Katapult (KPLT) Exec Chairman Hanson Kyle Receives Stock Awards

What Happened

• Hanson Kyle, Executive Chairman and Director of Katapult Holdings, reported receiving a total of 5,034,384 shares on 2026-08-11 via three transactions: 3,505,145 shares in exchange related to the company mergers, 900,308 shares as a pro rata distribution, and 628,931 restricted stock units (RSUs). The 3,505,145-share exchange is noted with an $8.00 per-share closing price on the effective date of the mergers (implying ~ $28.0M for that tranche). The 900,308 and 628,931 shares are reported with $0.00 acquisition price (distribution and RSU award); the RSUs vest over two years per the filing.

Key Details

• Transaction date(s): August 11, 2026; Form 4 filed August 12, 2026 (filed promptly the next day).
• Share counts and reported prices:
  • 3,505,145 shares acquired in merger exchange (price N/A on form; footnote states $8.00 closing price on merger effective date ≈ $28,041,160).
  • 900,308 shares acquired as a pro rata distribution (reported price $0.00).
  • 628,931 RSUs awarded (reported price $0.00).
• Shares owned after transaction: not specified in the filing.
• Notable footnotes:
  • F1: 3,505,145 shares received in exchange for contributed units in connection with the mergers; closing price on the effective date was $8.00/share.
  • F2: 900,308-share pro rata distribution from KMJ Group Holdings, LLC (reporting person is a member) — not a market sale.
  • F3: 628,931 RSUs vest over two years: 25% vest on Feb 11, 2027; remaining vest in three substantially equal semi-annual installments on Feb and Aug 11 of each year thereafter, subject to continued employment.
• Filing timeliness: The Form 4 was filed the day after the reported transactions (no late filing indicated).

Context

• The largest tranche (3.505M shares) arose from the mergers and is valued in the filing by reference to the merger-close price ($8.00/share). The 900k distribution and RSU award were recorded at $0.00 acquisition price on the Form 4, which typically reflects non-cash transfers (distribution or grant) rather than an open-market purchase.
• RSUs are subject to vesting conditions; unvested RSUs do not represent immediately tradable shares until they vest and any applicable restrictions lapse.