Katapult (KPLT) Director Jennifer Baldock Receives 596,320 Shares

What Happened Jennifer A. Baldock, a director of Katapult Holdings, Inc. (KPLT), was reported as receiving an award of 596,320 shares on 2026-08-11 (transaction code A — grant/award). The Form 4 lists the per-share price as N/A, but a filing footnote states these shares reflect the right to receive stock in exchange for 18,447,791 phantom restricted units; the issuer's closing price on the effective merger date was $8.00, implying an approximate value of $4,770,560 at that date. This was an award/conversion tied to a corporate transaction, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-08-11; Form 4 filed 2026-08-12 (appears timely).
• Shares reported acquired: 596,320; filing lists price as N/A.
• Footnote: Represents right to receive shares in exchange for 18,447,791 phantom restricted units of CCF Holdings, LLC; closing price on the Mergers' effective date was $8.00/share.
• Implied value (based on $8.00): ≈ $4.77 million (not a reported sale price).
• Shares owned after transaction: not specified in the provided filing.
• Transaction type: Award/vesting/conversion (not a market buy or sale).

Context This award stems from the conversion of phantom restricted units related to the merger of Aaron's Intermediate Holdco, Inc. and CCF Holdings, LLC into Katapult. The footnote indicates the right to receive shares occurs twelve months following termination of the CCF Holdings, LLC 2021 management incentive plan, so actual receipt and realized value will depend on Katapult’s share price at that future time. For retail investors: such awards are generally compensation/merger-related and should be interpreted differently than open‑market insider purchases or sales.