Katapult Holdings (KPLT) director granted 596,320 shares tied to phantom units

Rhea-AI Filing Summary

Heller Michael MH reported acquisition or exercise transactions in this Form 4 filing.

Katapult Holdings, Inc. director Michael MH Heller reported a Form 4 showing a grant or award of 596,320 shares of common stock, held directly, bringing his reported direct holdings to 596,320 shares. A footnote explains this reflects a right to receive shares in exchange for 18,447,791 phantom restricted units of CCF Holdings, LLC related to prior mergers, with the issuer’s stock closing at $8.00 per share on the mergers’ effective date.

Insider Trade Summary

Net Buyer: 596,320 shares

Net Buy 1 txn

Insider Heller Michael MH

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	596,320	--	--

Holdings After Transaction: Common Stock — 596,320 shares (Direct)

Footnotes (1)

1. F1. Reflects the right to receive shares of the Issuer's common stock in exchange for 18,447,791 phantom restricted units of CCF Holdings, LLC twelve months following the termination of the CCF Holdings, LLC 2021 management incentive plan in connection with the mergers of Aaron's Intermediate Holdco, Inc. and CCF Holdings, LLC into 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.

Key Figures

Shares acquired: 596,320 shares Shares owned after transaction: 596,320 shares Phantom restricted units: 18,447,791 units +1 more

4 metrics

Shares acquired 596,320 shares Grant, award, or other acquisition of common stock reported by director

Shares owned after transaction 596,320 shares Directly held common stock following the reported Form 4 transaction

Phantom restricted units 18,447,791 units CCF Holdings, LLC phantom restricted units referenced as exchange basis for shares

Closing stock price on mergers’ effective date $8.00 per share Katapult common stock closing price on effective date of the mergers

Key Terms

phantom restricted units, management incentive plan, Mergers

3 terms

phantom restricted units financial

"Reflects the right to receive shares ... in exchange for 18,447,791 phantom restricted units"

management incentive plan financial

"twelve months following the termination of the CCF Holdings, LLC 2021 management incentive plan"

A management incentive plan is a structured pay program that rewards company executives and senior managers when they meet specific goals, using cash bonuses, stock awards, or options. It matters to investors because it helps align leaders’ actions with shareholder interests—like tying a coach’s bonus to a team’s wins—while influencing retention, risk-taking and potential share dilution, all of which can affect company performance and stock value.

Mergers financial

"in connection with the mergers of Aaron's Intermediate Holdco, Inc. and CCF Holdings, LLC"

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 insider transaction did Katapult Holdings (KPLT) report for Michael MH Heller?

Katapult Holdings reported that director Michael MH Heller received a grant or award of 596,320 shares of common stock. Following this award, his directly held position reported in the filing is 596,320 shares of Katapult common stock.

How many Katapult (KPLT) shares does Michael MH Heller hold after this Form 4 transaction?

After the reported transaction, Michael MH Heller’s directly held stake is 596,320 shares of Katapult common stock. This figure comes from the Form 4’s “shares owned following transaction” field for the non-derivative common stock holding.

What is the nature of the 596,320-share acquisition reported for KPLT’s director?

The filing characterizes the 596,320-share acquisition as a “grant, award, or other acquisition” of common stock, coded as A on the Form 4. It is reported as a direct ownership position rather than an indirect or derivative holding.

How do phantom restricted units relate to the Katapult (KPLT) shares in this Form 4?

A footnote states the award reflects a right to receive Katapult common shares in exchange for 18,447,791 phantom restricted units of CCF Holdings, LLC. Settlement is described as occurring twelve months after termination of the CCF 2021 management incentive plan following the mergers.

Was the KPLT Form 4 transaction by Michael MH Heller under a Rule 10b5-1 trading plan?

The Form 4’s Rule 10b5-1 checkbox is not marked, and there is no footnote describing a trading plan. Based on the filing’s disclosures, this reported grant or award was not made pursuant to a Rule 10b5-1 plan.

What stock price reference is given in the KPLT Form 4 footnote?

The footnote notes that on the effective date of the mergers, the closing price of Katapult’s common stock was $8.00 per share. This price is provided as contextual information tied to the mergers referenced in the award description.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/12/2026 - 07:01 PM Accepted by SEC EDGAR 08/12/2026 - 07:00 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Heller Michael MH

(Last) (First) (Middle)

400 GALLERIA PARKWAY SE

SUITE 300

(Street)

ATLANTA GEORGIA 30339-3182

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Katapult Holdings, Inc. [ KPLT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/11/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/11/2026		A		596,320	A	(1)	596,320	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reflects the right to receive shares of the Issuer's common stock in exchange for 18,447,791 phantom restricted units of CCF Holdings, LLC twelve months following the termination of the CCF Holdings, LLC 2021 management incentive plan in connection with the mergers of Aaron's Intermediate Holdco, Inc. and CCF Holdings, LLC into 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.

	/s/ Ryan Wigdor, as attorney-in-fact for Michael Heller	08/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)