Form 4: Katapult Holdings Director Donald Gayhardt Receives Deferred Stock Units

Director Donald Gayhardt received 9,310 deferred restricted stock units (DSUs) for service as a director, vesting on June 5, 2025, or the date of the 2025 Annual Meeting of Stockholders.

Summary

• On June 5, 2024, Donald Gayhardt, a director of Katapult Holdings, Inc. (KPLT), acquired 9,310 shares of Common Stock in the form of deferred restricted stock units (DSUs).
• These DSUs were granted as compensation for his service as a director.
• The DSUs will vest on the earlier of June 5, 2025, or the date of the Issuer's 2025 Annual Meeting of Stockholders, contingent upon his continued service as a director through the vesting date.
• Following this transaction, Gayhardt directly owns 24,906 shares of Katapult Holdings, Inc.
• A Power of Attorney was executed on May 28, 2024, granting certain individuals the authority to act on Gayhardt's behalf in matters related to SEC filings.

Sentiment

Score: 7

Explanation: The document reflects a routine grant of stock units to a director, which is generally viewed positively as it aligns interests. There are no indications of negative news or concerns.

Positives

• The grant of DSUs aligns the director's interests with those of the shareholders, incentivizing continued service and contribution to the company's success.

Future Outlook

The vesting of the DSUs is contingent upon the director's continued service, suggesting an expectation of ongoing involvement with the company.

Industry Context

Grants of stock and options to directors are a common practice to align their interests with those of shareholders and incentivize long-term value creation. This is a standard form 4 filing.

Stakeholder Impact

• Shareholders may view the grant of DSUs positively as it aligns the director's interests with the company's long-term performance.

Key Dates