Katapult (KPLT) Director Orlando Zayas Sells 23,076 Shares

What Happened

• Orlando Zayas, a director (and who resigned as CEO effective Aug 11, 2026), disposed of a total of 23,076 Katapult (KPLT) shares on August 11, 2026. The filing shows 2,608 shares withheld to cover taxes at $8.00 each (cash value $20,864) and 20,468 shares surrendered to the issuer at $0.00. Overall cash proceeds reported: $20,864.

Key Details

• Transaction date: 2026-08-11; Form 4 filed: 2026-08-13 (timely within reporting window).
• Components: 2,608 shares (tax withholding) at $8.00/share; 20,468 shares disposition to issuer at $0.00.
• Total shares disposed: 23,076; cash received for the transaction: $20,864.
• Footnote: Shares were withheld to pay taxes related to acceleration and settlement of outstanding, unvested restricted stock units awarded May 6, 2024. Also noted the reporting person resigned as CEO on Aug 11, 2026 but remains a director.
• Shares owned after the transaction: not specified in the provided summary (refer to the full Form 4 for exact post-transaction holdings).

Context

• This was not an open-market sale for cash gain of the full block: most shares were surrendered/withheld in connection with RSU settlement (tax withholding and issuer disposition), a routine administrative outcome of vesting/acceleration rather than a discretionary market sell-off.
• For retail investors: tax-withholding and issuer-surrender transactions are common when RSUs vest and do not necessarily signal insider sentiment about the company.