Katapult (KPLT) 10% Owner HHCF Series 21 Sells 612,985 Shares

What Happened
HHCF Series 21 Sub, LLC, a reported 10% owner of Katapult Holdings, disposed of 612,985 shares of KPLT on August 11, 2026. The Form 4 lists the transaction as a sale/disposition (code S) with a reported price of $0.00 and aggregate proceeds of $0. The filing does not provide further explanation of the $0 price.

Key Details

• Transaction date: 2026-08-11 (reported on Form 4 filed 2026-08-13) — filing appears timely.
• Transaction type/code: Sale/Disposition (S); described as "open market or private sale" in the filing.
• Shares disposed: 612,985; reported price per share: $0.00; reported aggregate value: $0.
• Shares owned after transaction: Not specified in the portions provided.
• Footnote: HHCF Series 21 Sub, LLC is a wholly-owned subsidiary of Holdco, which is wholly owned by Hawthorn Horizon Credit Fund LLC; Lane Risser is sole manager of Hawthorn. Holdco, Hawthorn and Mr. Risser disclaim beneficial ownership except to the extent of any pecuniary interest.
• No 10b5-1 plan, tax-withholding, or other explanatory footnotes were provided in the excerpt.

Context

• This filing reports activity by a 10% institutional owner (an entity), not an individual executive. Institutional dispositions can reflect portfolio or fund-level actions rather than insider views on the company.
• The reported $0.00 price is unusual for an open-market sale; the Form 4 does not explain whether this reflects an internal transfer, correction, or other non-cash disposition.