Katapult (KPLT) Director Lynn DeVault Receives 203,202-Share Award

What Happened

• Lynn DeVault, a director of Katapult Holdings, Inc. (KPLT), was reported to have acquired 203,202 shares on 2026-08-11 via an award/acquisition (transaction code A). The Form 4 lists the per-share price as N/A, but a filing footnote states these shares were issued in exchange for 6,286,289 Class D Preferred Units of CCF Holdings, LLC as part of the mergers, and the issuer's closing price on the effective date was $8.00 — valuing the shares at about $1.63 million.

Key Details

• Transaction date: 2026-08-11; Form 4 filed: 2026-08-12 (filed promptly).
• Transaction type: Award/Acquisition in connection with corporate mergers (code A).
• Shares acquired: 203,202; price on Form 4: N/A; implied valuation per footnote: $8.00/share → ≈ $1,625,616 total.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Important footnote: Shares were received in exchange for 6,286,289 Class D Preferred Units of CCF Holdings, LLC due to the mergers of Aaron's Intermediate Holdco, Inc. and CCF Holdings, LLC into Katapult.

Context

• This was not an open-market purchase but merger consideration — common in corporate combinations when equity is issued for prior ownership interests. Such issuances reflect deal mechanics rather than a direct buy/sell signal from the insider.