Form 4: Katapult Holdings Director Christopher Masto Receives Stock Grant

Christopher Masto, a director at Katapult Holdings, received 9,310 shares of common stock as part of an annual restricted stock unit (RSU) grant for his service as a director.

Summary

• On June 5, 2024, Christopher Masto, a director at Katapult Holdings, Inc., acquired 9,310 shares of common stock.
• This acquisition was part of an annual grant of restricted stock units (RSUs) for his service as a director of the Issuer.
• The RSUs will vest on the earlier of June 5, 2025, or the date of the Issuer's 2025 Annual Meeting of Stockholders, contingent upon Masto's continued service as a director.
• Following the transaction, Masto directly owns 24,906 shares of Katapult Holdings, Inc.
• Masto has granted power of attorney to several individuals at Katapult Holdings, Inc. and Davis Polk & Wardwell, LLP, to handle SEC filings on his behalf.

Sentiment

Score: 6

Explanation: The document reflects a neutral sentiment as it reports a standard director compensation practice. It doesn't indicate any significant positive or negative events.

Positives

• The grant of RSUs to a director aligns their interests with the long-term performance of the company.
• Continued service as a director is required for vesting, incentivizing ongoing commitment.

Future Outlook

The RSUs will vest on the earlier of June 5, 2025, or the date of the Issuer's 2025 Annual Meeting of Stockholders, subject to the Reporting Person's continued service as a director of the Issuer through the vesting date.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the holdings and transactions of company insiders.

Comparison to Industry Standards

• Director compensation packages often include stock grants and RSU's to align incentives with shareholder value.
• The vesting schedule of the RSU's is typical, requiring continued service to earn the shares.

Stakeholder Impact

• The stock grant aligns the director's interests with those of the shareholders.
• The vesting requirements incentivize the director to remain committed to the company's success.

Key Dates