---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-025020"
form_type: "8-K"
ticker: "KPLT"
cik: "0001785424"
company_name: "Katapult Holdings, Inc."
filed_at: "2024-05-24T23:59:59+00:00"
generated_at: "2026-06-01T08:47:53.567113+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Katapult reaches $12M settlement in class action suits; amends CFO severance terms

## Summary
- Agreed to settle two class actions for $12M total ($8.5M cash + $3.5M stock/cash); accrued $12M liability previously.
- Settlement covers McIntosh v. Katapult (SDNY) and Saunders v. Einbinder (Del. Chancery); subject to court approval.
- Amended CFO Nancy Walsh's employment: severance upon termination in Change in Control increased to 2x base salary plus target bonus.
- COBRA subsidy extended to 18 months (from 12); Good Reason relocation threshold reduced to 30 miles (from 50).
- No admission of liability; company had $5M insurance receivable already recorded.

## SEC filing metadata
- accession: 0001628280-24-025020
- form_type: 8-K
- ticker: KPLT
- cik: 0001785424
- company_name: Katapult Holdings, Inc.
- filed_at: 2024-05-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1785424/000162828024025020/0001628280-24-025020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1785424/000162828024025020/kplt-20240520.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-025020
- JSON: https://secwatch.observer/filing/0001628280-24-025020.json
- Plain text: https://secwatch.observer/filing/0001628280-24-025020.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.