Form 4: Katapult Holdings COO Derek Medlin Reports Stock Transaction
SEC Form 4 Filing
Derek Medlin, Chief Operating Officer of Katapult Holdings, Inc., reported the withholding of shares for tax obligations related to vesting RSUs on March 15, 2024.
Summary
- On March 15, 2024, Derek Medlin, the Chief Operating Officer of Katapult Holdings, Inc., had 1,918 shares of common stock withheld to cover tax obligations.
- This transaction occurred due to the vesting of one-third of a Restricted Stock Unit (RSU) award originally granted on June 16, 2023.
- Following the transaction, Medlin directly owns 47,041 shares of Katapult Holdings, Inc.
Sentiment
Score: 5
Explanation: This Form 4 filing is a routine disclosure of a stock transaction related to executive compensation and does not inherently indicate positive or negative sentiment.
Industry Context
This is a routine filing related to executive compensation and is typical for publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders as it is a standard procedure for covering tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 06/16/2023 | Original grant date of the Restricted Stock Unit (RSU) award. |
| 03/15/2024 | Date of the transaction where shares were withheld for tax obligations. |
| 03/19/2024 | Date of signature for the Form 4 filing. |
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