Walsh Nancy A 4
Research Summary
AI-generated summary
Katapult (KPLT) CFO Nancy Walsh Sells 2,492 Shares for Tax Withholding
What Happened
Nancy A. Walsh, Chief Financial Officer of Katapult Holdings, disposed of 2,492 shares on February 15, 2026 at $6.51 per share for a total value of $16,223. The disposition is reported under code F (payment of exercise price or tax liability), meaning the shares were withheld/sold to satisfy tax withholding on equity awards rather than an open-market investment sale.
Key Details
- Transaction date and price: Feb 15, 2026 — 2,492 shares at $6.51/share; proceeds (value) $16,223.
- Transaction code: F (shares withheld/disposed to cover tax liability).
- Shares owned after transaction: Not disclosed on this Form 4.
- Footnotes: The withheld shares relate to RSUs/PSUs granted in Jan 2023, June 2023 and May 2024 (see footnotes F1–F4). Footnote F4 explicitly states the reported shares were withheld to pay taxes associated with those awards.
- Filing timeliness: Form filed Mar 6, 2026 for a Feb 15, 2026 transaction (filed ~19 days after the transaction), which is later than the standard 2-business-day filing window for Form 4.
Context
This was a routine tax-withholding disposition tied to previously granted RSUs/PSUs (not an active open-market sale by the insider to raise funds). Such withholdings commonly occur when awards vest and the issuer or insider sells a portion of the shares to satisfy tax obligations.