Blumberg Capital III, L.P., Blumberg Capital Management III, L.L.C., and David James Blumberg filed Amendment No. 2 to a Schedule 13G with the SEC on October 29, 2026, disclosing beneficial ownership of common stock in Katapult Holdings, Inc. as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: Each reporting person disclosed 258,632 shares of Katapult Holdings common stock beneficially owned as of September 30, 2026.
  • Percent of class: The reported holdings represent 0.3% of outstanding common stock, based on 84,849,055 shares outstanding as of September 3, 2026.
  • Share composition: The holdings consist of 224,479 shares of common stock and 34,153 "Earnout Shares," all directly held by Blumberg Capital III, L.P.
  • Earnout Share restrictions: The 34,153 Earnout Shares are subject to vesting upon achievement of certain stock price-based thresholds prior to June 9, 2027; prior to vesting, BC III holds voting power but not dispositive power over them.
  • Shared voting and dispositive power: Shared voting power over 258,632 shares and shared dispositive power over 224,479 shares are reported; sole voting and sole dispositive power are each reported as 0.
  • Filing persons: BCM III is the sole general partner of BC III, and David J. Blumberg is the managing director of BCM III; neither BCM III nor Blumberg directly owns any shares of the issuer.

Blumberg Capital III's Ownership Structure and Earnout Share Terms in Katapult Holdings

According to the filing, the three reporting persons - Blumberg Capital III, L.P. ("BC III"), Blumberg Capital Management III, L.L.C. ("BCM III"), and David James Blumberg - each reported aggregate beneficial ownership of 258,632 shares of Katapult Holdings, Inc. common stock (par value $0.0001 per share, CUSIP 485859201) as of September 30, 2026. The filing identifies Katapult Holdings' principal executive offices at 400 Galleria Parkway SE, Suite 300, Atlanta, GA, 30339, and lists the reporting persons' address as 432 Bryant Street, San Francisco, CA 94107.

The filing discloses that the reported holdings consist of two components: 224,479 shares of common stock and 34,153 Earnout Shares, both directly held by BC III. The filing states that "the Earnout Shares are subject to vesting upon the achievement of certain stock price-based thresholds prior to June 9, 2027," and that "prior to the vesting of these shares, BC III has the power to vote, but not dispose of, the Earnout Shares." This distinction explains why shared dispositive power is reported as 224,479 shares while shared voting power covers the full 258,632 shares.

The filing further states that BCM III, as sole general partner of BC III, and Blumberg, as managing director of BCM III, share voting and dispositive power over the shares held by BC III and may be deemed to beneficially own those shares. The percentage of class figure of 0.3% is calculated using 84,849,055 shares of common stock outstanding as of September 3, 2026, as reported in an amendment to the issuer's Registration Statement on Form S-3 filed with the SEC on October 2, 2026. The reporting persons expressly disclaimed status as a "group" for purposes of this Schedule 13G/A.

What Was Disclosed

Amendment No. 2 to a Schedule 13G reported that Blumberg Capital III, L.P. and related persons beneficially owned 258,632 shares, or 0.3%, of Katapult Holdings common stock as of September 30, 2026, including 34,153 Earnout Shares with restricted dispositive rights.