SCHEDULE: Blumberg Capital Updates Stake in Katapult Holdings

Blumberg Capital III, L.P. and associated entities have updated their beneficial ownership filing for Katapult Holdings, Inc., reporting a 0.3% stake as of September 30, 2026.

Summary

• This filing is an amendment to a Schedule 13G, reporting changes in beneficial ownership of Katapult Holdings, Inc. common stock.
• The reporting persons are Blumberg Capital III, L.P. ('BC III'), Blumberg Capital Management III, L.L.C. ('BCM III'), and David J. Blumberg.
• As of September 30, 2026, the reporting persons collectively beneficially owned 258,632 shares, representing 0.3% of the class.
• This ownership includes 224,479 directly held shares and 34,153 'Earnout Shares' held by BC III.
• The Earnout Shares are subject to vesting based on stock price thresholds before June 9, 2027, and BC III has voting power but not dispositive power over them prior to vesting.
• BCM III is the general partner of BC III, and David J. Blumberg is the managing member of BCM III.
• BCM III and David J. Blumberg share voting and dispositive power over the shares held by BC III.
• The filing states that the reporting persons expressly disclaim status as a 'group'.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a neutral filing, primarily an update on beneficial ownership without significant new strategic or financial information.

Positives

• The reporting persons maintain a beneficial ownership stake, indicating continued interest in the company.
• The Earnout Shares represent potential future upside for BC III, contingent on stock price performance.

Negatives

• The reported ownership percentage (0.3%) is very small, suggesting a passive investment rather than an active or controlling stake.
• The Earnout Shares are subject to vesting conditions, meaning their ultimate ownership is not guaranteed.

Risks

• The Earnout Shares are subject to vesting upon the achievement of certain stock price-based thresholds prior to June 9, 2027, introducing uncertainty regarding their ultimate disposition.
• The filing does not provide specific details on the stock price thresholds for the Earnout Shares, making it difficult to assess the likelihood of vesting.

Future Outlook

The future outlook is tied to the vesting of the Earnout Shares, which depends on Katapult Holdings' stock price reaching certain thresholds before June 9, 2027. No other forward-looking financial guidance is provided in this filing.

Management Comments

• The Reporting Persons expressly disclaim status as a 'group' for purposes of this Schedule 13G/A.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are routine disclosures for institutional investors and typically do not signal major strategic shifts. The small ownership percentage suggests a passive investment approach within the fintech or e-commerce enablement sector.

Stakeholder Impact

• Shareholders: The filing indicates a very small, passive stake, which is unlikely to significantly impact share price or corporate control decisions.

Next Steps

• Monitoring the stock price performance of Katapult Holdings to determine if the Earnout Shares vest by June 9, 2027.

Key Dates

Keywords

Katapult Holdings, Beneficial Ownership, Schedule 13G, Blumberg Capital, Common Stock, Earnout Shares, Investment Update