Katapult (KPLT) CFO Russell Falkenstein Receives Awards

What Happened

• Russell Falkenstein, Chief Financial Officer of Katapult Holdings (KPLT), was granted two awards on 2026-08-11: 224,100 shares issued as consideration in connection with recent mergers, and 393,082 restricted stock units (RSUs) awarded as part of the transaction.
• The 224,100 shares were issued in exchange for the contribution/assignment of Class B units in Aaron’s MIP Holdings; the merger’s effective-date closing price was $8.00, implying those shares were worth roughly $1,792,800 on that date. The RSUs are reported with a $0.00 acquisition price (award) and represent future stock that will vest per the schedule below.

Key Details

• Transaction date: August 11, 2026 (Form 4 filed 2026-08-12 — timely).
• 224,100 shares received as merger consideration; effective-date closing price was $8.00 (≈ $1.79M).
• 393,082 RSUs awarded (reported with $0.00 price); potential value at $8.00 ≈ $3.14M if valued today.
• Vesting (per footnote): RSUs vest over two years — 25% on Feb 11, 2027, then the remainder in three substantially equal semi‑annual installments on the 11th of Feb and Aug each year, subject to continued employment.
• Filing codes: both entries reported as "A" (award/acquisition). The $0.00/“Disposed $0” notation in the filing relates to award reporting and not an open‑market sale.
• Shares owned after the transactions are not specified in the provided filing excerpt.

Context

• These were awards/merger consideration — not open‑market purchases or sales — so they reflect compensation/transactional consideration tied to the mergers rather than routine insider buying/selling.
• RSUs are time‑based and subject to continued employment; they do not represent immediately tradable shares until vested.