Form 4: Katapult Holdings CEO Orlando Zayas Reports Stock Transaction
SEC Form 4 Filing
CEO of Katapult Holdings, Orlando Zayas, reports disposition of shares to cover tax obligations related to RSU vesting.
Summary
- On March 15, 2024, Orlando Zayas, the CEO of Katapult Holdings, Inc., disposed of 2,781 shares of common stock to cover tax obligations.
- The shares were withheld for the payment of taxes associated with the vesting of one-third of an award of RSUs originally granted on June 16, 2023.
- The transaction was reported on Form 4, filed with the SEC on March 19, 2024.
- Following the transaction, Zayas directly owns 125,319 shares of Katapult Holdings, Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine transaction related to tax obligations from vested equity compensation.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations from vested equity compensation, a common occurrence.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/16/2023 | Original grant date of the RSUs, one-third of which vested. |
| 03/15/2024 | Date of the stock transaction (disposal of shares). |
| 03/19/2024 | Date the Form 4 was signed. |
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