The reduction in Iridian's stake to just above 1% suggests a gradual exit or rebalancing. Monitor for further 13G amendments or a conversion to 13D if the investor's intent changes.
Price Chart
Executive Summary
Iridian Asset Management LLC filed an amended Schedule 13G disclosing a 1.08% passive stake in Katapult Holdings as of September 18, 2026. The filing indicates a reduction from a prior position, as the stake is now below 1.1% and the investor remains passive with no intent to influence control.
Key Financial Metrics
Key Facts
- Iridian Asset Management LLC reported beneficial ownership of 919,498 shares of Katapult Holdings common stock.
- The stake represents 1.08% of shares outstanding (based on 84,947,000 shares outstanding as of the filing).
- The filing is an amendment to Schedule 13G, indicating a passive investment intent under Rule 13d-1(b).
- The filing date is October 1, 2026, with the ownership date as of September 18, 2026.
Financial Impact
The disclosed stake value is not explicitly stated in the filing; based on the share count and recent trading levels, the position is likely in the low millions of dollars.
Risk Factors
- Further selling by Iridian could pressure the stock if the position is unwound entirely.
- The small disclosed stake limits the signaling value of this filing.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G/A Filing (Primary) | 0001033427-26-000012 |
| Document: 0001033427-26-000012-index.html | 0001033427-26-000012 |
| Document: 0001033427-26-000012.txt | 0001033427-26-000012 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 7, 2026 20d ago | EFFECT | $4.08 | awaiting T+20 | — | $8.39 (−105.64%) |
Oct 2, 2026 25d ago | S-3/A | $4.50 | awaiting T+20 | — | $8.39 (−86.44%) |
Oct 1, 2026 26d ago | SC 13G/A | $4.50 | awaiting T+20 | — | $8.39 (+86.44%) |
Sep 15, 2026 5w ago | S-3 | $9.30 $4.45 | ▲ +52.15% | ▲ +55.33% | $8.39 (+9.78%) |
Aug 28, 2026 8w ago | 8-K | $5.41 $4.54 | ▲ +16.08% | ▲ +15.71% | $8.39 (−55.08%) |
Aug 12, 2026 10w ago | 3 | $7.22 $9.43 | ▲ +30.61% | ▲ +32.36% | $8.39 (+16.20%) |
Aug 11, 2026 11w ago | 8-K | $7.88 $9.17 | ▼ −16.31% | ▼ −18.20% | $8.39 (−6.47%) |
Aug 4, 2026 12w ago | Press Release | $6.25 $5.48 | ▼ −12.32% | ▼ −11.08% | $8.39 (+34.24%) |
Jul 27, 2026 13w ago | 8-K | $6.69 $5.82 | ▼ −13.00% | ▼ −16.39% | $8.39 (+25.41%) |
Jul 21, 2026 14w ago | Press Release | $7.31 | awaiting T+20 | — | $8.39 (+14.77%) |
US Market Status
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