Fangqui Sun - Mar 15, 2022 Form 4 Insider Report for Katapult Holdings, Inc. (KPLT)

Role: Chief of Decision Science
Signature: /s/ By: Tahmineh Maloney, as Attorney-in-Fact for Fangqiu Sun
Stock symbol: KPLT
Transactions as of: Mar 15, 2022
Transactions value $: -$23,164
Form type: 4
Date filed: 3/17/2022, 07:49 PM
Previous filing: Dec 16, 2021
Next filing: May 18, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KPLT	Common Stock	Options Exercise	$0	+51.9K	+7.68%	$0.00	727K	Mar 15, 2022	Direct	F1
transaction	KPLT	Common Stock	Tax liability	-$23.2K	-12.4K	-1.7%	$1.87	715K	Mar 15, 2022	Direct	F2
transaction	KPLT	Common Stock	Award	$0	+267K	+37.33%	$0.00	982K	Mar 15, 2022	Direct	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	KPLT	Restricted Stock Units	Options Exercise	$0	-51.9K	-25%	$0.00	156K	Mar 15, 2022	Common Stock	51.9K		Direct	F1, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock units ("RSUs") convert into shares of the Issuer's Common Stock on a one-for-one basis. The transaction represents the settlement of vested RSUs in shares of the Issuer's Common Stock.
F2	Shares reported were withheld for the payment of taxes associated with the vesting of 25% of an award of RSUs originally granted on September 9, 2021.
F3	Restricted stock unit award that will vest over four years, with 25% of the RSUs vesting on March 15, 2023, and the remaining RSUs vesting in twelve substantially equal quarterly installments, subject to the Reporting Person's continued employment with the Issuer on each applicable vesting date.
F4	On September 9, 2021, the Reporting Person was granted RSUs, of which the remaining 155,661 unvested RSUs will vest in twelve substantially equal quarterly installments, subject to the Reporting Person's continued employment with the Issuer on each applicable vesting date.