Form 4: Katapult Director Donald Gayhardt Acquires 16,575 Shares Through Annual DSU Grant

Katapult Holdings, Inc. Director Donald Gayhardt acquired 16,575 shares of common stock at $9.05 per share on June 4, 2025, as part of an annual deferred restricted stock unit grant.

Summary

• Donald Gayhardt, a Director of Katapult Holdings, Inc. (KPLT), acquired 16,575 shares of common stock on June 4, 2025.
• The acquisition was an annual grant of deferred restricted stock units (DSUs) for his service as a director.
• The DSUs were granted at a price of $9.05 per share.
• These DSUs are scheduled to vest on the earlier of June 4, 2026, or the date of the Issuer's 2026 Annual Meeting of Stockholders, contingent upon Mr. Gayhardt's continued service as a director.
• Following this transaction, Mr. Gayhardt beneficially owns 41,481 shares of Katapult Holdings, Inc. common stock.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director, even through a routine DSU grant, generally indicates continued alignment of interests with shareholders and confidence in the company's future, contributing to a moderately positive sentiment.

Positives

• The acquisition of shares by a director, even through a DSU grant, aligns management's interests with those of shareholders, potentially indicating confidence in the company's long-term prospects.
• The grant is part of a standard compensation package for directors, ensuring continued engagement and commitment from key personnel.

Future Outlook

The acquired deferred restricted stock units (DSUs) are subject to vesting on the earlier of June 4, 2026, or the date of Katapult's 2026 Annual Meeting of Stockholders, provided the reporting person continues service as a director.

Industry Context

SEC Form 4 filings are standard disclosures for insider transactions, providing transparency into changes in beneficial ownership by company directors, officers, and significant shareholders. The grant of deferred restricted stock units (DSUs) is a common form of equity-based compensation for directors across various industries, designed to align their long-term interests with those of the company's shareholders.

Comparison to Industry Standards

• The use of Deferred Restricted Stock Units (DSUs) as a form of director compensation is a widely adopted practice across publicly traded companies, including those in the financial technology and e-commerce sectors, such as Affirm Holdings (AFRM) or Sezzle (SZL), as it ties director incentives directly to stock performance and long-term company value.
• The vesting schedule, contingent on continued service, is also a standard feature of such grants, ensuring retention and ongoing commitment from board members.
• The reported transaction is consistent with typical annual equity grants for non-employee directors, reflecting established corporate governance practices.

Stakeholder Impact

• Shareholders: The DSU grant aligns the director's financial interests with those of the shareholders, potentially fostering decisions that enhance long-term shareholder value.

Next Steps

• The deferred restricted stock units (DSUs) are expected to vest on the earlier of June 4, 2026, or the date of the Issuer's 2026 Annual Meeting of Stockholders, subject to continued service.

Key Dates

Recommendation

Keywords

Katapult Holdings, KPLT, Donald Gayhardt, Form 4, SEC filing, insider transaction, deferred restricted stock units, DSU grant, director compensation, beneficial ownership