Katapult (KPLT) CEO reports 868-share tax withholding from RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Katapult Holdings, Inc. Chief Executive Officer Orlando Zayas reported a routine tax-withholding disposition of 868 shares of common stock at $6.76 per share. These shares were withheld to pay taxes on previously granted restricted stock units from a 2024 equity award. Following this transaction, he directly holds 130,684 shares of Katapult common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Zayas Orlando
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 868 | $6.76 | $6K |
Holdings After Transaction:
Common Stock — 130,684 shares (Direct, null)
Footnotes (1)
- On May 6, 2024, the reporting person was granted 26,500 RSUs, one-third of which vested on March 15, 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 the Issuer on each applicable vesting date (the "2024 Award"). The shares reported in Column 4 are shares withheld for the payment of taxes associated with the 2024 Award.
Key Figures
Shares withheld for taxes: 868 shares
Withholding price per share: $6.76 per share
Shares held after transaction: 130,684 shares
+3 more
6 metrics
Shares withheld for taxes
868 shares
Tax-withholding disposition of common stock
Withholding price per share
$6.76 per share
Value used for tax-withholding shares
Shares held after transaction
130,684 shares
CEO direct common stock holdings post-transaction
2024 RSU grant size
26,500 RSUs
Restricted stock units granted May 6, 2024
Initial RSU vesting portion
One-third of 26,500 RSUs
Vested on March 15, 2025 under 2024 award
Remaining RSU vesting schedule
Eight quarterly installments
On May 15, August 15, November 15 and February 15
Key Terms
RSUs, vested, withheld for the payment of taxes, restricted stock units, +1 more
5 terms
RSUs financial
"the reporting person was granted 26,500 RSUs, one-third of which vested"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
vested financial
"one-third of which vested on March 15, 2025, and the remainder scheduled"
withheld for the payment of taxes financial
"The shares reported in Column 4 are shares withheld for the payment of taxes"
restricted stock units financial
"associated with the 2024 Award, a grant of restricted stock units"
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.
vesting date financial
"subject to the reporting person's continued employment with the Issuer on each applicable vesting date"
FAQ
What insider transaction did Katapult (KPLT) CEO Orlando Zayas report?
Katapult CEO Orlando Zayas reported a tax-withholding disposition of shares. The company withheld 868 common shares to cover taxes due on a previously granted restricted stock unit award, rather than an open-market sale initiated by the executive.
What is the background of the 2024 RSU award reported for Katapult (KPLT) CEO?
On May 6, 2024, the CEO was granted 26,500 restricted stock units. One-third vested on March 15, 2025, with the remaining units scheduled to vest in eight quarterly installments, contingent on continued employment with Katapult on each vesting date.
Is the Katapult (KPLT) CEO’s Form 4 transaction an open-market sale?
The transaction is not an open-market sale. The 868 shares of Katapult common stock were withheld by the company solely to pay taxes tied to vesting restricted stock units from the CEO’s 2024 equity award.