Donald Gayhardt - Jun 7, 2022 Form 4 Insider Report for Katapult Holdings, Inc. (KPLT)

Signature
/s/ By: Tahmineh Maloney, as Attorney-in-Fact for Don Gayhardt
Stock symbol
KPLT
Transactions as of
Jun 7, 2022
Transactions value $
$0
Form type
4
Date filed
6/9/2022, 09:26 PM
Previous filing
Mar 16, 2022
Next filing
Nov 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KPLT Common Stock Options Exercise $0 +23.8K $0.00 23.8K Jun 7, 2022 Direct F1
transaction KPLT Common Stock Award $0 +104K +437.51% $0.00 128K Jun 7, 2022 Direct F2

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 -23.8K -50% $0.00 23.8K Jun 7, 2022 Common Stock 23.8K Direct F1, F3
* 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 21,395 vested RSUs in shares of the Issuer's Common Stock and the deferral of settlement of 2,414 vested RSUs pursuant to the Reporting Person's election under the Issuer's Non-Employee Directors Deferred Compensation Plan.
F2 Annual grant of deferred restricted stock units ("DSUs") for service as a director of the Issuer. Each DSUs vests on the earlier of (i) June 7, 2023 and (ii) the date of the Issuer's 2023 Annual Meeting of Stockholders; subject to the Reporting Person's continued service as a director of the Issuer through the vesting date, and represents a contingent right to receive one share of the Issuer's common stock.
F3 On September 9, 2021, the Reporting Person was granted RSUs, of which the remaining 23,810 unvested RSUs will vest on the earlier of (i) June 15, 2023 and (ii) the date of the Issuer's 2023 Annual Meeting of Stockholders; subject to the Reporting Person's continued service as a director of the Issuer through the vesting date. Settlement of the remaining 23,810 unvested RSUs will be deferred upon vesting pursuant to the Reporting Person's election under the Issuer's Non-Employee Directors Deferred Compensation Plan.