSUs), one-third of which vested on March 15, 2024, and the remainder scheduled to vest thereafter in eight quarterly installments on each of May 15, August 15, November 15 and February 15 subject to the reporting person's continued employment with the Issuer on each applicable vesting date (the "2023 Award").
- F3. On May 6, 2024, the reporting person was granted 26,500 RSUs, one-third of which vested on March15, 2025, and the remainder scheduled to vest thereafter in eight quarterly installments on each of May 15, August 15, November 15 and February 15 subject to the reporting person's continued employment with theIssuer on each applicable vesting date (the "2024 Award").
- F4. The shares reported in Column 4 are shares withheld for the payment of taxes associated with the 2022 Award, 2023 Award and 2024 Award.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Katapult (KPLT) CEO Orlando Zayas report?
Was the Katapult (KPLT) CEO’s Form 4 transaction an open-market sale?
What equity awards are linked to the Katapult (KPLT) CEO’s tax-withholding transaction?
What does transaction code “F” mean in the Katapult (KPLT) CEO’s Form 4?
Are the Katapult (KPLT) CEO’s RSU awards subject to continued employment?
AI-generated analysis. How Rhea-AI works. Not financial advice.