Zayas Orlando 4
4 · Katapult Holdings, Inc. · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
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.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2][F3][F4]2026-02-15$6.51/sh−3,096$20,155→ 131,552 total
Footnotes (4)
- [F1]On March 15, 2022, the reporting person was granted 1,183,224 RSUs (which, following the Issuer's July 27, 2023 1-for-25 reverse stock split, resulted in 47,329 RSUs), 25% of which vested on March 15, 2023,with the remainder scheduled to vest thereafter in 12 quarterly installments on each of May 15, August 15, November 15 and February 15 subject to the reporting person's continued employment with the Issuer on each applicable vesting date (the "2022 Award").
- [F2]On June 16, 2023, the reporting person was granted 530,000 RSUs (which, following the Issuer's July 27, 2023 1-for-25 reverse stock split, resulted in 21,200RSUs), one-third of which vested on March 15, 2024, and the remainder scheduled to vest thereafter in eight quarterly installments on each of May 15, August 15, November 15 and February 15 subject to the reporting person's continued employment with the Issuer on each applicable vesting date (the "2023 Award").
- [F3]On May 6, 2024, the reporting person was granted 26,500 RSUs, one-third of which vested on March15, 2025, and the remainder scheduled to vest thereafter in eight quarterly installments on each of May 15, August 15, November 15 and February 15 subject to the reporting person's continued employment with theIssuer on each applicable vesting date (the "2024 Award").
- [F4]The shares reported in Column 4 are shares withheld for the payment of taxes associated with the 2022 Award, 2023 Award and 2024 Award.