Iridian Asset Management Updates Katapult Holdings Stake

TL;DR

**Iridian Asset Management just updated their Katapult Holdings stake, showing continued institutional interest.**

AI Summary

Iridian Asset Management LLC/CT, an investment adviser, filed an amended Schedule 13G/A on January 24, 2024, indicating its ownership of Katapult Holdings, Inc. common stock as of December 31, 2023. This filing, Amendment No. 02, updates their previous disclosure regarding their stake in Katapult. This matters to investors because it provides transparency into significant institutional holdings, which can influence stock stability and investor confidence.

Why It Matters

This filing shows that a major institutional investor, Iridian Asset Management, continues to hold a significant position in Katapult Holdings, Inc., which can be a signal of their ongoing confidence in the company.

Risk Assessment

Risk Level: low — This is a routine update from an institutional investor and does not indicate any immediate financial risk or major change in company operations.

Analyst Insight

Investors should note Iridian Asset Management's continued institutional ownership in Katapult Holdings, Inc. as a sign of ongoing interest, but should also conduct their own due diligence on the company's fundamentals.

Key Numbers

• 485859102 — CUSIP Number (Identifies Katapult Holdings, Inc. Common Stock)
• 005-91184 — SEC File Number (Identifies Katapult Holdings, Inc. with the SEC)
• 20240124 — Filing Date (The date this SC 13G/A was filed with the SEC)
• 02 — Amendment Number (Indicates this is the second amendment to a previous 13G filing)

Key Players & Entities

• Iridian Asset Management LLC/CT (company) — the reporting person and institutional investor
• Katapult Holdings, Inc. (company) — the subject company whose stock is being reported
• 0001033427 (company) — Central Index Key (CIK) for Iridian Asset Management LLC/CT
• 0001785424 (company) — Central Index Key (CIK) for Katapult Holdings, Inc.
• December 31, 2023 (date) — the date of the event which requires filing of this statement

Forward-Looking Statements

• Iridian Asset Management will maintain a significant stake in Katapult Holdings through 2024. (Iridian Asset Management LLC/CT) — medium confidence, target: 2024-12-31

FAQ

Filing Documents

• doc1.htm (SC 13G/A) — 63KB
• 0001567619-24-000024.txt ( ) — 65KB

From the Filing

SC 13G/A 1 doc1.htm NONE Schedule 13G UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 02 )* Katapult Holdings, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 485859102 (CUSIP Number) Calendar Year 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: x Rule 13d-1(b) o Rule 13d-1(c) o Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 485859102 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) IRIDIAN ASSET MANAGEMENT LLC/CT 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) o (b) o 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION DE NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 225000 6 SHARED VOTING POWER 7 SOLE DISPOSITIVE POWER 225000 8 SHARED DISPOSITIVE POWER 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 225000 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.53% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IA FOOTNOTES Item 1. (a) Name of Issuer Katapult Holdings, Inc. (b) Address of Issuer's Principal Executive Offices 5204 Tennyson Parkway Suite 500 Plano, TX 75024 Item 2. (a) Name of Person Filing IRIDIAN ASSET MANAGEMENT LLC/CT (b) Address of Principal Business Office or, if none, Residence 120 Post Road West Suite 201 Westport, CT 06880 (c) Citizenship DE (d) Title of Class of Securities Common Stock (e) CUSIP Number 485859102 Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) o Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) o Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) o Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) o Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). (e) x An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) o An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) o A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) o A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) o A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) o A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J). (k) o A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 225,000 (b) Percent of class: 5.53% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 225,000 (ii) Shared power to vote or to direct the vote: (iii) Sole power to dispose or to direct the disposition of: 225,000 (iv) Shared power to dispose or to direct the disposition of: Item 5. of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o . Not applicable Item 6. of More than Five Percent on Behalf of Another Person. Not Applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company Not Applicable Item 8. Identification and Classification of Members of the Group Not Applicable Item 9. Notice of Dissolution of Group Not Applicable Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above wer

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