{"url_path":"/sec/kplt/8-k/2026-08-11/item-404","section_key":"item-404","section_title":"Item 404 (a) of Regulation S-K.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-08-11","source_url":"https://www.sec.gov/Archives/edgar/data/1785424/0001104659-26-094116-index.html","accession_number":"0001104659-26-094116","cik":"0001785424","ticker":"KPLT","issuer_name":"Katapult Holdings, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1785424/0001104659-26-094116-index.html","primary_entity_key":"0001785424","primary_entity_name":"Katapult Holdings, Inc."},"word_count":827,"has_tables":true,"body_markdown":"Item 404(a) of Regulation S-K.\n\n \n\n**Indemnification Agreements**\n\n \n\nIn connection with their appointments, at the Closing,\neach of Katapult’s directors and executive officers entered into a form of indemnification agreement, which is attached to this\nCurrent Report on Form 8-K as Exhibit 10.13 and incorporated herein by reference.\n\n \n\n**Equity Award Grants**\n\n \n\nIn connection with the Closing, the Board\napproved equity award grants for each of Kyle Hanson, Cory Miller, Russell Falkenstein and William Baker (each, an “Executive”\nand collectively, the “Executives”) and certain other participants in\nthe form of restricted stock units (the “Equity Award Grants”) pursuant\nto the Katapult 2026 Equity Incentive Plan and the terms and conditions of Katapult’s form of Restricted Stock Unit Award\nAgreement (the “Award Agreement”).\n\n \n\nThe Equity Award Grants have a grant date\nvalue of $4.0 million for Mr. Hanson, $3.3 million for Mr. Miller and $2.5 million for each of Messrs. Falkenstein\nand Baker. The Equity Award Grants will vest over two years, with 25% of the restricted stock units vesting on February 11,\n2027, and the remaining restricted stock units vesting thereafter in three substantially equal semi-annual installments on the 11th\nof each of February and August of each year, subject to the Executive’s continued employment with Katapult. If the\nExecutive incurs an Involuntary Termination, the restricted stock units that would have become vested on the vesting date following\nsuch termination of employment shall vest. If the Executive incurs an Involuntary Termination or the Executive terminates his or her\nemployment for Good Reason, in each case, within the two-year period following the effective date of a Change in Control (each of\n“Involuntary Termination,” “Good Reason” and “Change in Control” as defined in the Severance\nPlan (as defined below)), the unvested portion of the restricted stock units shall become fully vested as of the date of such\ntermination of employment.\n\n \n\nThe foregoing description of the Equity Award Grants\ndoes not purport to be complete and is qualified in its entirety by reference to the form of Award Agreement, which is attached to this\nCurrent Report on Form 8-K as Exhibit 10.14 and incorporated herein by reference.\n\n \n\n**Executive Severance Pay Plan**\n\n \n\nIn connection with the Closing, the Board approved\nand adopted the Executive Severance Pay Plan of Katapult Holdings, Inc. (the “Severance Plan”), effective immediately.\n\n \n\nThe Severance Plan provides severance pay and benefits\nto each of the Executives and certain other designated key employees (each, a “Participant”) who experience an involuntary\ntermination of employment in order to attract and retain highly qualified employees.\n\n \n\n \n\n \n\n \n\nUnder the Severance Plan, if a Participant’s\nemployment is terminated by Katapult (or an affiliate employer) other than due to Cause (as defined in the Severance Plan), death or Disability\n(as defined in the Severance Plan) (an “Involuntary Termination”), the Participant will be entitled to receive the\nfollowing payments and benefits:\n\n \n\n·a cash severance payment equal to the Participant’s annual base salary,\npayable in substantially equal installments;\n\n \n\n·a lump sum cash payment equal to the Participant’s target annual bonus\nfor the year of termination; and\n\n \n\n·up to 12 months of COBRA continuation coverage.\n\n \n\nIf a Participant incurs an Involuntary\nTermination or the Participant terminates his or her employment for Good Reason (as defined in the Severance Plan), in each case,\nwithin the two-year period following the effective date of a Change in Control (as defined in the Severance Plan), the Participant\nwill be entitled to receive the following payments and benefits:\n\n \n\n·a cash severance payment equal to two times the sum of (i) the Participant’s\nannual base salary and (ii) the Participant’s target annual bonus for the year of termination, payable in substantially equal\ninstallments;\n\n \n\n·a lump sum cash payment equal to a pro-rated portion of Participant’s\ntarget annual bonus for the year of termination; and\n\n \n\n·up to 24 months of COBRA continuation coverage.\n\n \n\nPayment of the foregoing severance benefits is\nsubject to a Participant timely executing a release of claims against Katapult and its affiliates and the Participant’s compliance\nwith his or her restrictive covenant obligations. Katapult has reserved the right to amend, modify, terminate or discontinue the Severance\nPlan, provided that (i) no such actions may decrease the amount of severance pay awarded but not yet fully paid without the Participant’s\nconsent and (ii) no such actions that would have a material adverse effect on a Participant generally may be effective (a) until\nthe one-year anniversary of the date such action is adopted and (b) for the two-year period following the date of a Change in Control,\nin each case, unless the Participant provides written consent to such action.\n\n \n\nThe Severance Plan replaces in full and supersedes any other severance protections provided to any Participant, including, without limitation,\nany employment agreements or other plans.\n\n \n\nThe foregoing description of the Severance Plan\ndoes not purport to be complete and is qualified in its entirety by reference to the Severance Plan, which is attached to this Current\nReport on Form 8-K as Exhibit 10.15 and incorporated herein by reference."}