Form 4: Katapult Holdings Director Joyce Ann Phillips Reports Acquisition of Deferred Stock Units

Director Joyce Ann Phillips acquired 9,310 deferred restricted stock units (DSUs) of Katapult Holdings, Inc. on June 5, 2024, as part of an annual grant for her service as a director.

Summary

• On June 5, 2024, Joyce Ann Phillips, a director of Katapult Holdings, Inc., acquired 9,310 shares of common stock in the form of deferred restricted stock units (DSUs).
• These DSUs were granted as part of her annual compensation for serving as a director.
• The DSUs will vest on the earlier of June 5, 2025, or the date of the company's 2025 Annual Meeting of Stockholders, contingent upon her continued service as a director.
• Following the transaction, Phillips directly owns 27,960 shares of Katapult Holdings, Inc. common stock.
• A Power of Attorney was executed on May 30, 2024, granting certain individuals the authority to act on Phillips' behalf in matters related to SEC filings.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The filing reflects standard director compensation practices and aligns director interests with the company's performance.

Positives

• The acquisition of DSUs by a director signals continued alignment with the company's long-term interests.

Future Outlook

The DSUs 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 filing is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The acquisition of DSUs by a director can positively influence shareholder confidence by aligning management's interests with those of the shareholders.

Key Dates