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

Role
Chief Executive Officer
Signature
/s/ By: Tahmineh Maloney, as Attorney-in-Fact for Orlando Zayas
Stock symbol
KPLT
Transactions as of
Mar 15, 2022
Transactions value $
-$41,725
Form type
4
Date filed
3/17/2022, 07:50 PM
Previous filing
Sep 13, 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 +91.8K +5.88% $0.00 1.66M Mar 15, 2022 Direct F1
transaction KPLT Common Stock Tax liability -$41.7K -22.3K -1.35% $1.87 1.63M Mar 15, 2022 Direct F2
transaction KPLT Common Stock Award $0 +1.18M +72.47% $0.00 2.82M 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 -91.8K -25% $0.00 276K Mar 15, 2022 Common Stock 91.8K 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 275,532 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.