Katapult Holdings (KPLT) COO Derek Medlin resigns, ending Section 16 reports
Rhea-AI Filing Summary
Katapult Holdings, Inc. disclosed that its Chief Operating Officer, Derek Medlin, resigned from his officer role effective August 11, 2026. With this departure, he is no longer subject to Section 16 reporting requirements for Katapult equity securities and will not file further Forms 4 or 5 for his trades.
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Key Figures
COO resignation effective date: August 11, 2026
1 metrics
COO resignation effective date
August 11, 2026
Effective date of Derek Medlin’s resignation as Chief Operating Officer
Key Terms
Section 16, Form 4, equity securities
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.
equity securities financial
"transactions in the equity securities of the issuer"
Equity securities are financial instruments that represent ownership shares in a company, like owning a slice of a pie that gives you a claim on its assets and future profits. They matter to investors because ownership can provide returns through price appreciation and occasional profit distributions, and may include voting power to influence company decisions, so their value reflects the firm’s performance and investor expectations.
FAQ
What did Katapult Holdings (KPLT) report in this Form 4?
Katapult Holdings reported that Derek Medlin, its Chief Operating Officer, resigned effective August 11, 2026. As a result, he is no longer required to report transactions in Katapult equity securities on Form 4 or Form 5.
When did KPLT’s Chief Operating Officer Derek Medlin resign?
Derek Medlin’s resignation as Chief Operating Officer of Katapult Holdings became effective on August 11, 2026. After this effective date, he is not required to file further Section 16 reports for trades in Katapult equity securities.
Why will Derek Medlin no longer file Form 4 or Form 5 for KPLT?
He will no longer file because, after resigning as Chief Operating Officer effective August 11, 2026, he is no longer an officer subject to Section 16. Without Section 16 status, future trades in Katapult equity securities are not reportable on Form 4 or Form 5.
Does this KPLT Form 4 indicate any Rule 10b5-1 trading plan?
No. The filing shows the Rule 10b5-1 checkbox as not selected. Combined with the absence of transactions, there is no indication in this document of trading under a pre-arranged Rule 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
