SCHEDULE: Blue Owl Capital Discloses 12.76% Stake in Katapult

Blue Owl Capital Holdings LP has reported a 12.76% beneficial ownership stake in Katapult Holdings, Inc., primarily through warrants.

Summary

• Blue Owl Capital Holdings LP beneficially owns 667,685 shares of Katapult Holdings, Inc. Common Stock.
• This ownership represents 12.76% of Katapult Holdings, Inc.'s outstanding Common Stock.
• The reported securities consist of 5,421 shares of Common Stock and 662,264 shares issuable upon the exercise of warrants.
• The percentage of class is calculated based on 4,569,546 shares of Common Stock outstanding as of August 8, 2025, as reported in Katapult's 10-Q filed on August 13, 2025, plus the 662,264 shares from warrants.
• The filing is made under Rule 13d-1(b), indicating a passive investment not intended to change or influence control of the issuer.

Sentiment

Score: 7

Explanation: The disclosure of a significant passive stake by an institutional investor like Blue Owl Capital can be viewed positively by the market, indicating confidence in Katapult Holdings, Inc. However, the filing itself does not provide operational or financial performance updates, thus not warranting a higher score.

Positives

• A significant institutional investor, Blue Owl Capital Holdings LP, has disclosed a substantial stake (12.76%) in Katapult Holdings, Inc., which can be viewed as a vote of confidence in the company's long-term prospects.
• The investment is primarily through warrants, suggesting a strategic entry point and potential for future capital commitment upon exercise.

Future Outlook

The filing does not contain any forward-looking statements or guidance from Katapult Holdings, Inc. or Blue Owl Capital Holdings LP regarding future performance or strategic direction.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11." Karen Hager, Chief Compliance Officer, Blue Owl Capital Holdings LP.

Industry Context

Blue Owl Capital is a prominent alternative asset manager, and its investment in Katapult Holdings, Inc., a lease-to-own platform, highlights continued institutional interest in the fintech and consumer finance sectors. This type of passive investment by a large fund can signal confidence in the underlying business model and market opportunity within the industry.

Stakeholder Impact

• Shareholders: May view the significant institutional investment as a positive signal, potentially bolstering investor confidence and market perception of Katapult Holdings, Inc.

Key Dates

Recommendation

The filing indicates a significant passive investment by Blue Owl Capital Holdings LP, which could be interpreted as a vote of confidence in Katapult Holdings, Inc. However, as a Schedule 13G, it does not provide new operational or financial performance data to warrant a 'buy' or 'sell' recommendation. Existing investors might 'hold' based on this institutional backing, while new investors would require further fundamental analysis.

Keywords

Katapult Holdings, Blue Owl Capital, Schedule 13G, beneficial ownership, common stock, warrants, institutional investment, financial services, fintech, passive investment