Katapult (KPLT) CEO Orlando Zayas Withholds 3,096 Shares for Taxes

What Happened
Orlando Zayas, CEO of Katapult Holdings (KPLT), had 3,096 shares withheld on 2026-02-15 to satisfy tax liabilities related to vested RSUs. The shares were recorded as disposed at $6.51 per share for a value of approximately $20,155. This was a tax-withholding event (transaction code F), not an open-market sale.

Key Details

• Transaction date and price: 2026-02-15 — 3,096 shares @ $6.51 (total ~$20,155).
• Filing date: Form 4 filed 2026-03-06 (appears late — ~19 days after the transaction; insiders normally must file within two business days).
• Shares owned after transaction: not specified in the supplied filing.
• Footnotes: F1–F3 describe prior RSU grants (2022, 2023, 2024) and vesting schedules (post-2023 1-for-25 reverse split reduced grant counts). F4 states the reported shares were withheld to pay taxes on those RSU awards.
• Transaction code meaning: F = payment of exercise price or tax liability (here, tax withholding).

Context
Withholding shares to cover taxes is a routine, administrative action when RSUs vest (a form of cashless/cancelled shares to meet tax obligations) and should not be interpreted as an active sale indicating CEO sentiment. The late filing is a reporting/timeliness issue and does not change the nature of the underlying withholding event.