Medlin Derek 4
4 · Katapult Holdings, Inc. · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
Katapult (KPLT) COO Derek Medlin Pays Taxes; 1,890 Shares Withheld
What Happened
Derek Medlin, COO of Katapult Holdings (KPLT), had 1,890 shares withheld on February 15, 2026 to satisfy tax withholding obligations tied to vested RSUs. The shares were valued at $6.51 each, for a total withholding value of approximately $12,304. This filing reports a disposition under code F (tax withholding), not an open-market sale.
Key Details
- Transaction date: February 15, 2026; Form 4 filed March 6, 2026.
- Withheld: 1,890 shares at $6.51 per share; total value ≈ $12,304.
- Transaction code: F (shares withheld to pay tax liability).
- Shares owned after transaction: not specified in the provided excerpt; see the full Form 4 for total beneficial ownership.
- Relevant footnotes: withholding relates to RSU awards granted in 2022, 2023 and 2024 (footnotes F1–F4) — the filing states the shares in Column 4 were withheld to pay taxes on those awards.
- Timing note: the Form 4 was filed ~19 days after the Feb 15 transaction (the typical Form 4 deadline is within two business days), so investors may wish to review the full filing for any timeliness disclosure.
Context
This is a routine tax-withholding event tied to RSU vesting (a non-cash disposition) and does not necessarily signal insider sentiment. Code F transactions are common when companies or insiders satisfy required tax withholding by retaining/sharing a portion of vested shares rather than selling shares on the open market.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2][F3][F4]2026-02-15$6.51/sh−1,890$12,304→ 53,921 total
Footnotes (4)
- [F1]On March 15, 2022, the reporting person was granted 592,946 RSUs (which, following the Issuer's July 27, 2023 1-for-25 reverse stock split, resulted in 23,718 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 385,000 RSUs (which, following the Issuer's July 27, 2023 1-for-25 reverse stock split, resulted in 15,400 RSUs), 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 20,000 RSUs, one-third of which vested on March 15, 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 the Issuer 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.