UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington,
WASHINGTON, D.C. 20549

SCHEDULE 14A
(Rule 14a-101)
Proxy Statement Pursuant to Section 14(a) of
the
Securities Exchange Act of 1934

(Amendment No.__)
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Definitive Proxy Statement

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Definitive Additional Materials

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Soliciting Material Pursuant to §240.14a-12

§240.14a-12
Katapult Holdings, Inc.

FINSERV ACQUISITION CORP.

(Name of Registrant as Specified in itsIn Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
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Table

Notice of Contents2022 Annual Meeting of Stockholders

FINSERV ACQUISITION CORP.Tuesday, June 7, 2022
c/o Ellenoff Grossman & Schole LLP10:00 a.m. Eastern Time
1345 Avenue of the Americas
New York, NY 10105By virtual webcast at

To the Stockholders of FinServ Acquisition Corp.:

www.virtualshareholdermeeting.com/KPLT2022

TO OUR STOCKHOLDERS:
You are cordially invited to attend the 2020 annual meeting2022 Annual Meeting of stockholdersStockholders (the “Annual Meeting”"Annual Meeting") of FinServ Acquisition Corp. (the “Company”Katapult Holdings, Inc. (“Katapult,” the “Company,” “us” or “we”), which, due to concerns regarding the coronavirus (“COVID-19”) pandemic and to assist in protecting the health and well-being of our stockholders and employees, will be held on December 29, 2020 at 10:30 a.m., Eastern Time. The formal meeting noticein a virtual format and proxy statementsolely online to provide a consistent experience to all stockholders regardless of location. There will be no physical location for the Annual Meeting, are attached.

The Annual Meetingand you will be a completely virtual meeting of stockholders, which will be conducted via live webcast. You willnot be able to attend the Annual Meeting online, vote and submit your questions during thein person. The Annual Meeting by visiting https://www.cstproxy.com/finservacquisition/2020. We are pleased to utilize the virtual stockholder meeting technology to (i) provide ready access and cost savings for our stockholders and the Company, and (ii) to promote social distancing pursuant to guidance provided by the Center for Disease Control and the U.S. Securities and Exchange Commission due to the novel coronavirus. The virtual meeting format allows attendance from any location in the world.

Even if you are planning on attending the Annual Meeting online, please promptly submit your proxy vote by telephone, or, if you received a printed form of proxy in the mail, by completing, dating, signing and returning the enclosed proxy, so your shares will be representedheld on Tuesday, June 7, 2022 at the Annual Meeting. Instructions on voting your shares are on the proxy materials you received10:00 a.m. Eastern Time, for the Annual Meeting. Even if you plan to attend the Annual Meeting online, it is strongly recommended you complete and return your proxy card before the Annual Meeting date, to ensure that your shares will be represented at the Annual Meeting if you are unable to attend.

The purpose of the Annual Meeting is to consider and vote upon the following proposals:

purposes:

1.To elect one director to serve as theour three Class I director onnominees identified in the Company’saccompanying proxy statement to the Board of Directors (the “Board”"Board") to serve until the 2023 annual meetingCompany's 2025 Annual Meeting of stockholders or until their successors are elected and qualified;

Stockholders.

2.To ratify the selection by our audit committeeappointment of WithumSmith+Brown, PC to serveDeloitte & Touche LLP as ourthe Company’s independent registered public accounting firm for the fiscal year ending December 31, 2020;2022.
3.To transact such other business as may properly come before the Annual Meeting of Stockholders, or any adjournments or postponements thereof.
The Board has fixed the close of business on April 8, 2022 as the record date for determining those stockholders entitled to receive notice of, to attend and

3.      Such to vote at the Annual Meeting.

The Company furnishes its proxy materials via the internet, providing our stockholders with the information they need in a more timely manner, while reducing the environmental impact and lowering the printing and distribution costs. If you received a Notice of Internet Availability of Proxy Materials (the “Notice of Internet Availability”) by mail and would like to receive a printed copy of our proxy materials, you should follow the instructions for requesting such materials included in the Notice of Internet Availability.
It is important that your shares be represented at the Annual Meeting. Please note that the Annual Meeting will be held via the internet only. The Company’s accompanying proxy materials include instructions on how to participate in the meeting and the means by which you may vote your shares and submit questions. EVEN IF YOU PLAN TO ATTEND ANNUAL MEETING, PLEASE SUBMIT YOUR PROXY BY INTERNET, PHONE OR MAIL AS SOON AS POSSIBLE. If you later choose to revoke your proxy or change your vote, you may do so by following the procedures described in the attached proxy statement. Unless you have previously requested printed materials or you request a paper copy of our proxy materials in the manner specified in the Notice of Internet Availability, you will not receive a paper proxy card.
Please read the proxy materials carefully. Your vote is important and the Company appreciates your cooperation in considering and acting on the matters presented.
By Order of the Board of Directors,
tammyproxysignaturea.jpg
Tahmineh Maloney
Secretary and General Counsel
April 28, 2022

The Notice of Annual Meeting, Proxy Statement and our
Annual Report to Stockholders on Form 10-K are available electronically at
https://ir.katapultholdings.com/financial-information/annual-reports-and-proxy



A MESSAGE FROM OUR CHIEF EXECUTIVE OFFICER
DEAR FELLOW STOCKHOLDERS:
Mission and Vision
At Katapult, our mission is to provide under-served nonprime consumers the flexibility they deserve to access the durable goods they need. Our vision is to offer consumers and merchants an innovative lease financing solution that enables transactions at the point of sale. Katapult has a unique position in a large addressable market with the potential to generate significant growth and deliver attractive profit margins over the longer term. Merchants gain access to a new customer base that can drive incremental sales and consumers gain access to high quality e-commerce retailers and the ability to obtain the items they need at the time that best suits their circumstances.
2021 Highlights
As I look back over 2021, I am proud of what we have achieved at Katapult this year, especially during a challenging macro backdrop that resulted in slower gross origination growth than anticipated. Despite the challenges, we consummated our business combination by merger with FinServ Acquisition Corp., taking Katapult public on June 9, 2021; grew revenue 23% year-over-year from $247.2 million to $303.1 million, while onboarding 100+ new merchants during the year. We increased our employee base by 38%, including several new key executives, which will enable us to drive our mission and vision forward.
Looking Ahead
As we look ahead, we see lease payment performance continuing to normalize to pre-COVID-19 levels and we have proactively tightened underwriting policies accordingly. We will seek to continue to maintain high rates of merchant and customer satisfaction and are actively investing in our growth strategy, specifically in sales and marketing, product, and technology. These investments will allow us to scale our business through a combination of core, expansion, and optimization initiatives. While we recognize the challenges ahead as we push forward in the current economic environment and among world events, we remain excited by the opportunities before us to drive stockholder value as we continue to execute on our growth strategy.
Supporting our Employees and Building our Culture
At Katapult, we recognize that our employees are critical to our success and our ability to execute on our mission and vision. Our people are our most valuable resource, and we believe in an open and collaborative work environment which encourages employees to be accountable and take ownership in their performance and development. Our executive management team is committed to curating an inclusive culture where every team member can achieve success. We strive to provide competitive compensation packages to all employee and continue to enhance our benefit packages to help ensure our employees thrive while at Katapult. I can't thank our employees enough for all their hard work and commitment to Katapult that has propelled us forward to where we are today.
Sincerely,
orlandoproxysignaturea.jpg
Orlando J. Zayas
Chief Executive Officer

April 28, 2022



PROXY SUMMARY
Katapult Holdings, Inc.
5204 Tennyson Parkway, Suite 500, Plano, TX 75024

2022 Annual Meeting of Stockholders
Meeting DateTimeLocationRecord Date
Tuesday, June 7, 202210:00 a.m. Easternwww.virtualshareholdermeeting.com/KPLT2022April 8, 2022
Meeting Agenda and Voting Recommendations
ProposalBoard Vote RecommendationPage Reference
(for more detail)
1 - Election of directors
FOR
each nominee
2 - Ratification of appointment of independent registered public
       accounting firm
FOR
Holders of our common stock as of the close of business on April 8, 2022, the record date, may vote at the Annual Meeting. Each share of common stock is entitled to one vote. Holders of our common stock will vote as a single class on all matters described in this proxy statement.
Class I Director Nominees Standing for Election at the 2022 Annual Meeting
NamePrincipal OccupationIndependentAge
Chris MastoCo-Founder and Senior Advisor at FFL Partners54
Joyce A. PhillipsFounder and Chief Executive Officer of EqualFuture Corp.59
Jane J. ThompsonChief Executive Officer of Jane J. Thompson Financial Services LLC70
Directors will be elected by a plurality of votes cast at the Annual Meeting by holders of shares present or represented by proxy and entitled to vote. You may not vote your shares cumulatively for the election of directors.
Corporate Governance Highlights
7 out of 8 Directors are IndependentAnnual Board and Committee Self-Evaluations
Diversity Reflected in Board CompositionUse of Independent Compensation Consultants
Regular Executive Session of Independent DirectorsNo Tax Gross-Ups
Independent Audit, Compensation, and Nominating and Corporate Governance CommitteesNo Single Trigger Change in Control Provisions for Equity Awards
All Directors Receive Orientation and Participate in Continuing Education on Critical TopicsPolicies Prohibiting Hedging, Short Sales, Short-Term Trading and Pledging of Our Common Stock
Robust Equity Ownership Guidelines for Executives and DirectorsBoard Oversight of CEO and Executive Management



KATAPULT HOLDINGS, INC.
Proxy Statement - Table of Contents
Information Regarding Director Nominees and Current Directors
Director Skills and Diversity Summary
Board and Committee Self-Evaluation Process



QUESTIONS AND ANSWERS
Why am I receiving these materials?
The Board of Directors of Katapult Holdings, Inc. (the "Board") is making these Proxy Materials (as defined below) available to you on the Internet or, upon your request, by delivering printed versions of these materials to you by mail, in connection with the solicitation of proxies for use at our 2022 Annual Meeting of Stockholders (the "Annual Meeting"), or at any adjournment or postponement of the Annual Meeting. The Annual Meeting will occur on June 7, 2022 at 10:00 a.m. Eastern Time via live webcast at www.virtualshareholdermeeting.com/KPLT2022.
Why did I receive a Notice of Internet Availability of Proxy Materials on the internet instead of a full set of proxy materials?
Pursuant to rules adopted by the Securities and Exchange Commission (the “SEC”), we have elected to provide access to our Proxy Materials (as defined below) over the Internet. Accordingly, we have sent you a Notice of Internet Availability of Proxy Materials (the "Notice of Internet Availability) because the Board is soliciting your proxy to vote at the Annual Meeting.
The Notice of 2022 Annual Meeting of Stockholders (“Notice”), this proxy statement, the proxy card or voting instruction form, and our Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (collectively, the “Proxy Materials”) are available to stockholders on the Internet.
The Notice of Internet Availability will provide instructions as to how a stockholder of record may access and review the Proxy Materials on the website referred to in the Notice of Internet Availability or, alternatively, how to request that a copy of the Proxy Materials, including a proxy card, be sent by mail or email to the stockholder of record. The Notice of Internet Availability will also provide voting instructions. Please note that, while our Proxy Materials are available at the website referenced in the Notice of Internet Availability, and our Notice of Annual Meeting, proxy statement and Annual Report are available on our website, no other mattersinformation contained on either website is incorporated by reference in or considered to be a part of this document.
When will the Proxy Materials first be made available?
We intend to mail the Notice of Internet Availability on or about April 28, 2022 to all stockholders of record entitled to vote at the Annual Meeting. The Proxy Materials will be made available to stockholders on the Internet on the same date.
Will I receive any other Proxy Materials by mail?
You will not receive any additional Proxy Materials via mail unless you request a printed copy of the Proxy Materials in accordance with the instructions set forth in the Notice of Internet Availability. We may elect, in our discretion, to send you a proxy card, along with a second Notice of Internet Availability, on or after 10 calendar days have passed since our first mailing of the Notice of Internet Availability..
What is the purpose of the Annual Meeting?
For stockholders to vote on the following proposals:
1.To elect the three Class I director nominees identified in the accompanying proxy statement to the Board to serve until the Company's 2025 annual meeting of stockholders;
2.To ratify the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2022; and
3.To transact such other business as may properly come before the Annual Meeting or at any adjournment(s)adjournment or postponement(s)postponement thereof.

THE BOARD UNANIMOUSLY RECOMMENDS A VOTE “FOR” THE ELECTION OF THE DIRECTOR NOMINEE AND “FOR” THE RATIFICATION OF WITHUMSMITH+BROWN, PC TO SERVE AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.

How does the Board of Directors recommend I vote on these proposals?
The Board has fixedrecommends that you vote:
ü"FOR" the closeelection of business onChris Masto, Joyce Phillips and Jane J. Thompson as Class I directors to serve until the Company's 2025 annual meeting of stockholders; and
ü "FOR" the ratification of the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the fiscal year ending December 29, 202031, 2022.
Will a list of record stockholders as of the record date (the “Record Date”) for the determinationbe available?
A list of stockholders entitled to notice of, and to vote at the Annual Meeting ormeeting will be available for examination during normal business hours by any postponement or adjournment thereof. Accordingly, only stockholdersstockholder for any purpose germane to the meeting for 10 days before the meeting at our offices located at 5204 Tennyson
PROXY STATEMENT3

Questions and Answers
Parkway, Suite 500, Plano, TX 75024. Please email ir@katapultholdings.com to arrange for in-person examination. The stockholder list will also be available electronically for the required period of recordtime at the closestart of business on the Record Date are entitled to notice of, and shall beAnnual Meeting.
Who is entitled to vote at the Annual Meeting or any postponement or adjournment thereof.

Your vote is important. You are requested to carefully read the proxy statement and accompanying Noticehow many votes do I have?

Holders of Annual Meeting for a more complete statement of matters to be considered at the Annual Meeting.

By Order of the Board,
/s/ Lee Einbinder
Chief Executive Officer and Director

This proxy statement is dated December14, 2020
and is being mailed with the form of proxy on or shortly after December
16, 2020.

Table of Contents

IMPORTANT

Whether or not you expect to attend the Annual Meeting, you are respectfully requested by the Board of Directors to sign, date and return the enclosed proxy promptly, or follow the instructions contained in the proxy card or voting instructions. If you grant a proxy, you may revoke it at any time prior to the Annual Meeting or vote online at the Annual Meeting.

PLEASE NOTE: If your shares are held in street name, your broker, bank, custodian, or other nominee holder cannot vote your shares in the election of directors unless you direct the nominee holder how to vote, by returning your proxy card or by following the instructions contained on the proxy card or voting instruction form, or submit your proxy by telephone or over the Internet (if those options are available to you) in accordance with the instructions on the enclosed proxy card or voting instruction card.

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FINSERV ACQUISITION CORP.
c/o Ellenoff Grossman & Schole LLP
1345 Avenue of the Americas
New York, NY 10105

NOTICE OF 2020 ANNUAL MEETING OF STOCKHOLDERS
TO BE HELD DECEMBER 29, 2020

To the Stockholders of FinServ Acquisition Corp.:

NOTICE IS HEREBY GIVEN that the 2020 annual meeting of stockholders (the “Annual Meeting”) of FinServ Acquisition Corp., a Delaware corporation (the “Company”), will be held on Tuesday, December 29, 2020 at 10:30 a.m., Eastern Time, as a virtual meeting. You will be able to attend, vote your shares, and submit questions during the Annual Meeting via a live webcast available at https://www.cstproxy.com/finservacquisition/2020. The Annual Meeting will be held for the sole purpose of considering and voting upon the following proposals:

1.      To elect one director to serve as the Class I director on the Company’s Board of Directors (the “Board”) until the 2023 annual meeting of stockholders or until their successors are elected and qualified;

2.      To ratify the selection by our audit committee of WithumSmith+Brown, PC (“Withum”) to serve as our independent registered public accounting firm for the year ending December 31, 2020; and

3.      Such other matters as may properly come before the Annual Meeting or any adjournment(s) or postponement(s) thereof.

Only stockholders of record of the Companycommon stock as of the close of business on December 2, 2020 are entitled to notice of, and to vote at,April 8, 2022 , the Annual Meeting or any adjournment or postponement thereof. Each share of common stock entitles the holder thereof to one vote. All holders of shares of Class A common stock and Class B common stock, voting together as a single class, are entitled to vote on both proposals being considered at the Annual Meeting.

Your vote is important. Proxy voting permits stockholders unable to attend the Annual Meeting to vote their shares through a proxy. By appointing a proxy, your shares will be represented and voted in accordance with your instructions. You can vote your shares by completing and returning your proxy card, or submit your proxy by telephone, fax, or over the Internet (if those options are available to you) in accordance with the instructions on the enclosed proxy card or voting instruction card. Proxy cards that are signed and returned but do not include voting instructions will be voted by the proxy as recommended by the Board. You can change your voting instructions or revoke your proxy at any time prior to the Annual Meeting by following the instructions included in this proxy statement and on the proxy card.

Even if you plan to attend the Annual Meeting, it is strongly recommended that you complete and return your proxy card before the Annual Meetingrecord date, to ensure that your shares will be represented at the Annual Meeting if you are unable to attend. You are urged to review carefully the information contained in the enclosed proxy statement prior to deciding how to vote your shares. You may also access our proxy materials at the following website: https://www.cstproxy.com/finservacquisition/2020.

By Order of the Board,
/s/ Lee Einbinder
Chief Executive Officer and Director

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TABLE OF CONTENTS

Page

QUESTIONS AND ANSWERS ABOUT THESE PROXY MATERIALS

1

THE ANNUAL MEETING

5

Date, Time, Place and Purpose of the Annual Meeting

5

Record Date, Voting and Quorum

5

Required Vote

5

Voting

5

Revocability of Proxies

6

Attendance at the Annual Meeting

6

Solicitation of Proxies

6

No Right of Appraisal

7

Other Business

7

Principal Offices

7

DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

8

Directors and Officers

8

Corporate Governance

Number and Terms of Office of Officers and Directors

10

Committee Membership, Meeting and Attendance

10

Audit Committee Report

13

Board Leadership Structure and Role in Risk Oversight

Compensation Committee Interlocks and Insider Participation

13

Section 16(a) Beneficial Ownership Reporting Compliance

13

Code of Ethics

13

Executive Compensation

13

Director Independence

14

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

15

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

16

PROPOSALS TO BE CONSIDERED BY STOCKHOLDERS

Proposal One — Election of Class I Director

18

Proposal Two — Ratification of Appointment of Independent Registered Public Accounting Firm

19

OTHER MATTERS

20

Submission of Stockholder Proposals for the 2020 Annual Meeting

20

Householding Information

20

Where You Can Find More Information

20

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FINSERV ACQUISITION CORP.
c/o Ellenoff Grossman & Schole LLP
1345 Avenue of the Americas
New York, NY 10105

PROXY STATEMENT
2020 ANNUAL MEETING OF STOCKHOLDERS
To be held on Tuesday, December 29, 2020, at 10:30 a.m., Eastern Time

QUESTIONS AND ANSWERS ABOUT THESE PROXY MATERIALS

Why did you send me this proxy statement?

This proxy statement and the enclosed proxy card are being sent to you in connection with the solicitation of proxies by the Board of Directors (the “Board of Directors” or “Board”) of FinServ Acquisition Corp., a Delaware corporation (the “Company,” “we,” us,” and “our”), for use at the annual meeting of stockholders (the “Annual Meeting”) to be held on Tuesday, December 29, 2020 at 10:30 a.m., Eastern Time, or at any adjournments or postponements thereof. This proxy statement summarizes the information that you need to make an informed decision on the proposals to be considered at the Annual Meeting. This proxy statement and the enclosed proxy card were first sent to the Company’s stockholders on or about December 16, 2020.

What is included in these materials?

These materials include:

•        This Proxy Statement for the Annual Meeting; and

•        The Company’s Annual Report on Form 10-K for the year ended December 31, 2019, as filed with the Securities and Exchange Commission (the “SEC”) on March 27, 2020.

What proposals will be addressed at the Annual Meeting?

Stockholders will be asked to consider the following proposals at the Annual Meeting:

1.      To elect one director to serve as the Class I director on the Board until the 2023 annual meeting of stockholders or until their successors are elected and qualified;

2.      To ratify the selection by our audit committee of WithumSmith+Brown, PC (“Withum”) to serve as our independent registered public accounting firm for the year ending December 31, 2020; and

3.      Such other matters as may properly come before the Annual Meeting or any adjournment(s) or postponement(s) thereof.

How does the Board of Directors recommend that I vote?

Our Board of Directors unanimously recommends that all stockholders vote “FOR” the director nominee and “FOR” the ratification of the selection of Withum as our independent registered public accounting firm.

Who may vote at the Annual Meeting of stockholders?

Stockholders who owned shares of the Company’s common stock, par value $0.0001 per share, as of the close of business on December 2, 2020 are entitled to vote at the Annual Meeting. As of the Record Date,record date, there were 25,665,00098,126,012 shares of Class A common stock and 6,250,000 shares of Class B common stock issued and outstanding.

All holders of shares of Class A common stock and Class B common stock, voting together as a single class, are entitled to vote on both proposals being considered at the Annual Meeting.

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How many votes must be present to hold the Annual Meeting?

Your shares are counted as present at the Annual Meeting if you attend the Annual Meeting and vote online, if you properly submit your proxy or if your shares are registered in the name of a bank or brokerage firm and you do not provide voting instructions and such bank or broker casts a vote on the ratificationoutstanding of our independent registered public accounting firm. On December 2, 2020, there were 25,665,000 shares of Class A common stock and 6,250,000 shares of Class B common stock outstanding and entitled to vote. In order for us to conduct the Annual Meeting, a majority of the voting power of our outstanding shares of common stock entitled to vote on any of the proposals to be voted on at the Annual Meeting must be present at the Annual Meeting. This is referred to as a quorum. Consequently, 15,957,501 shares of Class A common stock and Class B common stock combined must be present at the Annual Meeting to constitute a quorum.

How many votes do I have?

stock. Each share of Class A common stock and Class B common stock is entitled to one vote on each matter that comes before the Annual Meeting. Information about the stock holdingsvote. Holders of our directors and executive officers is containedcommon stock will vote as a single class on all matters described in the section of this Proxy Statement entitled “Security Ownership of Certain Beneficial Owners and Management.”

proxy statement.

What is the difference between holding shares as a stockholder of record and as a beneficial owner of shares held in street name?

Stockholder of Record.owner?

If your shares are registered directly in your name with the Company’sour transfer agent, Continental Stock Transfer & Trust Company, you are considered the stockholder of record with respect to those shares, and the proxy materials wereNotice of Internet Availability of Proxy Materials was sent directly to you by Broadridge Financial Solutions, Inc. As a stockholder of record, you may vote your shares online during the Company.

Beneficial Owner of Shares Held in Street Name.virtual Annual Meeting or by proxy as described below.

If your shares are held in ana stock brokerage account ator by a brokerage firm, bank broker-dealer, or other similar organization, thennominee, you are considered the beneficial owner"beneficial owner" of shares held in “street name,”street name. The Notice and, upon your request, the proxy materialsProxy Materials were forwarded to you by that organization. The organization holding your accountbroker, bank or other nominee who is considered, with respect to those shares, the stockholder of record for purposes of voting atrecord. As the Annual Meeting. As a beneficial owner, you have the right to instruct that organizationdirect your bank, broker or other nominee on how to vote the shares held in your account. Those instructions are contained in a “vote instruction form.”

What is the proxy card?

The proxy card enables you to appoint each of Lee Einbinder, our Chief Executive Officer and Director,] and Howard Kurz, our President, Chief Financial Officer and Director, as your representatives, at the Annual Meeting. By completing and returning the proxy card, you are authorizing Mr. Einbinder and Mr. Kurz to vote your shares at the Annual Meeting in accordance with yourby following their instructions on the proxy card. This way, your shares will be voted whether or not you attend the Annual Meeting. Even if you plan to attend the Annual Meeting, it is strongly recommended that you complete and return your proxy card before the Annual Meeting date in case your plans change. If a proposal comes up for voting.

How can I vote at the Annual Meeting that is not on the proxy card, the proxies will vote your shares, under your proxy, according to their best judgment.

If I am a stockholder of record of the Company’s shares, how do I vote?

There are two ways to vote:

•        Online.my shares?

If you are a stockholder of record, you may vote:
Via the Internet. You may vote online atby proxy via the Annual Meeting.

Internet by following the instructions found on the proxy card.

By Telephone. You may vote by proxy by calling the toll-free number found on the proxy card.
By Mail. You may vote by proxy by filling out the proxy card and sendingreturning it back in the envelope provided.

If I amDuring the Meeting. You may vote online during the virtual Annual Meeting by following the instructions on the screen.
Internet and telephone voting will be available 24 hours a beneficial owner of shares held in street name, how do I vote?

There are three ways to vote:

•        Onlineday and will close at the Annual Meeting.11:59 p.m. Eastern Time on Monday, June 6, 2022.

If you are a beneficial owner of shares held in street name, you should have received from your bank, broker or other nominee instructions on how to vote or instruct the broker to vote your shares, which are generally contained in a "voting instruction form" sent by the broker, bank or other nominee. Please follow their instructions carefully. Beneficial owners generally may vote:
Via the Internet. You may vote by proxy via the Internet by following the instructions on the voting instruction form provided to you by your broker, bank or other nominee.
By Telephone. You may vote by proxy by calling the toll-free number found on the voting instruction form provided to you by your broker, bank or other nominee.
By Mail. You may vote by proxy by filling out the voting instruction form and returning it in the envelope provided to you by your broker, bank or other nominee.
During the Meeting. If you wish to vote online atyour shares directly during the Annual Meeting,meeting, you must obtain a legal proxy from the brokerage firm, bank, broker-dealer or other similar organization that holds your shares. Please contact that organization for instructions regarding obtainingon how to obtain a legal proxy.

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•        By mail.    You may vote by proxy by filling out the vote instruction form and sending it back in the envelope provided byto you from your brokerage firm,broker, bank broker-dealer or other similar organization that holds your shares.

•        nominee.By telephone

If you received more than one Notice of Internet Availability of Proxy Materials or overproxy card, then you hold shares of Katapult Holdings, Inc. common stock in more than one account. You should vote via the Internet.    You may vote by proxy by submitting your proxyInternet, by telephone, by mail or overduring the Internet (if those optionsmeeting for all shares held in each of your accounts.
When proxy cards are available to you)properly signed, dated and returned by the deadline stated above, the shares represented by the proxies will be voted in accordance with the instructions of the stockholder. If no specific instructions are given, you give authority to Orlando Zayas and Tahmineh Maloney to vote the shares in accordance with the recommendations of our Board as described above. If any director nominee is not able to serve, proxies will be voted in favor of the other nominee and may be voted for a substitute nominee, unless our Board chooses to reduce the number of directors serving on our Board. If any matters not described in this Proxy Statement are properly presented at the Annual Meeting, then the proxy holders will use their own judgment to determine how to vote the shares. If the Annual Meeting is adjourned, the proxy holders can vote your shares on the enclosednew meeting date as well, unless you have revoked your proxy.
Internet proxy cardvoting will be provided to allow you to vote your shares online, with procedures designed to ensure the authenticity and correctness of your proxy vote instructions. However, please be aware that you are responsible for any costs associated with your internet access, such as usage charges from internet access providers and telephone companies.
4Katapult Holdings, Inc.

Questions and Answers
What if only one copy of the Notice of Internet Availability or voting instruction card.the Proxy Materials was delivered to multiple stockholders who share a single address?
Under SEC rules, a single Notice of Internet Availability (or one copy of this Proxy Statement and the accompanying 2021 Annual Report, for those stockholders who previously requested paper copies) will be delivered in one envelope to multiple stockholders having the same last name and address and to individuals with more than one account registered at Continental Stock Transfer & Trust Company with the same address unless contrary instructions have been received from an affected stockholder. This is allowed ifprocedure, referred to as “householding,” reduces the volume of duplicate materials that stockholders receive and reduces mailing expenses.
You may revoke your consent to future householding mailings or enroll in householding by submitting a written request to our Corporate Secretary at the Company’s offices located at 5204 Tennyson Parkway, Suite 500, Plano, TX 75024. You may also send an email to ir@katapultholdings.com or call us at (917) 750-0346.
We will promptly deliver, upon verbal or written request, a separate copy of the Notice of Internet Availability and the other Proxy Materials to any stockholder residing at an address to which only a single copy of the documents was originally delivered. Requests for additional copies of the Proxy Materials should be directed to our Corporate Secretary as described above.
Can I change my vote or revoke my proxy?
Yes. If you holdare a stockholder of record, you can change your vote or revoke your proxy at any time before 11:59 p.m. Eastern Time on Monday, June 6, 2022, by:
Written notice to our Corporate Secretary; or
Timely delivery of a valid, later-dated proxy or a later-dated vote by telephone, mail or on the Internet.
You may also or revoke your proxy during the Annual Meeting.
If you are a beneficial owner of shares held in street name, andyou should follow the instructions of your bank, broker or other nominee offers those alternatives. Although most banks, brokersto change or revoke your voting instructions. You may also vote during the Annual Meeting if you obtain a legal proxy as described above.
Can I attend the Annual Meeting?
You are invited to attend the Annual Meeting if you are a registered stockholder or a beneficial owner as of the record date or if you hold a valid proxy for the Annual Meeting. This year’s Annual Meeting will be accessible through the internet. We have adopted a virtual format for our Annual Meeting to make participation accessible for stockholders from any geographic location with internet connectivity. We designed the format of this year’s Annual Meeting to ensure that our stockholders who attend the Annual Meeting will be afforded the same rights and opportunities to participate as they would at an in-person meeting. To be admitted to the Annual Meeting atwww.virtualshareholdermeeting.com/KPLT2022, you must enter the 16-digit control number found on your Notice or proxy card or, if you are a beneficial owner, within the body of the email you received from your bank, broker or other nominees offer these voting alternatives, availabilityagent containing the Proxy Materials. The virtual meeting room will open 15 minutes before the start of the meeting and specificwe recommend that you log in a few minutes before the start to ensure you are logged in when the Annual Meeting starts at 10:00 a.m. Eastern Time.
How can I submit a question at the Annual Meeting?
This year’s stockholders question and answer session will include questions submitted live during the Annual Meeting. An online pre-meeting forum will be available to our stockholders atwww.proxyvote.comprior to the date of the Annual Meeting. By accessing this online forum, our stockholders will be able to vote, view the Annual Meeting procedures, vary.

and obtain copies of Proxy Materials.

Will my sharesAs part of the Annual Meeting, we will hold a live question and answer session during which we intend to answer questions submitted during the meeting in accordance with the Annual Meeting procedures which are pertinent to the business. We will endeavor to answer as many stockholder submitted questions as time permits that comply with the Annual Meeting rules of conduct. We reserve the right to exclude questions regarding topics that are not pertinent to meeting matters or Company business. Questions may be votedsubmitted during the Annual Meeting through www.virtualshareholdermeeting.com/KPLT2022. Questions and answers will be grouped by topic and substantially similar questions will be grouped and answered once.
What if I do not provide my proxy?

need technical assistance?

We encourage you to access the Annual Meeting before it begins. Online check-in will start shortly before the meeting on June 7, 2022, and we will have technicians available to assist you if you experience any technical difficulties. If you hold your shares directlyencounter any difficulties accessing the meeting during the check-in or meeting time, please call 1-844-986-0822 (toll free) or 1-303-562-9302 (international).
PROXY STATEMENT5

Questions and Answers
What constitutes a quorum at the Annual Meeting?
The presence, in your own name, they will not be voted if you do not provide a proxy.

Your shares may be voted under certain circumstances if they are held inperson or by proxy, of the nameholders of a brokerage firm. Brokerage firms generally havemajority in voting power of the authorityshares of our common stock issued and outstanding and entitled to vote shares not voted by customers on certain “routine” matters, including the ratification of an independent registered public accounting firm. Accordingly, at the Annual Meeting must be deemed present or represented to conduct business at the Annual Meeting. You will be considered part of the quorum if you return a signed and dated proxy card, if you vote by telephone or Internet, or if you attend the virtual Annual Meeting.

Abstentions and withhold votes are counted as "shares present" at the Annual Meeting for purposes of determining whether a quorum exists. Proxies submitted by banks, brokers or other holders of record holding shares for you as a beneficial owner that do not indicate a vote for some of or all the proposals because that holder does not have voting authority and has not received voting instructions from you (so-called "broker non-votes") are also considered "shares present" for purposes of determining whether a quorum exists. If you are a beneficial owner, these holders are permitted to vote your shares may only be voted by your brokerage firm foron the ratification of the appointment of our independent registered public accounting firm.

Brokers are prohibitedfirm, even if they do not receive voting instructions from exercising discretionary authority on non-routine matters. The electionyou.

What is the voting requirement to approve each of a Class I directorthe proposals?
Provided that there is considered a non-routine matter, and therefore brokers cannot exercise discretionary authority regarding this proposal for beneficial owners who have not returned proxies to the brokers (so-called “broker non-votes”). In the case of broker non-votes, and in cases where you abstain from voting on a matter when present at the Annual Meeting and entitled to vote, those shares will still be counted for purposes of determining if a quorum, is present.

the voting requirements are as follows:

ProposalVote RequiredBroker Discretionary
Voting Allowed?
1 - Election of directors
Plurality of votes castNo
2 - Ratification of appointment of independent registered public
       accounting firm
Majority of votes castYes
What vote is required to elect directors?Proposal 1: Election of Directors

. Directors arewill be elected by a plurality of the votes cast by the stockholders present and in person or represented by proxy at the Annual Meeting and entitled to vote thereon. Holders of the Class A common stock andby holders of the Class B common stock, voting together as a single class, have the right to vote for the election of directors. Abstentions will have no effect on this proposal.

What vote is required to ratify the selection by our audit committee of Withum as our independent registered public accounting firm?

Approval of the proposal to ratify the selection of Withum as our independent registered public accounting firm requires the affirmative vote of the majority of the votes cast by the holders of Class A common stock and Class B common stockshares present online or represented by proxy and entitled to vote. You may not vote onyour shares cumulatively for the matterelection of directors.

Proposal 2: Ratification of the Appointment of Independent Registered Public Accounting Firm. To be approved, the ratification of appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2022 must receive the majority of “For” votes from the holders of shares present or represented by proxy and entitled to vote.
What is the impact of abstentions, withhold votes and broker non-votes?
Abstentions, withhold votes and broker non-votes are considered "shares present" for the purpose of determining whether a quorum exists, but will not be considered votes properly cast at the Annual Meeting. AbstentionsMeeting and will have no effect on this proposal.

Can I change mythe outcome of the vote after I have voted?

You may revoke your proxy and change your vote at any time before the final vote at the Annual Meeting. You may vote again by signing and returning a new proxy cardfor either Proposal 1 or vote instruction form with a later date or by attending the Annual Meeting and voting online ifProposal 2.

If you are a stockholder of record. However,beneficial holder and you do not instruct your attendance at the Annual Meeting will not automatically revoke your proxy unless you vote again at the Annual Meeting or specifically request that your prior proxy be revoked by delivering to the Company’s President and Chief Financial Officer at c/o Ellenoff Grossman & Schole LLP, 1345 Avenue of the Americas, New York, New York 10105 a written notice of revocation prior to the Annual Meeting.

Please note, however, that if your shares are held of record by a brokerage firm, bank or other nominee, you must instruct your broker bank or other nominee that you wish to change your vote by following the procedures on the voting form provided to you by the broker, bank or other nominee. If your shares are held in street name, and you wish to attend the Annual Meeting and vote at the Annual Meeting, you must bring to the Annual Meeting a legal proxy from the broker, bank or other nominee holding your shares, confirming your beneficial ownership of the shares and giving you the righthow to vote your shares.

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What happens if I do not indicate howshares, your bank or broker may exercise its discretionary authority to vote my proxy?

If you sign your proxy card without providing further instructions, your shares with regard to Proposal 2Ratification of Class Athe Appointment of Independent Registered Public Accounting Firm, but cannot exercise its discretionary authority to vote your shares regarding Proposal 1Election of Directors, thus resulting in “broker non-votes.” Therefore, in order for your voice to be heard, it is important that you vote.

Who pays for the cost of this proxy solicitation?
We will pay all the costs of preparing, mailing and soliciting the proxies. We will ask brokers, banks, voting trustees and other nominees and fiduciaries to forward the Proxy Materials to the beneficial owners of our common stock and Class B common stockto obtain the authority to execute proxies. We will be voted (i) “FOR”reimburse them for their reasonable expenses upon request. We have engaged Innisfree M&A Incorporated to advise the director nomineeCompany and (ii) “FOR” the ratificationassist with our solicitation of Withumproxies for an estimate fee of $17,500, plus reasonable out-of-pocket expenses. In addition to serve asmailing Proxy Materials, our independent registered public accounting firm.

Is my vote kept confidential?

Proxies, ballotsdirectors, officers and voting tabulations identifying stockholders are kept confidential andemployees may solicit proxies in person, by telephone or otherwise. These individuals will not be disclosed except as may be necessary to meet legal requirements.

Where dospecially compensated.

Who will count the votes and where can I find the voting results of the Annual Meeting?

All votes will be counted by the inspector of election appointed for the Annual Meeting. We will announce preliminary voting results at the Annual Meeting. The finalMeeting and we also will disclose voting results will be tallied by the inspector of election and published in the Company’son a Current Report on Form 8-K, which the Company is required to8-K that we will file with the SEC, within four business days followingafter the Annual Meeting.

Who bears the cost of soliciting proxies?

The Company will bear the cost of soliciting proxies in the accompanying form

How can I obtain Katapult's Form 10-K and will reimburse brokerage firmsother financial information?
Stockholders can access our 2021 Annual Report on Form 10-K, and others for expenses involved in forwarding proxy materials to beneficial owners or soliciting their execution. In addition to solicitations by mail, the Company, through its directors and officers, may solicit proxies in person, by telephone or by electronic means. Such directors and officers will not receive any special remuneration for these efforts.

Who is the sponsor of the Company?

References throughout this proxy statement toother financial information, on our “sponsor” are to FinServ Holdings LLC,website athttps://ir.katapultholdings.com/financial-information/sec-filings. Alternatively, stockholders can request a Delaware limited liability company of which Lee Einbinder, our Chief Executive Officer and Howard Kurz, our President, are the managing members and have voting and investment discretion with respect to the common stock held by our sponsor.

Who can help answer my questions?

You can contact our President and Chief Financial Officer, Howard Kurz at (917) 330-9141 or by sending a letter to Mr. Kurz at the offices of the Company at c/o Ellenoff Grossman & Schole LLP, 1345 Avenue of the Americas, New York, New York 10105 with any questions about the proposals described in this proxy statement or how to execute your vote.

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THE ANNUAL MEETING

We are furnishing this proxy statement to you as a stockholder of FinServ Acquisition Corp. as part of the solicitation of proxies by our Board for use at our Annual Meeting to be held on Tuesday, December 29, 2020, or any adjournment or postponement thereof.

Date, Time, Place and Purposepaper copy of the Annual MeetingReport by writing to: Katapult Holdings, Inc., 5204 Tennyson Parkway, Suite 500, Plano, TX 75024, Attention: Corporate Secretary.

The Annual Meeting will

6Katapult Holdings, Inc.

Questions and Answers
How do I submit a stockholder proposal for consideration at next year's annual meeting of stockholders?
For a proposal to be held on Tuesday, December 29, 2020, at 10:30 a.m., Eastern Time as a virtual meeting. You will be able to attend, vote your shares, and submit questions during the Annual Meeting via a live webcast available at https://www.cstproxy.com/finservacquisition/2020. You are cordially invited to attend the Annual Meeting, at which stockholders will be asked to consider and vote upon the following proposals, which are more fully describedincluded in thisour proxy statement:

•        To elect one director to serve as the Class I director on the Board untilstatement for the 2023 annual meeting of stockholders, you must submit it on or until their successors are elected and qualified;

•        To ratify the selection by our audit committee of Withum to serve as our independent registered public accounting firmbefore December 29, 2022. Any proposal sent after December 29, 2022 shall be considered untimely for the year ending December 31, 2020;2023 annual meeting of stockholders. Your proposal must be in writing and

•        Such comply with the proxy rules of the SEC. You should send your proposal to: Katapult Holdings, Inc., 5204 Tennyson Parkway, Suite 500, Plano, TX 75024, Attention: Corporate Secretary.

You also may submit a proposal that you do not want included in the proxy statement but that you want to raise at the 2023 annual meeting of stockholders. We must receive this type of proposal in writing on or after February 7, 2023, but no later than March 9, 2023 (assuming that the 2023 annual meeting of stockholders is held not more than 30 days before or more than 30 days after June 7, 2023).
As detailed in our amended and restated Bylaws (the "Bylaws"), to bring a proposal other matters as may properly comethan the nomination of a director before an annual meeting of stockholders, your notice of proposal must include: (i) a brief description of the business desired to be brought before the Annual Meeting or any adjournment(s) or postponement(s) thereof.

Record Date, Voting and Quorum

Our Board fixedannual meeting, the close of business on December 2, 2020, as the Record Date for the determination of holders of our outstanding common stock entitled to notice of and to vote on all matters presented at the Annual Meeting. As of the Record Date, there were 25,665,000 shares of Class A common stock and 6,250,000 shares of Class B common stock issued and outstanding and entitled to vote. Each share of common stock entitles the holder thereof to one vote.

For the proposal to elect directors and the proposal to ratify the selection by our audit committee of Withum as our independent registered public accounting firm, the holders of 15,957,501 shares of Class A common stock and Class B common stock combined, present virtually or represented by proxy, constitute a quorum.

Required Vote

The affirmative vote of a plurality of the votes cast by the holders of Class A common stock and Class B common stock at the Annual Meeting combined, present virtually or represented by proxy and entitled to vote in the election of directors is required to elect the director nominee.

The approvaltext of the proposal or business (including the text of any resolutions proposed for consideration and in the event that such business includes a proposal to ratifyamend our Bylaws, the selection of Withum as our independent registered public accounting firm requires the affirmative vote of a majoritylanguage of the votes cast byproposed amendment), and the holders of Class A common stock and Class B common stock combined, present virtually or represented by proxyreasons for conducting such business at the Annual Meeting.

Voting

You can vote your shares atannual meeting and any material interest of such stockholder and beneficial owner, if any, in such business; (ii) any other information relating to you or any other beneficial owner, if any, on whose behalf the Annual Meeting byproposal is being made, required to be disclosed in a proxy statement or online.

You can vote by proxy by having one or more individuals who willother filings required to be atmade in connection with solicitations of proxies for the Annual Meeting vote your shares for you. These individuals are called “proxies”proposal and using thempursuant to cast your ballot atand in accordance with Section 14(a) of the Annual Meeting is called voting “by proxy.”

Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the rules and regulations promulgated thereunder; and (iii) the information described in clause (vi) in the question immediately below (with any references below to a "nomination" being deemed to refer to such business desired to be brought before the annual meeting).

How do I recommend a director nominee?
If you wish to vote by proxy, younominate an individual for election as director at the 2023 annual meeting of stockholders, we must (i) completereceive your written nomination on or after February 7, 2023, but no later than March 9, 2023 (assuming that the enclosed form, called a “proxy card,”2023 annual meeting of stockholders is held not more than 30 days before or more than 30 days after June 7, 2023). You should send your proposal to: Katapult Holdings, Inc., 5204 Tennyson Parkway, Suite 500, Plano, TX 75024, Attention: Corporate Secretary. The notice must describe the stockholder proposal in reasonable detail and mail it in the envelope provided or (ii) submit your proxy by telephone or over the Internet (if those options are available to you) in accordanceotherwise comply with the instructionsrequirements set forth in our Bylaws. Our Bylaws may be found on our website at https://ir.katapultholdings.com/corporate-governance/governance-highlights.
In addition to satisfying the enclosedforegoing requirements under our bylaws, to comply with the universal proxy card or voting instruction card.

rules (once effective), stockholders who intend to solicit proxies in support of director nominees other than Katapult’s nominees must provide notice that sets forth the information required by Rule 14a-19 under the Exchange Act no later than April 8, 2023.

Who should I call if I have any additional questions?
If you completeare the proxy card and mail it in the envelope provided or submit your proxy by telephone or over the Internet as described above, you will designate our Chief Executive Officer and our President to act as your proxy at the Annual Meeting. Onestockholder of them will then voterecord for your shares, you may send an email to ir@katapultholdings.com or call us at the Annual Meeting in accordance(917) 750-0346. If you are a beneficial owner with the

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instructions you have given them in the proxy card or voting instructions, as applicable, with respect to the proposals presented in this proxy statement. Proxies will extend to, and be voted at, any adjournment(s) or postponement(s) of the Annual Meeting.

Alternatively, you can vote your shares online by attending the Annual Meeting. While we know of no other matters to be acted upon at this year’s Annual Meeting, it is possible that other matters may be presented at the Annual Meeting. If that happens and you have signed and not revoked a proxy card, your proxy will vote on such other matters in accordance with the best judgment of Mr. Einbinder or Mr. Kurz.

A special note for those who plan to attend the Annual Meeting and vote online: if your shares are held in street name, please contact the name of a broker,telephone number provided on your voting instruction form or contact your bank, or other nominee, you must either direct the record holder of your shares to vote your shares or obtain a legal proxy from the record holder to vote your shares at the Annual Meeting.

Our Board is asking for your proxy. Giving the Board your proxy means you authorize it to vote your shares at the Annual Meeting in the manner you direct. You may vote for or withhold your vote for each nominee or proposal or you may abstain from voting. All valid proxies received prior to the Annual Meeting will be voted. All shares represented by a proxy will be voted, and where a stockholder specifies by means of the proxy a choice with respect to any matter to be acted upon, the shares will be voted in accordance with the specification so made. If no choice is indicated on the proxy, the shares of Class A common stock and Class B common stock will be voted (i) “FOR” the election of the director nominee and (ii) “FOR” the ratification of the selection of Withum as our independent registered public accounting firm and as the proxy holders may determine in their discretion with respect to any other matters that may properly come before the Annual Meeting.

Stockholders who have questions or need assistance in completing or submitting their proxy cards should contact our President and Chief Financial Officer, Howard Kurz, at (917) 330-9141.

Stockholders who hold their shares in “street name,” meaning the name of a broker or other nominee who is the record holder, must either direct the record holder of their shares to vote their shares or obtain a legal proxy from the record holder to vote their shares at the Annual Meeting.

directly.

Revocability of Proxies

Any proxy may be revoked by the person giving it at any time before the polls close at the Annual Meeting. A proxy may be revoked by filing with our President and Chief Financial Officer (FinServ Acquisition Corp., c/o Ellenoff Grossman & Schole LLP, 1345 Avenue of the Americas, New York, New York 10105) either (i) a written notice of revocation bearing a date later than the date of such proxy or (ii) a subsequent proxy relating to the same shares, or (iii) by attending the Annual Meeting and voting online.

Simply attending the Annual Meeting will not constitute revocation of your proxy. If your shares are held in the name of a broker or other nominee who is the record holder, you must follow the instructions of your broker or other nominee to revoke a previously given proxy.

PROXY STATEMENT7

Attendance at the Annual Meeting

Only holders of common stock, their proxy holders and guests we may invite may attend the Annual Meeting. If you wish to attend the Annual Meeting virtually but you hold your shares through someone else, such as a broker, you must bring a legal proxy from the broker, bank or other nominee holding your shares, confirming your beneficial ownership of the shares and giving you the right to vote your shares.

Solicitation of Proxies

The cost of preparing, assembling, printing and mailing this proxy statement and the accompanying form of proxy, and the cost of soliciting proxies relating to the Annual Meeting, will be borne by the Company. Some banks and brokers have customers who beneficially own common stock listed of record in the names of nominees. We intend to request banks and brokers to solicit such customers and will reimburse them for their reasonable out-of-pocket expenses for such solicitations. If any additional solicitation of the holders of our outstanding shares of common stock is deemed necessary, we (through our directors and officers) anticipate making such solicitation directly. The solicitation of proxies by mail may be supplemented by telephone and personal solicitation by officers, directors and other employees of the Company, but no additional compensation will be paid to such individuals.

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No Right of Appraisal

Neither Delaware law nor ourPROPOSAL NO. 1
ELECTION OF DIRECTORS

Our amended and restated certificate of incorporation provideprovides for appraisal or other similar rights for dissenting stockholders in connection with anya classified Board consisting of the proposals to be voted upon at the Annual Meeting. Accordingly, our stockholders will have no right to dissent and obtain payment for their shares.

Other Business

We are not currently awarethree classes of any business to be acted upon at the Annual Meeting other than the matters discussed in this proxy statement. The formdirectors. Class I consists of proxy accompanying this proxy statement confers discretionary authority upon the named proxy holders with respect to amendments or variations to the matters identified in the accompanying Noticethree directors, Class II consists of Annual Meeting and with respect to any other matters which may properly come before the Annual Meeting. If other matters do properly come before the Annual Meeting, or at any adjournment(s) or postponement(s) of the Annual Meeting, we expect that shares of our common stock, represented by properly submitted proxies will be voted by the proxy holders in accordance with the recommendations of our Board.

Principal Offices

Our principal executive offices are located at FinServ Acquisition Corp., c/o Ellenoff Grossman & Schole LLP, 1345 Avenue of the Americas, New York, New York 10105. Our telephone number at such address is (646) 965-8218.

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DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

Directors and Officers

Thetwo directors and executive officers of the Company are as follows:

Name

Age

Position

Lee Einbinder

60

Chief Executive Officer and Director

Howard Kurz

63

President, Chief Financial Officer and Director

Robert Matza

64

Director

Diane B. Glossman

64

Director

Aris Kekedjian

54

Director

The experience of our directors and executive officers are as follows:

Lee Einbinder, our Chief Executive Officer and a Director since inception, was a Vice Chairman at Barclays prior to retiring in August 2019. He was responsible for senior client relationships across the financial services industry, including Banks, Specialty Finance, Financial Technology, Asset Management and Financial Sponsors. Mr. Einbinder was at Barclays since the acquisition of Lehman Brothers in 2008, and during that time was also co-Head of the Financial Institutions Group and a member of the Investment Banking Operating Committee. Prior to joining Barclays, Mr. Einbinder worked at Lehman Brothers from 1996 to 2008, where he was Head of the Specialty Finance group and founded the Financial Technology group. He previously worked in similar capacities at CS First Boston and Salomon Brothers. Mr. Einbinder is on the Advisory Board of Communitas Capital Partners, an early stage venture capital fund for FinTech and marketplace companies, and the Investment Committee of Nassau Street Ventures, an investment fund affiliated with Alumni Ventures Group. Mr. Einbinder is also a Director, Treasurer, and a member of the Executive Committee of the Roxbury Land Trust. He received his M.B.A. with Distinction from the Wharton School and his B.S.E. cum laude from Princeton University. We believe Mr. Einbinder is well qualified to serve as one of our directors due to his extensive finance and investment experience.

Howard Kurz, our President and Chief Financial Officer since inception, has over 30 years’ experience as a successful institutional investor and asset manager. Mr. Kurz was the founder and has been serving as the Chief Executive Officer of Lily Pond Capital Management LLC (“LPCM”), an alternative investment manager headquartered in New York since January 2001. Most recently, LPCM was the investment manager of a Private Equity Fund (Lilypad Investors I) which provided early stage operating capital and expertise to an array of alternative investment management firms. Lilypad Investors I recently exited its final portfolio investment. Before founding LPCM, from September 1996 to January 2001, Mr. Kurz was Managing Director and Head of North American Financial Markets at The Royal Bank of Scotland Plc. Additionally, he was responsible globally for Foreign Exchange, Emerging Markets, and principal investments and was a senior member of the division’s Executive Committee. Prior to RBS, Mr. Kurz was a Managing Director at Lehman Brothers where he headed the Multi-Markets Proprietary Trading unit. He received his B.A. from University of Pennsylvania. We believe Mr. Kurz is well qualified to serve as one of our directors due to the breadth and depth of his experience in the finance, banking and investment industries.

Robert Matza, who has served as one of our directors since our initial public offering, retired as President, Partner and member of the Executive Committee of GoldenTree in June 2019 after almost 14 years at the firm. Mr. Matza joined GoldenTree in January 2006 and managed GoldenTree’s business management infrastructure, which provides operational support to GoldenTree’s investment products and client franchise. During his time at GoldenTree, Mr. Matza was part of the senior management team that oversaw significant growth in assets under management (from approximately $7 billion to over $30 billion), long only and alternatives (private equity and hedge funds), product lines and personnel. Prior to GoldenTree, Mr. Matza served as President and Chief Operating Officer of Neuberger Berman, Inc., as well as a member of its Board of Directors and Executive Committee, and following its acquisition by Lehman Brothers, a member of Lehman Brothers’ Management and Investment Committees. He joined Neuberger Berman in April 1999 as a Principal, and led the team that successfully completed the initial public offering of Neuberger Berman in November of that same year. Between 2000 and 2003, he negotiated and completed several acquisitions and lift outs. In 2003, Mr. Matza negotiated the $2.6 billion sale of the company to Lehman Brothers. Assets under management grew from approximately $55 billion to over $107 billion from the time that Mr. Matza joined Neuberger Berman, until he left at the end of 2005. Mr. Matza’s industry experience prior to 1996 includes 16 years with Lehman

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Brothers and its predecessor companies, where he last served as Managing Director, Chief Financial Officer and a member of the Operating and Investment Committees. In 1996, he joined Travelers Group as its Treasurer and became Deputy Treasurer of Citigroup after Travelers and Citicorp merged in 1998. While at Citigroup, he served on the Finance, Investment and Merger & Acquisition Committees. He began his professional career at Coopers and Lybrand. Mr. Matza currently serves on the Board of Managers (as well as audit and compensation committees) of AG Artemis Holding LP, the holding company of Advisor Group Inc., a privately owned network of independent broker-dealers that was purchased by a private equity firm for $2.3 billion in 2019. He is also serving as a Senior Advisor to Algorand, a newly established blockchain company focused on the commercialization of the secure blockchain to transact for global institutions focused on the securities markets. Mr. Matza is a member of the Dean’s Advisory Board and the Board of the Center for Institutional Investment Management of the University at Albany’s School of Business. Mr. Matza earned his bachelor’s degree from the State University of New York at Albany, his MBA in Finance from New York University and he is a Certified Public Accountant. We believe Mr. Matza is well qualified to serve as a Director due to his asset management, investment and mergers and acquisition experience in the financial industry.

Diane B. Glossman, who has served as one of our directors since our initial public offering, spent 25 years as a research analyst, retiring as a Managing Director and head of U.S. bank and brokerage research at UBS. Prior to UBS, Ms. Glossman was co-head of Global Bank Research and head of Internet Financial Services Research at Lehman Brothers, and prior to that at Salomon Brothers for nine years where she was co-Head of U.S. Bank Stock Research. Over her sell-side research career, Ms. Glossman specialized in money center banks, trust banks and broker dealers, covering all aspects of banking and financial services, including banking technology and the revenue generating businesses of cash management, trade finance, and securities services. Ms. Glossman was a multiple-time member of Institutional Investor’s All-America Research Team. During her decade on the buy-side, she was responsible for coverage of all financials along with a variety of other industry sectors. Ms. Glossman has been serving as a member of the Board of Directors and Audit Committee of Barclays Bank Delaware, Barclays US consumer operations, since June 2016 and chaired the Audit Committee since December 2018. She has also been serving as a member of the advisory board of Barclays US LLC, the U.S. intermediate holding company of Barclays PLC, since its inception in April 2015, and since the advisory board upgrade into the Board of Directors, a member of the Board of Directors, Audit Committee Chair and member of the Governance Committee. In addition, she has been serving as a member of the Board of Directors and its various committees of Live Oak Bancshares, a $7 billion North Carolina-based bank, since August 2014, and assisted in its initial public offering. She has been involved with Bucks County SPCA, a humane organization serving Bucks County, Pennsylvania, since 2003 and currently serves as the Chair of the Finance Committee. Ms. Glossman’s previous board experience includes serving on the Board of Directors or Board of Trustees of WMI Holding, from bankruptcy emergence in March 2012 through its merger with Nationstar in August 2018; Ambac Assurance, a public finance insurance company, from October 2010 to February 2018 when it emerged from regulatory rehabilitation; QBE NA, the American subsidiary of the Australian insurer QBE, from February 2015 to December 2017; Powa Technologies Holdings Plc, a London-based mobile technology start-up, from July 2013 to November, 2016; State Street Global Advisors Mutual Funds from September 2009 to April 2011; and E Charge, an internet payment start-up company from 1999 to 2001. In addition to her directorships, Ms. Glossman has also worked as an independent consultant with a number of banks in the U.S. and U.K. on projects relating to strategy, business execution, and investor communications. During 2013 and 2014, she was a senior fellow at the Center of Financial Stability and was joint author of a report on bank capital. At that time, she also wrote articles for the Cornerstone Journal of Sustainable Finance and Banking regarding the banking industry. In 2013, she also served a member of SASB’s financial industry working group engaged in establishing sustainability reporting metrics for commercial banks, custody banks, and asset managers. From 2003 to 2005, she was an advisor to Citigroup’s Global Consumer Group and a member of its planning group. During much of that time, she was acting head of the International Retail Bank. Ms. Glossman received a B.S. in Economics from the Wharton School of the University of Pennsylvania, with a double major in finance and health care administration, and is a Chartered Financial Analyst. We believe Ms. Glossman is well qualified to serve as a Director due to her strong knowledge of capital markets, institutional investors, and a variety of industries.

Aris Kekedjian, who has served as one of our directors since our initial public offering, retired from GE in 2019 after a 30 year career with the company, most recently serving as head of Corporate Development and Chief Investment Officer since 2016. During this time, Mr. Kekedjian led a number of notable M&A transactions, including the $30 billion merger of GE Oil & Gas with Baker Hughes, creating a $22 billion business with operations in 120 countries, and the $11 billion merger of GE Transportation with Wabtec Corporation, creating a technology

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category leader for rail equipment, services and software. Mr. Kekedjian is also a strategic advisor to ECN Capital, a finance company listed on the Toronto Stock Exchange. Mr. Kekedjian was previously a Managing Director and Global head of Business Development/M&A at GE Capital from 2010 through 2016. Mr. Kekedjian led the GE team that divested more than $200 billion of GE Capital’s business across the world. He also led the merger of Met Life’s online bank with Synchrony Financial and a subsequent $3 billion IPO and $20 billion stock split transaction for Synchrony Financial. He also led IPOs of both Cembra Money Bank in Switzerland and Moneta Bank in the Czech Republic. Prior to those divestitures, Mr. Kekedjian was responsible for creating comprehensive strategic plans for deal activities in the banking, real estate, leasing, mortgage, credit card and commercial lending sectors. From 2008 to 2010, Mr. Kekedjian served as Managing Director, Global Corporate Development and Chief Executive Officer for GE Capital, MEA region, responsible for company-wide strategic partnership and alliance development with global, sovereign capital partners. Mr. Kekedjian was previously the Chief Financial Officer of GE Banking & Consumer Finance for the EMEA region (GE Money) from 2004 to 2008, a $10 billion net revenue business with over $100 billion in assets and operations in 25 countries. He joined GE as a part of the Financial Management Program in 1989.

Number and Terms of Office of Officers and Directors

Our Board of DirectorsClass III consists of five members. Our Board of Directors is divided into three classes with only onedirectors. Each class of directors being elected in each year and each class (exceptserves for those directors appointed prior to our first annual meeting of stockholders) serving a three-yearthree-year term. The term of office of the first class of directors, consisting of Mr. Kekedjian, will expire at our first annual meeting of stockholders. The term of office of the second class of directors, consisting of Mr. Matza and Ms. Glossman will expire at the second annual meeting of stockholders. The term of office of the third class of directors, consisting of Messrs. Einbinder and Kurz will expire at the third annual meeting of stockholders. Subject to any other special rights applicable to the stockholders, any vacanciesVacancies on our Board of Directors may be filled by the affirmative vote of a majority of directors then in office. A director elected by our Board to fill a vacancy in a class, including vacancies created by an increase in the number of directors, presentshall serve for the remainder of the full term of that class and votinguntil the director’s successor is duly elected and qualified. Our amended and restated certificate of incorporation provides that our Board must consist of two or more directors, and the number of directors to hold office at any time is determined from time to time by resolution of our Board. Our Board currently consists of eight members. Upon the expiration of the initial term of office for each class of directors, each director in that class will be elected for a three-year term and to serve until a successor is duly elected and qualified or until his or her earlier death, resignation or removal.

There are three Class I directors whose term expires at the meetingAnnual Meeting. Upon the recommendation of our Nominating and Corporate Governance Committee, the Board that includes anyhas nominated Chris Masto for re-election and Mses. Phillips and Thompson for election as Class I directors representingat the Annual Meeting.
The table below sets forth information with respect to each director nominee as of April 28, 2022:
NamePrincipal OccupationIndependentAge
Chris MastoCo-Founder and Senior Advisor at FFL Partners54
Joyce A. PhillipsFounder and Chief Executive Officer of EqualFuture Corp.59
Jane J. ThompsonChief Executive Officer of Jane J. Thompson Financial Services LLC70
Pursuant to the terms of the Voting and Support Agreement, dated as of December 18, 2020 between FinServ and CURO Group Holdings Corp. ("CURO"), the form of which was filed as Exhibit 10.2 on the Current Report on form 8-K filed with the SEC on December 21, 2021, so long as CURO owns at least 10% of our sponsor then on our Board.

Our officers are appointedissued and outstanding common stock, CURO has the right to designate a director for nomination as a Class I director. Accordingly, CURO designated Mr. Masto for nomination as a Class I director to stand for re-election at the Annual Meeting.

The Nominating and Corporate Governance Committee selected Ms. Phillips and Ms. Thompson for recommendation to the Board following a review of candidates presented by the Boarddirector search firm engaged by the Company.
Each director is elected by a plurality vote. The three director nominees receiving the highest number of Directors and serve“FOR” votes will be elected. If elected at the discretion of the Board of Directors, rather than for specific terms of office. Our Board of Directors is authorized to appoint persons to the offices set forth in our bylaws as it deems appropriate. Our bylaws provide that our officers shall be a Chief Executive Officer, a Chief Financial Officer and a Secretary, and may also consist of a Chairman of the Board, Presidents, Vice Presidents, Assistant Secretaries and a Treasurer, and such other offices as may be determined by the Board of Directors.

Committee Membership, Meetings and Attendance

We currently have the following standing committees: the audit committee and the compensation committee. Each of the standing committees of the Board of Directors is comprised entirely of independent directors.

During the fiscal year ended December 31, 2019:

•        the Board acted by unanimous written consent in lieu of a meeting three times;

•        No meetings of the audit committee were held; and

•        No meetings of the compensation committee were held.

We encourage all of our directors to attend our annual meetings of stockholders. This Annual Meeting, each of these nominees will beserve for a three-year term expiring at the first2025 annual meeting of stockholders and until a successor has been duly elected and qualified or until his or her earlier death, resignation or removal. Each person nominated for election is independent and has agreed to serve if elected, and we have no reason to believe that any nominee will be unable to serve. If any nominee is not able to serve, proxies will be voted in favor of the Company.

Audit Committee

We have established an audit committee of the Board of Directors. The members of our audit committee are Messrs. Matzaother nominee and Kekedjian and Ms. Glossman, and Mr. Matza chairs the audit committee. Each member of the audit committee is financially literate andmay be voted for a substitute nominee, unless our Board chooses to reduce the number of directors serving on our Board. Unless otherwise instructed, the proxy holders will vote the proxies received by them "FOR" the election of Mr. Masto, and Mses. Phillips and Thompson.

For information about each director nominee and each director whose term is continuing after the Annual Meeting, see below the section titled "Information Regarding Director Nominees and Current Directors."
The Board recommends a vote "FOR" the election of Mr. Masto, and Messes. Phillips and Thompson as Class I directors.
8Katapult Holdings, Inc.

Proposal No. 1 - Election of Directors has determined that each of the audit committee members qualifies as an “audit committee financial expert” as defined in applicable SEC rules
Information Regarding Director Nominees and has accounting or related financial management expertise.

Current Directors

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We have adopted an audit committee charter, which details the purpose and principal functions of the audit committee, including:

•        assisting Board oversight of (1) the integrity of our financial statements, (2) our compliance with legal and regulatory requirements, (3) our independent auditor’s qualifications and independence and (4) the performance of our internal audit function and independent auditors;

•        the appointment, compensation, retention, replacement, and oversight of the work of the independent auditors and any other independent registered public accounting firm engaged by us;

•        pre-approving all audit and non-audit services to be provided by the independent auditors or any other registered public accounting firm engaged by us, and establishing pre-approval policies and procedures;

•        reviewing and discussing with the independent auditors all relationships the auditors have with us in order to evaluate their continued independence;

•        setting clear hiring policies for employees or former employees of the independent auditors;

•        setting clear policies for audit partner rotation in compliance with applicable laws and regulations;

•        obtaining and reviewing a report, at least annually, from the independent auditors describing (1) the independent auditor’s internal quality-control procedures and (2) any material issues raised by the most recent internal quality-control review, or peer review, of the audit firm, or by any inquiry or investigation by governmental or professional authorities, within the preceding five years respecting one or more independent audits carried out by the firm and any steps taken to deal with such issues;

•        meeting to review and discuss our annual audited financial statements and quarterly financial statements with management and the independent auditor, including reviewing our specific disclosures under “Management’s Discussion and Analysis of Financial Condition and Results of Operations”;

•        reviewing and approving any related party transaction required to be disclosed pursuant to Item 404 of Regulation S-K promulgated by the SEC prior to us entering into such transaction; and

•        reviewing with management, the independent auditors, and our legal advisors, as appropriate, any legal, regulatory or compliance matters, including any correspondence with regulators or government agencies and any employee complaints or published reports that raise material issues regarding our financial statements or accounting policies and any significant changes in accounting standards or rules promulgated by the Financial Accounting Standards Board, the SEC or other regulatory authorities.

Compensation Committee

We have established a compensation committee of the Board of Directors. The members of our compensation committee include Mr. Kekedjian and Ms. Glossman, who serves as chairman of the compensation committee. We have adopted a compensation committee charter, which details the purpose and responsibility of the compensation committee, including:

•        reviewing and approving on an annual basis the corporate goals and objectives relevant to our Chief Executive Officer’s compensation, evaluating our Chief Executive Officer’s performance in light of such goals and objectives and determining and approving the remuneration (if any) of our Chief Executive Officer based on such evaluation;

•        reviewing and making recommendations to our Board of Directors (or approving, if such authority is so delegated by our Board of Directors)below table sets forth summary information with respect to the compensation, and any incentive-compensation and equity-based plans that are subject to Board approval of all of our other officers;

•        reviewing our executive compensation policies and plans;

•        implementing and administering our incentive compensation equity-based remuneration plans;

•        assisting management in complying with our proxy statement and annual report disclosure requirements;

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•        approving all special perquisites, special cash payments and other special compensation and benefit arrangements for our officers and employees;

•        if required producing a report on executive compensation to be included in our annual proxy statement; and

•        reviewing, evaluating and recommending changes, if appropriate, to the remuneration for directors.

Notwithstanding the foregoing, as indicated above, other than the payment to our sponsor of $10,000 per month, for up to 24 months, for office space, utilities and secretarial and administrative support and reimbursement of expenses, no compensation of any kind, including finders, consulting or other similar fees, is paid to any of our existing stockholders, officers, directors or any of their respective affiliates, prior to, or for any services they render in order to effectuate the consummation of an initial business combination. Accordingly, it is likely that prior to the consummation of an initial business combination, the compensation committee will only be responsible for the review and recommendation of any compensation arrangements to be entered into in connection with such initial business combination.

The charter provides that the compensation committee may, in its sole discretion, retain or obtain the advice of a compensation consultant, legal counsel or other adviser and will be directly responsible for the appointment, compensation and oversight of the work of any such adviser. However, before engaging or receiving advice from a compensation consultant, external legal counsel or any other adviser, the compensation committee will consider the independence of each such adviser, including the factors required by Nasdaq and the SEC.

A copy of the compensation committee charter is available, free of charge, from the Company by writing to the Company’s President and Chief Financial Officer, c/o Ellenoff Grossman & Schole LLP, 1345 Avenue of the Americas, New York, New York 10105.

Director Nominations

We do not have a standing nominating committee, though we intend to form a corporate governance and nominating committee as and when required to do so by law or Nasdaq rules. In accordance with Rule 5605(e)(2) of the Nasdaq rules, a majority of the independent directors may recommend a director nominee for selection by the Board of Directors. The Board of Directors believes that the independent directors can satisfactorily carry out the responsibility of properly selecting or approving director nominees without the formationand current directors as of a standing nominating committee. The directors who shall participate in the consideration and recommendation of director nominees are Messrs. Matza and Kekedjian and Ms. Glossman. In accordance with Rule 5605(e)April 28, 2022:

NameDirector SinceAge
Class I Directors - Term Expiring at the 2022 Annual Meeting
Chris Masto202154
Joyce A. Phillips202259
Jane J. Thompson202270
Class II Directors - Term Expiring at the 2023 Annual Meeting
Lee Einbinder(1)
201962
Bruce Taragin202154
Class III Directors - Term Expiring at the 2024 Annual Meeting
Don Gayhardt202157
Brian Hirsch202148
Orlando J. Zayas202159
(1)(A) of the Nasdaq rules, all such directors are independent. As there is no standing nominating committee, we do not have a nominating committee charter in place.

The Board of Directors will also consider director candidates recommended for nomination by our stockholders during such times as they are seeking proposed nominees to stand for election at the next annual meeting of stockholders (or, if applicable, a special meeting of stockholders). Our stockholders that wish to nominate a director for election to the Board should follow the procedures set forth in our bylaws.

We have not formally established any specific, minimum qualifications that must be met or skills that are necessary for directors to possess. In general, in identifying and evaluating nominees for director, the Board of Directors considers educational background, diversity of professional experience, knowledge of our business, integrity, professional reputation, independence, wisdom, and the ability to represent the best interests of our stockholders.

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Audit Committee Report*

The audit committee has reviewed and discussed our audited financial statements with management, and has discussed with our independent registered public accounting firm the matters required to be discussed by Statement on Auditing Standards No. 61, as amended (Codification of Statements on Auditing Standards, AU 380), as adopted by the Public Company Accounting Oversight Board (the “PCAOB”) in Rule 3200T. Additionally, the audit committee has received the written disclosures and the letter from our independent registered public accounting firm, as required by the applicable requirements of the PCAOB, and has discussed with the independent registered public accounting firm the independent registered public accounting firm’s independence. Based upon such review and discussion, the audit committee recommended to the Board that the audited financial statements be included in our Annual Report on Form 10-K for the last fiscal year for filing with the SEC.

Submitted by:

Audit Committee of the Board of Directors
Robert Matza
Aris Kekedjian
Diane B. Glossman

Compensation Committee Interlocks and Insider Participation

None of our officers currently serves, and in the past year have not served, Includes service as a member of the compensation committeeboard of anydirectors of our legacy entity, FinServ Acquisition Corp. ("FinServ").


Director Diversity Summary
The matrix below summarizes certain key attributes that our directors bring to the Board to enable effective oversight and is intended to provide a summary of the diversity of our Board. Additional details on each director, including this year's director nominees, experiences, qualifications, skills and attributes are set forth in their biographies.
Board Diversity Matrix (as of April 28, 2022)
Total Number of Directors8
MastoPhillipsThompsonEinbinderTaraginGayhardtHirschZayas
Tenure and Independence
Tenure (years)11<1<
3(1)
1111
IndependenceYesYesYesYesYesYesYesNo
Demographics
Age5459706254574859
Gender IdentityMFFMMMMM
African American or Black
Alaskan Native or Native American
Asian
Hispanic or Latinx
Native Hawaiian or Pacific Islander
White
LGBTQ+NoNoNoNoNoNoYes
     Did not Disclose
(1)     Includes service as a member of the board of directors of our legacy entity, FinServ.

PROXY STATEMENT9

Proposal No. 1 - Election of Directors

Director Biographies
The following sets forth a brief biographical summary of the experience of each of our director nominees and directors as of April 28, 2022:
Name, Age, Class and TermPrincipal Occupation, Committee Memberships and BiographyOther Public Company Directorships
Chris Masto(54)
Class I (Nominee)
If elected, term will expire at the 2025 Annual Meeting of Stockholders
Co-Founder and Senior Advisor at FFL Partners
Member of the Nominating and Corporate Governance Committee
Mr. Masto has been a director of Katapult since June 2021. He is Co-Founder and Senior Advisor at FFL Partners, a private equity firm, which he co-founded in 1997 and where he served as a Partner, member of the Investment Committee and member of firm leadership until transitioning to a Senior Advisor role in 2017. Prior to co-founding FFL Partners, Mr. Masto worked as a management consultant with Bain & Company and an investment banker at Morgan Stanley & Co. Mr. Masto also currently serves on the board of directors of CURO Group Holdings Corp. (NYSE: CURO; Chairman), Resident Home (Co-Chair) and VolunteerMatch.org, and is an Advisory Board Member of Valo Ventures. He was previously a Director of Tempur Sealy International (NYSE: TPX) and Chairman of TriTech Software Systems. Mr. Masto graduated magna cum laude from Brown University with an Sc.B. in Electrical Engineering, and received a M.B.A. from Harvard Business School. We believe Mr. Masto is qualified to serve on our board of directors due to his extensive background in private equity, strategic planning and finance and his considerable experience serving on public and private boards.
Current
CURO Group Holdings Corp.
Former (Past 5 Years)
None
Name, Age, Class and TermPrincipal Occupation, Committee Memberships and BiographyOther Public Company Directorships
Joyce A. Phillips (59)
Class I (Nominee)
If elected, term will expire at the 2025 Annual Meeting of Stockholders
Founder and Chief Executive Officer of EqualFuture Corp.
Member of the Audit Committee
Ms. Phillips has been a director of Katapult since February 2022. Ms. Phillips is Founder and Chief Executive Officer of EqualFuture Corp., a FinTech startup based in San Francisco that delivers affordable personal financial wellness platforms via a SaaS model to individuals and businesses, since 2017. Previously, Ms. Phillips was CEO of Australia and New Zealand Banking Group Limited’s Global Wealth Division from 2012 to 2016 and Group Managing Director of Innovation and Marketing from 2009 to 2016. Ms. Phillips also served as President and Chief Operating Officer of American Life Insurance Co., a subsidiary of American International Group, and Global Head of International Retail Banking at Citigroup. Earlier in her career she also held management roles at GE Capital and Western Union. Ms. Phillips currently serves on the Board of Directors of The Western Union Company. Ms. Phillips served on the Board of Directors of Reinsurance Group of America from 2014 to 2017. Ms. Phillips received her M.B.A. from the Stern School of Business at New York University. We believe that Ms. Phillips is qualified to serve on our board of directors due to her extensive background leading financial companies and her substantial experience serving on the board of directors of public companies.
Current
Western Union and First Interstate BancSystem
Former (Past 5 Years)
Reinsurance Group of America
10Katapult Holdings, Inc.

Proposal No. 1 - Election of Directors
Name, Age, Class and TermPrincipal Occupation, Committee Memberships and BiographyOther Public Company Directorships
Jane J. Thompson (70)
Class I (Nominee)
If elected, term will expire at the 2025 Annual Meeting of Stockholders
Chief Executive Officer of Jane J. Thompson Financial Services LLC
Chair of the Compensation Committee
Ms. Thompson has been a Director of Katapult since February 2022. Ms. Thompson is the chief executive officer of Jane J. Thompson Financial Services LLC, a management consulting firm, since 2011. Ms. Thompson has led multi-billion-dollar organizations in financial services, most recently as president of Walmart Financial Services, a division of Walmart Stores, Inc. Previously, she led the Sears Credit, Sears Home Services, and Sears Online groups at Sears, Roebuck & Co., she served as a partner at McKinsey & Co. Inc., and in brand management and marketing at Procter & Gamble. Ms. Thompson has been a member of the board of directors of Navient Corporation since 2014 and a member of the board of directors of CompoSecure since 2021. She previously was a director of OnDeck Capital, Inc., Mitek Systems, Inc., Blackhawk Network Holdings, Inc., VeriFone Systems, Inc. and The Fresh Market. Ms. Thompson received her M.B.A. with high distinction from Harvard University and B.B.A. summa cum laude from University of Cincinnati. We believe that Ms. Thompson is qualified to serve on our board of directors due to her industry experience in credit, financial services, FinTech and retail industries, and her extensive experience serving on the board of directors of financial and retail companies.
Current
Navient Corporation and CompoSecure, Inc.
Former (Past 5 Years)
OnDeck Capital, Inc., Mitek Systems, Inc., Blackhawk Network Holdings, Inc., and VeriFone Systems, Inc.
Name, Age, Class and TermPrincipal Occupation, Committee Memberships and BiographyOther Public Company Directorships
Lee Einbinder (62)
Class II
Term expires at the 2023 Annual Meeting of Stockholders
Chief Executive Officer of FinServ Acquisition Corp. II
Chair of the Audit Committee and Member of the Nominating and Corporate Governance Committee
Mr. Einbinder has been a Director of Katapult since June 2021 and was director of its predecessor, FinServ, since inception. Mr. Einbinder has over 30 years’ experience as an M&A and capital markets advisor to financial services and FinTech companies. Previously, until August 2019, Mr. Einbinder was a Vice Chairman at Barclays and was responsible for senior client relationships across the financial services industry, including Banks, Specialty Finance, Financial Technology, Asset Management and Financial Sponsors. Mr. Einbinder was at Barclays since the acquisition of Lehman Brothers in 2008, and during that time was also co-Head of the Financial Institutions Group and a member of the Investment Banking Operating Committee. Prior to joining Barclays, Mr. Einbinder worked at Lehman Brothers from 1996 to 2008, where he was Head of the Specialty Finance group and founded the Financial Technology group. He previously worked in similar capacities at CS First Boston and Salomon Brothers. He received his M.B.A. with Distinction from the Wharton School and his B.S.E. cum laude from Princeton University. We believe Mr. Einbinder is qualified to serve on our board of directors due to his extensive finance and investment experience.
Current
FinServ Acquisition Corp. II
Former (Past 5 Years)
FinServ Acquisition Corp.
PROXY STATEMENT11

Proposal No. 1 - Election of Directors
Name, Age, Class and TermPrincipal Occupation, Committee Memberships and BiographyOther Public Company Directorships
Bruce Taragin (54)
Class II
Term expires at the 2023 Annual Meeting of Stockholders
Managing Director of Blumberg Capital
Chair of the Nominating and Corporate Governance Committee and Member of the Audit Committee
Mr. Taragin has been a director of Katapult since June 2021. Mr. Taragin had been a director of Legacy Katapult from March 2019 until the consummation of the Business Combination. Since 1998, Mr. Taragin has been a Managing Director of Blumberg Capital, an early-stage venture capital firm that focuses primarily on emerging technology companies. Prior to joining Blumberg Capital, Mr. Taragin co-founded and held several senior management positions within technology companies including Charles River Computers. Mr. Taragin also structured and managed early-stage technology transactions at Hambrecht & Quist, Mayer Brown & Platt and Bankers Trust Company. Mr. Taragin received his B.A. from Yeshiva University, and his M.B.A. and J.D. from Fordham University. We believe that Mr. Taragin is qualified to serve on our board of directors due to his more than 25 years of experience as a venture capital investor, entrepreneur, technology investment banker and corporate attorney.
Current
None

Former (Past 5 Years)
None
Name, Age, Class and TermPrincipal Occupation, Committee Memberships and BiographyOther Public Company Directorships
Don Gayhardt (57)
Class III
Term expires at the 2024 Annual Meeting of Stockholders
Chief Executive Officer of CURO Holdings Corp.
Member of the Compensation Committee
Mr. Gayhardt has been a director of Katapult since June 2021. Mr. Gayhardt had been a director of Legacy Katapult from April 2017 until the consummation of the Business Combination. Mr. Gayhardt has been the Chief Executive Officer of CURO Group Holdings Corp., or CURO, since January 2012, President since July 2013 and on the CURO board of directors since December 2012. Prior to joining CURO, Mr. Gayhardt served in various capacities at Dollar Financial Corp. (now known as DFC Global Corp.) from 1990 to 2008, including President and a member of the board of directors from 1998 to 2008. During his time with Dollar Financial, the company expanded from 60 stores to over 1,100 and revenue increased from $14 million to over $550 million. Since 2008, Mr. Gayhardt has been an investor and advisor to a number of finance, financial technology and retail businesses. Mr. Gayhardt served on the board of directors of Beneficial Bancorp Inc. until March 2019 when it merged into WSFS Financial Corporation. Mr. Gayhardt received his B.B.A. in Accounting from the University of Notre Dame. We believe Mr. Gayhardt is qualified to serve on our board of directors due to his extensive executive leadership background in the financial services industry and financial experience with publicly-traded companies.
Current
CURO Holdings Corp.
Former (Past 5 Years)
Beneficial Bancorp Inc.
12Katapult Holdings, Inc.

Proposal No. 1 - Election of Directors
Name, Age, Class and TermPrincipal Occupation, Committee Memberships and BiographyOther Public Company Directorships
Brian Hirsch (48)
Class III
Term expires at the 2024 Annual Meeting of Stockholders
Co-Founder and Managing Partner of Tribeca Venture Partners
Chair of the Board
Mr. Hirsch has been a director of Katapult since June 2021. Mr. Hirsch had been a director of Legacy Katapult from November 2016 until the consummation of the Business Combination. He is a Co-Founder and Managing Partner of Tribeca Venture Partners, or TVP, which he formed in 2011, where his investment interests include entrepreneurial startups and high growth companies in numerous technology sectors, including marketplaces, FinTech, SaaS, EdTech and consumer related businesses. Prior to founding TVP, Mr. Hirsch was a founder and Managing Director of Greenhill SAVP, the venture capital arm of Greenhill & Co., Inc., from 2006 to 2011. In total, Mr. Hirsch has been a venture capitalist and early-stage tech investor for over twenty-four years. He currently serves on the board of directors of ACV Auctions (ACVA) as well as numerous private technology companies. Mr. Hirsch received his B.A. in economics and American studies from Brandeis University. We believe that Mr. Hirsch is qualified to serve on our board of directors due to his experience providing guidance and counsel to, including serving on the boards of directors of, a wide variety of companies across different sectors, as well as his experience as a venture capitalist.
Current
ACV Auctions
Former (Past 5 Years)
None
Name, Age, Class and TermPrincipal Occupation, Committee Memberships and BiographyOther Public Company Directorships
Orlando J. Zayas (59)
Class III
Term expires at the 2024 Annual Meeting of Stockholders
Chief Executive Officer of the Company
Mr. Zayas has been the Chief Executive Officer of Katapult since June 2021 and previously was Chief Executive Officer of Legacy Katapult since September 2017. Prior to that, Mr. Zayas was the Chief Executive Officer of DRB Capital from January 2017 to September 2017. Prior to DRB Capital, Mr. Zayas was the President of TEMPOE, LLC. from October 2013 to December 2016. Before joining TEMPOE, he held various senior leader positions at GE Capital, including leading the sale of the consumer warranty business to Wachovia Bank in 2008, and leading the auto industry consumer credit card portfolio until his departure in 2013. Mr. Zayas received his B.B.A. from the University of Houston and a M.B.A. from the University of Texas. We believe Mr. Zayas is qualified to serve on our board of directors due to his deep knowledge of the Company and executive leadership experience.
Current
None
Former (Past 5 Years)
None

PROXY STATEMENT13


CORPORATE GOVERNANCE
Corporate Governance Guidelines
Our Board has one or more officers servingadopted Corporate Governance Guidelines that address, among other topics, the role and responsibilities of our directors, the structure and composition of our Board, and corporate governance policies and standards applicable to us in general. The Corporate Governance Guidelines are subject to periodic reviews and changes by our Nominating and Corporate Governance Committee and our Board. The full text of our Corporate Governance Guidelines is available on our Board of Directors.

website atSection 16(a) Beneficial Ownership Reporting Compliancehttps://ir.katapultholdings.com/corporate-governance/governance-highlights

Section 16(a) of the Exchange Act requires our officers, directors and persons who beneficially own more than ten percent of our common stock to file reports of ownership and changes in ownership with the SEC. These reporting persons are also required to furnish us with copies of all Section 16(a) forms they file. Based solely upon a review of such forms, we believe that during the year ended December 31, 2019 there were no delinquent filers.

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Code of Ethics

We have adopted a Code of Ethics applicable to our directors, officersBusiness Conduct and employees. We have filedEthics

Our Board has adopted our Code of Business Conduct and Ethics as an exhibit("Code of Conduct"), which applies to the registration statement filed in connection withall of our initial public offering. You can reviewemployees, officers and directors, including our chief executive officer ("CEO"), our chief financial officer and our other executive and senior financial officers. The full text of our Code of Ethics by accessingConductt is available on our public filingswebsite at https://ir.katapultholdings.com/corporate-governance/governance-highlights. We will post any amendments to the SEC’s web site at www.sec.gov. In addition, a copyCode of Conduct or waivers of the Code of Ethics will be provided without charge upon request from us. We intend to disclose any amendments to or waivers of certain provisions of our Code of Ethics in a Current Report on Form 8-K.

Executive Compensation

None of our officers received any cash compensationConduct for services rendered to us. We pay our sponsor a total of $10,000 per month for office space, utilities and secretarial and administrative support. Upon completion of our initial business combination or our liquidation, we will cease paying these monthly fees. No compensation of any kind, including any finder’s fee, reimbursement, consulting fee or monies in respect of any payment of a loan, will be paid by us to our sponsor, officers and directors, or any affiliate of our sponsor or officers, prior to, or in connection with any services rendered in order to effectuate, the consummation of our initial business combination (regardless of the type of transaction that it is). However, these individuals are reimbursed for any out-of-pocket expenses incurred in connection with activities on our behalf such as identifying potential target businesses and performing due diligence on suitable business combinations. Any such payments prior to an initial business combination will be made using funds held outside the trust account. Other than audit committee review of such payments, we do not expect to have any additional controls in place governing our reimbursement payments to our directors and executive officers for their out-of-pocket expenses incurred in connection with identifying and consummating an initial business combination.

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*        The information contained in this Audit Committee Report shall not be deemed to be “soliciting material” or “filed” or incorporated by reference in future filings withon the SEC, or subject to the liabilities of Section 18same website.

Director Independence
Our Board has undertaken a review of the Securities Exchange Actindependence of 1934, as amended (the “Exchange Act”) except to the extent that the Company specifically requests that the information be treated as soliciting material or specifically incorporates it by reference into a document filed under the Securities Act of 1933, as amended (the “Securities Act”) or the Exchange Act.

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Table of Contents

After the completioneach of our initial business combination, directors or members of our management team who remain with us may be paid consulting or management fees from the combined company. All of these fees will be fully disclosed to stockholders, to the extent then known, in the tender offer materials or proxy solicitation materials furnished to our stockholders in connection with a proposed initial business combination. We have not established any limit on the amount of such fees that may be paid by the combined company to our directors or members of management. It is unlikely the amount of such compensation will be known at the time of the proposed initial business combination, because the directors of the post-combination business will be responsible for determining officer and director compensation. Any compensation to be paid to our officers will be determined, or recommended to the Board of Directors for determination, either by a compensation committee constituted solely by independent directors or bydirectors. As required under The Nasdaq Stock Market (“Nasdaq”) listing standards, a majority of the independent directors on ourmembers of a listed company’s Board of Directors.

We do not intend to take any actionmust qualify as “independent,” as affirmatively determined by the Board. The Board consults with the Company’s counsel to ensure that membersthe Board’s determinations are consistent with relevant securities and other laws and regulations regarding the definition of “independent,” including those set forth in pertinent listing standards of Nasdaq, as in effect from time to time.

Based on information provided by each director concerning his background, employment and affiliations, our Board has determined that none of our management team maintain their positions with us after the consummation of our initial business combination, although it is possible that some or all of our officers andnon-employee directors may negotiate employment or consulting arrangements to remain with us after our initial business combination. The existence or terms of any such employment or consulting arrangements to retain their positions with us may influence our management’s motivation in identifying or selecting a target business but we do not believe that the ability of our management to remain with us after the consummation of our initial business combination will be a determining factor in our decision to proceed with any potential business combination. We are not party to any agreements with our officers and directors that provide for benefits upon termination of employment.

hDirector Independence

Nasdaq listing standards require that a majority of our Board of Directors be independent. An “independent director” is defined generally as a person other than an officer or employee of the company or its subsidiaries or any other individual having a relationship which in the opinion of the company’s board of directors,that would interfere with the director’s exercise of independent judgment in carrying out the responsibilities of a director. Our Boarddirector and that each of Directors has determinedthese directors is "independent" as that Messrs. Matzaterm is defined under the applicable rules and Kekedjian and Ms. Glossman are “independent directors” as defined in the Nasdaq listing standards and applicable SEC rules. Our audit committee is entirely composed of independent directors meeting Nasdaq’s additional requirements applicable to membersregulations of the audit committee. Our independent directors have scheduled meetings at which only independent directors are present.

14

TableSEC and the listing requirements and rules of Contents

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following table sets forth information regardingthe NASDAQ. In making this determination, our Board considered the current and prior relationships that each non-employee director has with Katapult and all other facts and circumstances that our Board deemed relevant in determining their independence, including the beneficial ownership of our common stock by each non-employee director and the transactions involving them described under "Certain Relationships and Related Transactions."

Further, the Board has determined that Mr. Zayas, as CEO of December 2, 2020Katapult, is not independent.
Risk Oversight
Our full Board exercises risk oversight at Katapult. Committees take the lead in discrete areas of risk oversight when appropriate. For example, the Audit Committee is primarily responsible for risk oversight relating to financial statements, the Compensation Committee is primarily responsible for risk oversight relating to executive compensation, and the Nominating and Corporate Governance Committee is primarily responsible for risk oversight relating to corporate governance. In addition, our Board and its committees exercise their risk oversight function by regularly receiving and evaluating reports from management and by making inquiries of management concerning these reports, as appropriate. Furthermore, our Board and its committees receive reports from our auditors and other consultants, such as our compensation consultant, and may meet in executive sessions with these outside consultants.
Communications with Directors
Interested parties may communicate with our Board or with an individual director by writing to our Board or to the particular director and mailing the correspondence to: Katapult Holdings, Inc., 5204 Tennyson Parkway, Suite 500, Plano, TX 75024, Attention: Corporate Secretary. The Corporate Secretary will promptly relay to the addressee all communications that she determines require prompt attention and will regularly provide our Board with a summary of all substantive communications.
14Katapult Holdings, Inc.

Corporate Governance
Board Qualifications
Our Board has delegated to our Nominating and Corporate Governance Committee the responsibility for recommending to our Board the nominees for election as directors at the annual meetings of stockholders and for recommending persons to fill any vacancy on our Board. Our Nominating and Corporate Governance Committee selects individuals for nomination to our Board based on information obtained from the persons named below,following criteria:
individual qualifications, including, relevant career experience, strength of character, maturity of judgment and familiarity with the Company’s business and industry.
all other factors it considers appropriate, including, existing commitments to other businesses, potential conflicts of interest, legal considerations, corporate governance background, financial and accounting background, executive compensation background, and the size, composition and combined expertise of the existing Board.
In addition to the above requirements, our directors are selected based on their breadth and diversity of relevant experience, professional expertise, talent, knowledge and abilities to carry out the Board’s responsibilities. Our Board is committed to seeking highly qualified candidates of diverse gender and race, as well as taking into account other factors that promote principles of diversity, including diversity of a candidate’s perspective, background, nationality, age and other demographics. As a majority of our Board must consist of individuals who are independent, a nominee's ability to meet the independence criteria established by the NASDAQ is also a factor in the nominee selection process.
The Board monitors the mix of specific experiences, qualifications and skills of its directors in order to assure that the Board, as a whole, has the necessary tools to perform its oversight function effectively in light of the Company’s business and structure.
For a better understanding of the qualifications of each of our directors, we encourage you to read their biographies set forth in this proxy statement.
Director Nominations
The Nominating and Corporate Governance Committee will consider candidates for director recommended by stockholders so long as the recommendations comply with our Certificate of Incorporation and Bylaws and applicable laws, rules and regulations, including those promulgated by the SEC. The Nominating and Corporate Governance Committee will evaluate such recommendations in accordance with its charter, our Bylaws, our corporate governance guidelines, and the regular nominee criteria described above. Stockholders wishing to recommend a candidate for nomination should comply with the procedures set forth in the section above titled "Questions and Answers on Meeting and Voting - How do I recommend a director nominee?"
Attendance at Annual Meeting
Directors are expected to attend our annual meetings of stockholders. Accordingly, we expect all of our directors will be present during the Annual Meeting.
Related-Person Transaction Policy
The Board has formally adopted a policy with respect to related-person transactions, pursuant to which the beneficial ownershipAudit Committee reviews for "a direct or indirect material interest" all transactions, arrangements or relationships (or any series of sharessimilar transactions, arrangements or relationships) involving an amount that exceeds $120,000, in which the Company (including any subsidiary or entity in which the Company or any subsidiary has a 50% or greater interest, or voting power or profits) was, is or will be a participant, and in which (a) any person who is, or at any time since the beginning of our common stock, by:

•        eachthe Company’s last fiscal year was, a director (or nominee to become a director) or officer of the Company, (b) any person who is known by us to be the beneficial owner of more than 5% of any class of the Company’s voting securities; and (c) any immediate family member of any of the foregoing persons, which means any child, stepchild, parent, stepparent, spouse, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law of the director, nominee, officer or more than 5% beneficial owner, and any person (other than a tenant or employee) sharing the household of such director, nominee, officer or more than 5% beneficial owner, are participants.

A “direct or indirect material interest” depends on the individual facts and circumstances of the transaction, relationship, arrangement or series thereof. The question of whether the transaction, relationship or arrangement (or series of similar transactions, relationships or arrangements) constitutes a material direct or indirect interest will initially be determined by the Company's General Counsel and reported to the Audit Committee. The Audit Committee has the primary responsibility
PROXY STATEMENT15

Corporate Governance
for reviewing, approving and ratifying transactions with related persons, and must approve or ratify any covered related-person transaction for it to be consummated or continue.
Related-person transactions that were identified in 2021 are included in the section below titled "Certain Relationships and Related Person and Other Transaction."
Family Relationships
As of the April 28, 2022, there are no family relationships among any of the executive officers or directors of the Company.
Board Leadership Structure
Our Board will fill the Chair of our outstanding sharesBoard and CEO positions based upon our Board's view of common stock;

what is in the best interests of Katapult and its stockholders. The CEO and Chairman may, but need not be, the same person. Currently, Orlando Zayas is our CEO and Brian Hirsch is Chair of the Board. Because the Chair of our Board is independent, we do not currently have a lead independent director.

We believe the separation of our CEO and Chair of the Board is best for our company and our stockholders at this time because it strengthens the Board’s independence from management while continuing to leverage the experience and perspective of all our non-employee directors. We believe there is good communication between management and our non-employee directors, and that our non-employee directors are able to carry out their oversight responsibilities effectively.
The small size of our Board and the relationship between management and non-employee directors put each director in a position to influence agendas, flow of information, and other matters. On occasion, our Board will hold separate meetings for independent directors without management present. These meetings generally will be held in conjunction with regularly scheduled meetings and at other times as requested by an independent director. The Chair of the Board generally chairs meetings of the independent directors. In such cases where the Chair of the Board is unavailable, a majority of the then present independent directors elect a director to chair the meeting.
Our Board believes that management speaks for Katapult. While individual non-employee directors may, from time-to-time, meet or otherwise communicate with various constituencies that are involved with us, it is expected that directors would do this with the knowledge of management and, absent unusual circumstances, only at the request of management.

16Katapult Holdings, Inc.

Corporate Governance
Board Meetings and Committees
The following table present, as of April 28, 2022, the members of each committee of the Board and the number of times each committee met during 2021:
NameBoardAudit
Committee
Compensation CommitteeNominating and Corporate Governance Committee
Lee EinbinderMCM
Don GayhardtMM
Brian HirschCBM
Chris MastoMM
Joyce A. PhillipsMM
Bruce TaraginMMC
Jane J. ThompsonMC
Orlando J. ZayasM
Number of Meetings 14542
(CB) Chair of the Board (M) Member (C) Committee Chair
Our Board has an Audit Committee, a Compensation Committee, and a Nominating and Corporate Governance Committee, each of which has the composition and responsibilities described below. Each committee is governed by a written charter and each committee charter is posted on our website athttps://ir.katapultholdings.com/corporate-governance/governance-highlights.The inclusion of our website address here and elsewhere in this proxy statement does not include or incorporate by reference the information on our website into this proxy statement.
Members serve on the Board committees for such term or terms as our Board may determine or until their earlier resignations or death. The Board has determined that each member of each committee meets the applicable Nasdaq rules and regulations regarding “independence” and each member is free of any relationship that would impair his or her individual exercise of independent judgment with regard to the Company.
Our Board held a total of 14 meetings during 2021. Each current director attended at least 75% of the meetings of the Board and the committees on which he or she serves held during his or her tenure. From time to time, our Board may also establish other, special committees when necessary to address specific issues.
Audit Committee
The Audit Committee consists of Mr. Einbinder, Ms. Phillips and Mr. Taragin, each of whom the Board has determined satisfies the independence requirements of Rule 10A-3 of the Exchange Act. Mr. Einbinder is the chair of our Audit Committee, and the Board has also determined that Mr. Einbinder is an "audit committee financial expert," as defined under SEC rules, and possess financial sophistication as required by the applicable listing standards of the NASDAQ. This designation does not impose on any of them any duties, obligations or liabilities that are greater than are generally imposed on members of our Audit Committee and our board of directors.
The Audit Committee is responsible for, among other things:
appointment, termination, compensation, independence, performance and oversight of the work of any independent accounting firm engaged to prepare or issue an audit report or related work;
considering and approving, in advance, all audit and non-audit services to be performed by independent accountants;
reviewing and discussing the adequacy and effectiveness of our accounting and financial reporting processes and controls and the audits of our financial statements;
appointment and replacement of the head of any internal audit function at the Company, including reviewing and discussing with any internal auditors the charter, purpose, authority and organizational lines of the internal audit function, the annual audit plan and budget;
establishing procedures for the receipt, retention and treatment of complaints received by us regarding accounting, internal accounting controls or auditing matters and the confidential, anonymous submission by our employees of concerns regarding questionable accounting or auditing matters;
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Corporate Governance
reviewing and discussing with management and independent auditor the annual and quarterly financial statements and related press releases prior to their release; including recommending to the Board for its approval the inclusion of the audited financial statements in the Company's annual report on Form 10-K;
reviewing and approving related-person transactions;
in consultation with the Nominating and Corporate Governance Committee, reviewing and recommending to the Board for adoption any revisions to the Company’s Code of Conduct;
reviewing and reassessing the adequacy of the Audit Committee's charter at least annually and recommending any proposed changes to the Board for approval; and
handling such other matters that are specifically delegated to the Audit Committee by our Board from time to time.
Compensation Committee
The Compensation Committee consists of Messrs. Gayhardt and Hirsch, and Ms. Thompson. Ms. Thompson is the chair of our Compensation Committee. Our Board has determined that each member of the Compensation Committee is independent under the Nasdaq listing standards and a “non-employee director” as defined in Rule 16b-3 promulgated under the Exchange Act.
The Compensation Committee is responsible for, among other things:
reviewing and making recommendations to the Board concerning the compensation of our CEO and all of our other executive officers;
periodically reviewing and advising the Board concerning the Company’s overall compensation philosophy, policies and plans, and monitoring and assessing risks associated therewith;
making recommendations to the Board regarding all employee benefit plans for the Company;
reviewing and making recommendations to the Board regarding director compensation and benefits for service on the Board and Board committees;
recommending to the Board stock ownership guidelines for the Company’s executive officers and non-employee directors, and periodically assessing such guidelines and recommend revisions, as appropriate;
making recommendations to the Board regarding the establishment and terms of the Company’s incentive compensation plans and equity-based plans and administering such plans, including approving equity-based awards;
performing such other functions and activities consistent with the Compensation Committee's Charter, the Company’s Bylaws and governing law as the Committee deems necessary or as the Board may direct.
Compensation Consultant
During the past fiscal year, after taking into consideration the six factors prescribed by the SEC and Nasdaq, the Compensation Committee engaged Semler Brossy Consulting Group LLC, an independent compensation consultant, to provide it with information, recommendations and other advice relating to executive and director compensation, until August 2021 when the Committee selected Compensia, Inc. (“Compensia”), an independent compensation consultant, as its new compensation consultants, on an ongoing basis. The Compensation Committee has assessed Compensia independence and determined that Compensia had no conflicts of interest in connection with its provisions of services to the Compensation Committee. In 2021, the Compensation Committee engaged Compensia to provide market data, peer group analysis and conduct an executive compensation assessment analyzing the cash and equity compensation of our executive officers and directors against compensation for similarly situated executives and directors at our peer group. Our Compensation Committee utilizes the data and analysis from Compensia to evaluate and determine appropriate levels of overall compensation for our executive officers, as well as each separate element of compensation, to be consistent and competitive with our peer group.
Compensation Committee Interlocks and Insider Participation
During 2021, Joanne Bradford, Don Gayhardt and Brian Hirsch served on our Compensation Committee. None of the members of the Compensation Committee were at any time during 2021, or any other time, an officer or employee of the Company. During 2021, none of our executive officers served as a member of the board of directors or compensation committee of any other entity that beneficially ownshas an executive officer serving as a member of our Board or Compensation Committee.
18Katapult Holdings, Inc.

Corporate Governance
Nominating and Corporate Governance Committee
The Nominating and Corporate Governance Committee consists of Messrs. Einbinder, Masto and Taragin. Mr. Taragin is the chair of our Nominating and Corporate Governance Committee. Our Board has determined that each member of the nominating and corporate governance committee is independent under the Nasdaq listing standards.
The Nominating and Corporate Governance Committee is responsible for, among other things:
developing, making recommendations for Board approval, and reviewing on an ongoing basis the adequacy of the corporate governance principles applicable to the Company, and review and recommend to the Board changes to the Company's bylaws as needed;
reviewing and discussing with management disclosure of the Company's corporate governance practices;
reviewing, at least annually, the Company's compliance with the corporate governance listing requirements of Nasdaq, and report to the Board on same;
determining criteria for selecting new directors, and considering and recommending director candidate and nominees to the Board
working with management, developing orientation materials for new directors and corporate governance-related continuing education for all Board members.
developing criteria for evaluation of the performance of the Board and each of its committees, and if requested, assisting the Board in carrying out the performance evaluation;
considering and making recommendations to the Board concerning qualifications, appointments and removal of committee members;
reviewing succession planning for our executive officers and evaluating potential successors;
proposing changes to the Nominating and Corporate Governance Committee Charter or the scope of responsibilities of the Nominating and Corporate Governance Committee to the Board for appropriate action;
in consultation with the Audit Committee, reviewing and recommending to the Board for adoption any revisions to the Company’s Code of Conduct;
reviewing proposed waivers of the Code of Conduct for directors and executive officers; and
performing any other functions and activities consistent with the Committee's Charter, the Company’s Bylaws and governing law, as the Committee or the Board deems necessary or appropriate.
Our Board determines the appropriate characteristics, skills and experience for the Board as a whole and for its individual members. The Board considers recommendation for nominees from the Nominating and Corporate Governance Committee. In making its recommendations, the Nominating and Governance Committee considers (a) individual qualifications, including relevant career experience, strength of character, maturity of judgment, familiarity with the Company’s business and industry and (b) all other factors it considers appropriate, including existing commitments to other businesses, potential conflicts of interest, legal considerations, corporate governance background, financial and accounting background, executive compensation background and the size, composition and combined expertise of the existing Board. As stated in our Corporate Governance Guidelines, the Board is committed to seeking out highly qualified candidates of diverse gender and race, as well as taking into account other factors that promote principles of diversity, including diversity of a candidate’s perspective, background, nationality, age and other demographics. The Board monitors the mix of specific experiences, qualifications and skills of its directors in order to assure that the Board, as a whole, has the necessary tools to perform its oversight function effectively in light of the Company’s business and structure. However, the Board and the Nominating and Corporate Governance Committee retain the right to modify these qualifications from time to time. Candidates for director nominees are reviewed in the context of the current composition of the Board, the operating requirements of the Company and the long-term interests of shareholders. In conducting this assessment, the Nominating and Corporate Governance Committee typically considers diversity (including gender, racial and ethnic diversity), age, skills and such other factors as it deems appropriate, given the current needs of the Board and the Company, to maintain a balance of knowledge, experience and capability.
The Nominating and Corporate Governance Committee appreciates the value of thoughtful Board refreshment, and considers the combination and mixture of skills, experience and judgment that the directors bring to the Board to assess whether the Board has the necessary tools to perform its oversight function effectively. In the case of incumbent directors whose terms of office are set to expire, the Committee reviews these directors’ overall service to the Company during their terms, including the number of meetings attended, level of participation, quality of performance and any other relationships and transactions that might impair the directors’ independence. The Committee also takes into account the results of the Board’s self-evaluation, conducted annually on a group and individual basis with an outside consultant. In the case of new director candidates, the Nominating and Corporate Governance Committee also determines whether the nominee is
PROXY STATEMENT19

Corporate Governance
independent for Nasdaq purposes, which determination is based upon applicable Nasdaq listing standards, applicable SEC rules and regulations and the advice of counsel, if necessary. The Nominating and Corporate Governance Committee then uses its network of contacts to compile a list of potential candidates, but may also engage, if it deems appropriate, a professional search firm. The Nominating and Corporate Governance Committee conducts any appropriate and necessary inquiries into the backgrounds and qualifications of possible candidates after considering the function and needs of the Board. The Nominating and Corporate Governance Committee meets to discuss and consider the candidates’ qualifications and then selects a nominee for recommendation to the Board by majority vote. In fiscal 2021, the Nominating and Corporate Governance Committee paid a fee to Howard Fischer Associates to assist in the process of identifying or evaluating director candidates.
The Nominating and Corporate Governance Committee will consider director candidates recommendations validly made by the Company’s stockholders pursuant to Rule 14a-8 under the Exchange Act and the Company’s bylaws.
Board and Committee Self-Evaluation Process
In accordance with our Corporate Governance Guidelines and the charter of each Board committee, on an annual basis our Board and committees each conduct a rigorous self-evaluation process that includes individual evaluations by each director. The process, which proceeds independently from the Company’s management, is overseen by our Nominating and Corporate Governance Committee with the assistance of an independent outside advisor. Each director provides written responses discussing his or her feedback on the performance and effectiveness of the Board and the committees on which they serve, and the independent outside advisor may conduct brief interviews with the Board members if warranted. The feedback is compiled anonymously and presented to the Board. The Board believes that this annual self-evaluation process supports its effectiveness and continuous improvement.
20Katapult Holdings, Inc.


DIRECTOR COMPENSATION
Introduction
Our Director Compensation program reflects our desire to attract, retain and motivate highly qualified individuals who have the skills, experience, expertise and background necessary to serve on the board of directors of a company of our size and complexity and who can continue to guide the Company to provide long-term value to its stockholders. Accordingly, our Director Compensation program is designed to provide our non-employee directors with a mix of cash and long-term equity compensation that both fairly compensates them for the services they provide to us as non-employee directors and aligns their interests with the long-term interests of our stockholders.
2021 Director Compensation
Our non-employee directors receive a mix of cash and equity compensation under our Non-Employee Director Compensation Policy (the "Compensation Policy") for their service on our Board. Non-employee directors receive annual cash compensation of $50,000 for service on our Board and our Chair of the Board receives annual cash compensation of $100,000. Non-employee directors also receive additional cash compensation for service on Board committees as follows:
Audit Committee – $20,000 for the chair and $10,000 for each other member;
Compensation Committee – $15,000 for the chair and $7,500 for each other member; and
Nominating and Governance Committee – $10,000 for the chair and $5,000 for each other member.
For 2021, each non-employee director, other than Ms. Bradford, received an initial grant of restricted stock units ("RSUs") under the Katapult 2021 Equity Incentive Plan (the "2021 Incentive Plan") with a grant-date fair market value of $300,000, which grants were made on September 9, 2021. In recognition of Ms. Bradford unique qualifications and experience, the board approved an initial grant of RSUs to Ms. Bradford having a grant-date fair market value of $450,000.Initial grants of RSUs vest over a two-year period, with fifty percent (50%) of the RSUs vesting on the earlier of (i) the date of the following year’s annual meeting (or the date immediately prior to the next annual meeting if the non-employee director's service as a director ends at such annual meeting), or (ii) the one-year anniversary measured from the date of grant, and fifty percent (50%) of the RSUs vesting on the earlier of (i) the date of the second annual meeting following the grant date (or the date immediately prior to the next annual meeting if the non-employee director's service as a director ends at such annual meeting), or (ii) the two-year anniversary measured from the date of grant, subject to the director's continued service as a member of the Board through such vesting dates.
Under the Compensation Policy, non-employee directors will also receive an annual grant of RSUs at each annual meeting having a grant-date fair value of $150,000. Annual grants of RSUs would vest in full on the earlier of (i) the date of the following year's annual meeting (or the date immediately prior to the next annual meeting if the non-employee director's service as a director ends at such annual meeting), or (ii) the one-year anniversary measured from the grant date, subject to the non-employee director's continued service as a member of the Board through each such vesting date. Under the Compensation Policy in effect during 2021 the annual RSU grants would be prorated to reflect the time between a non-employee director's election or appointment date and the date of the next annual meeting of stockholders.
The Compensation Committee reviews the full structure and philosophy of our non-employee director compensation program on an annual basis. In the first quarter of 2022, the Compensation Committee, in consultation with its independent compensation consultant, analyzed the overall level and mix of compensation under our Compensation Policy as compared to the Company’s peer group and conducted a review of current trends and best practices regarding director compensation. During the review, the Compensation Committee determined that the then existing compensation for non-employee directors remained largely appropriate, except with respect to the vesting terms of the initial grants of RSUs and the proration of the annual grants based on when a non-employee director joins the Board.
Upon recommendation by the Compensation Committee, the Board approved that starting in 2022, the Initial grant of RSUs to non-employee directors will vest over a three-year period, with one-third (1/3) of the RSUs vesting on the first anniversary of the grant date, one-third (1/3) of the RSUs vesting on the second anniversary of the grant date and the remaining one-third (1/3) of the RSUs vesting on the third anniversary of the grant date, such that the initial grant of RSUs be fully vested on the third anniversary of the date of grant, subject to the non-employee director’s continued service as a member of the Board through each such vesting date. The Committee also recommended, and the Board approved removing the proration of shares in connection with the annual grant of RSUs to non-employee directors to be issued at each annual meeting.
PROXY STATEMENT21


Notwithstanding the vesting terms set forth above, RSU awards granted to non-employee directors that are unvested as of the occurrence of Change in Control (as defined in the 2021 Incentive Plan) will vest in full upon a Change in Control, subject to the director’s continued service as a member of the board through the date of such Change in Control.
Upon recommendation by the Compensation Committee, the Board adopted the Katapult Holdings, Inc. Non-Employee Directors Deferred Compensation Plan effective March 31, 2022 (the "Deferral Plan"). Under the terms of the Deferral Plan, non-employee directors may elect, on an annual basis, to defer receipt of 100%, but not less than 100%, of their RSU grant and subsequent annual RSU grants issued pursuant to our Compensation Policy. Initial deferral elections with respect to existing RSU grants may be made within 30 days of the adoption of the Deferral Plan and apply only to the portion of such grants earned after the date the initial deferral election becomes irrevocable. Thereafter, deferral elections will be evergreen unless and until a director submits to the Company a new election form which must, in all cases, be submitted prior to December 31 of the year immediately preceding the year to which the election relates. Deferred RSUs will be settled in shares of the Company's common stock in one lump sum on the earlier of (i) the participant's separation from service as a member of the Board or (ii) a Change in Control.
Director Compensation Table
The following table summarizes the compensation of our non-employee directors who served during 2021.
Name(1)
Fees Earned or Paid
in Cash (1)
 ($)
Stock Awards (2)(3)
($)
Total (4)
($)
Joanne Bradford36,250 450,000 (5)486,250 
Lee Einbinder36,250 300,000 336,250 
Don Gayhardt43,221 300,000 343,221 
Brian Hirsch59,952 300,000 359,952 
Chris Masto30,673 300,000 330,673 
Bruce Taragin39,038 300,000 339,038 
(1)Directors' fees are paid quarterly in arrears. Amounts reported in this column constitute fees for service during fiscal year 2021.
(2)Represents the aggregate grant-date fair value of each award of RSUs calculated in accordance with Financial Accounting Standards Board Accounting Standards Codification ("ASC") Topic 718. The grant-date fair value of each award is calculated on the basis of the closing price of our common stock on the date of grant of each award. The assumptions used to calculate the grant-date fair value of the awards reported in this column are set forth in Note 2 to our audited consolidated financial statements included in our Annual Report on Form 10-K filed on March 15, 2022.
(3)As of December 31, 2021, each of Messrs. Einbinder, Gayhardt, Hirsch, Masto and Taragin held an aggregate of 47,619 unvested RSUs, and Ms. Bradford held an aggregate of 71,428 unvested RSUs.
(4)There are no compensation or benefit programs available for non-employee directors other than the cash amounts and equity grants described above. Consequently, the Company has not included columns in the 2021 Director Compensation Table for non-equity incentive plan compensation or change in pension value and non-qualified deferred compensation earnings, as the values for each of these items would be reported as zero.
(5)100% of Ms. Bradford's RSU award was forfeited upon her departure from the Board on February 8, 2022.
Orlando Zayas, our CEO, is also a member of our Board but does not receive any additional compensation for his service as a director. See the section below titled “Executive Compensation” for more information regarding the compensation earned by Mr. Zayas.
Katapult’s policy is to reimburse directors for reasonable and necessary out-of-pocket expenses incurred in connection with attending board and committee meetings or performing other services in their capacities as directors.
22Katapult Holdings, Inc.


EXECUTIVE OFFICERS
Executive Officers
In addition to Orlando J. Zayas, Chief Executive Officer, the table below sets forth information regarding our executive officers as of April 28, 2022.
NameAgeCurrent Position
Orlando Zayas59Chief Executive Officer
Karissa Cupito41Chief Financial Officer
Derek Medlin39Chief Operating Officer
Chandan Chopra46Chief Technology Officer
Fangqiu Sun49Chief of Decision Science
Tahmineh Maloney47General Counsel and Head of Compliance
Executive Officer Biographies
The following is a brief biographical summary of the experience of our executive officers:
Orlando Zayas For a brief biographical summary of the experience of Mr. Zayas, see above the section titled "Proposal No. 1 Election of Directors—Director Biographies."
Karissa Cupitohas been the Chief Financial Officer for Katapult since June 2021 and previously was Chief Financial Officer of Legacy Katapult since November 2017 and oversees the financial operations including accounting, tax, treasury, financial planning, reporting, and capital markets. Prior to joining Katapult, Ms. Cupito oversaw all accounting functions for CaaStle, a NYC-based start-up subscription fashion business, from March 2017 through November 2017. Prior to that, Ms. Cupito was the Chief Financial Officer for TEMPOE, LLC from January 2016 through March 2017. Ms. Cupito has a B.S. and Masters of Accountancy from Miami University.
Derek Medlin has been the Chief Operating Officer of Katapult since June 2021 and previously was Chief Operating Officer of Legacy Katapult since July 2018. Prior to that, Mr. Medlin was the Executive Vice President of Operations for Katapult from July 2017 to July 2018. Before joining Katapult, Mr. Medlin was an Executive Director at JPMorgan Chase from 2014 to 2017, Vice President at Elavon (U.S. Bank) from 2009 to 2014, and a Senior Analyst at Pyramid Research from 2006 to 2009. Mr. Medlin has a B.A. and M.I.B. from Georgia State University.
Chandan Chopra has been the Chief Technology Officer of Katapult since June 2021 and previously was Chief Technology Officer of Legacy Katapult since April 2018. Prior to that, Mr. Chopra was the founder of KleverLend since 2016, Chief Technology Officer at DeFi Solutions from 2012 to 2013 and Enterprise Services Lead at Think Finance (now Elevate) from 2008 to 2012. Mr. Chopra has a B.S. from Mahatma Jyotiba Phule Rohilkhand University.
Fangqiu Sun has been the Chief of Decision Science of Katapult since July 2021 and previously was Chief Risk Officer of Legacy Katapult from February 2020 to July 2021 and Chief Credit Officer of Legacy Katapult from October 2018 to February 2020. Prior to that, Ms. Sun was Executive Director of J.P. Morgan Chase & Co. from June 2017 to October 2018 and previously the VP, Credit Risk Management and Analytics at CNG Holdings from 2016 to 2017. Ms. Sun has a B.A. from Jilin University and a M.S. from Iowa State University.
Tahmineh (Tammy) Maloney has been the General Counsel of Katapult since June 2021 and previously was General Counsel of Legacy Katapult since April 2021. Prior to that, Ms. Maloney was Consultant General Counsel from 2020 to February 2021 to American Challenger Development Corporation and from 2018 to 2020 was the General Counsel of E*TRADE Bank and from 2017 to 2018 was Vice President, Enterprise Compliance at E*TRADE. Earlier in her career, Ms. Maloney was an attorney in the legal departments of the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency. Ms. Maloney also worked as an associate in the financial institutions practice of an international law firm. Ms. Maloney has a B.A. from New College of Florida and a J.D. from Georgetown University Law Center.
PROXY STATEMENT23


SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
The following table sets forth certain information with respect to the beneficial ownership of our common stock as of April 8, 2022 , referred to in the table below as the "Beneficial Ownership Date," by:
each beneficial owner of 5% or more of the outstanding shares of our common stock;
each of our directors and

director nominees;

each of our named executive officers; and
all ourdirectors, director nominees and executive officers and directors as a group.

Unless otherwise indicated, we believe

Beneficial ownership is determined in accordance with the rules of the SEC. In computing the number of shares beneficially owned by a person and the percentage ownership of that all personsperson, shares of common stock subject to options or issuable under convertible securities held by that person that are currently exercisable or exercisable within 60 days of the Beneficial Ownership Date are deemed outstanding, but are not deemed outstanding for computing the percentage ownership of any other person. Percentage of beneficial ownership is based on 98,126,012 shares of common stock outstanding as of the Beneficial Ownership Date.
To our knowledge, except as set forth in the footnotes to this table and subject to any applicable community property laws, each person named in the table havehas sole voting and investment power with respect to allthe shares of common stock beneficially owned by them.

 

Class A Common Stock

 

Class B Common Stock

Name and Address of Beneficial Owner(1)

 

Number of
Shares
Beneficially
Owned

 

% of
Class

 

Number of
Shares
Beneficially
Owned(2)

 

% of
Class

FinServ Holdings LLC(2)(3)

 

 

 

 

6,250,000

 

100.0

%

Lee Einbinder

 

 

 

 

6,250,000

 

100.0

%

Howard Kurz

 

 

 

 

6,250,000

 

100.0

%

Robert Matza

 

 

 

 

 

 

Diane B. Glossman

 

 

 

 

 

 

Aris Kekedjian

 

 

 

 

 

 

All executive officers and directors as a group (5 individuals)

 

 

 

 

6,250,000

 

100.0

%

Millennium Management LLC(4)

 

2,030,000

 

8.1

%

 

 

 

Glazer Capital LLC(5)

 

1,751,621

 

7.0

%

    

 

Magnetar Financial LLC(6)

 

1,541,155

 

6.2

%

    

 

Periscope Capital, Inc.(7)

 

1,558,508

 

6.2

%

    

 

RP Investment Advisors(8)

 

1,400,000

 

5.6

%

 

 

 

HGC Investment Management Inc.(9)

 

1,391,400

 

5.6

%

 

 

 

Magnetar Financial LLC(10)

 

1,256,775

 

5.0

%

 

 

 

____________

(1)      Unlessset forth opposite such person's name. Except as otherwise noted,indicated, the business address of each of the following entities or individualspersons in this table is c/o Ellenoff Grossman & Schole LLP, 1345 AvenueKatapult Holdings, Inc., 5204 Tennyson Parkway, Suite 500, Plano, TX 75024, Attention: Corporate Secretary.

 Number of Shares of Common Stock Beneficially Owned% of Outstanding Common Stock
 
Name of Beneficial Owner
Named Executive Officers and Directors:  
Orlando J. Zayas(1)
5,904,1755.8
Chandan Chopra(2)
1,158,5011.2
Fangqiu Sun(3)
727,771*
Lee Einbinder(4)
1,488,8771.5
Don Gayhardt(5)
24,565,17325.0
Brian Hirsch(6)
4,716,8784.8
Chris Masto(7)
24,565,17325.0
Joyce A. Phillips*
Bruce Taragin(8)
6,489,6436.6
Jane J. Thompson*
All executive officers and directors as a group (14 persons)48,250,02348.9
5% Stockholders:  
CURO Group Holdings Corp (and its subsidiaries)(9)
24,541,36425.0
Blumberg Capital III, L.P.(10)
6,465,8346.6
Tiger Global Investments L.P.(11)
5,000,0005.1
*    Represents beneficial ownership of less than 1%.
(1)Includes 511,679 Earn-out Shares (as defined in the Americas, New York, New York 10105.

(2)Agreement and Plan of Merger, dated December 18, 2020 (the “Merger Agreement”), by and among FinServ, Keys Merger Sub 1, Inc., Keys Merger Sub 2, LLC, the entity formerly known as Katapult Holdings, LLC, our sponsor, isInc. (“Legacy Katapult”), and Orlando Zayas, in his capacity as the record holderrepresentative of all Pre-Closing Holders (as defined in the Merger Agreement) and that will vest upon achievement of certain common stock trading price threshold), options to acquire 4,248,432 shares reported herein.of common stock and 22,961 RSUs that have vested or will vest within 60 days of April 8, 2022.

(2)Includes 97,479 Earn-out Shares, options to acquire 981,709 shares of common stock and 19,654 RSUs that have vested or will vest within 60 days of April 8, 2022.
(3)Includes 63,312 Earn-out Shares and 12,972 RSUs that will vest within 60 days of April 8, 2022.
(4)Includes 23,809 RSUs that have vested or will vest within 60 days of April 8, 2022, 322,986 shares of common stock subject to vesting and forfeiture on the same terms as the Earn-Out Shares., 400,000 shares owned by Lisa Einbinder as trustee of Lee Einbinder our2011
24Katapult Holdings, Inc.

Ownership of Common Stock
Irrevocable Trust which Mr. Einbinder disclaims any beneficial ownership therein, and 49,375 shares issuable upon the exercise of Private Placement Warrants held by Mr. Einbinder.
(5)Includes 23,809 RSUs that have vested or will vest within 60 days of April 8, 2022 and 24,541,364 shares of common stock, including 2,990,305 Earn-out Shares, held by CURO, CURO Financial Technologies Corp., CURO Intermediate Holdings Corp. and CURO Venture, LLC (collectively, the "CURO Entities"). Mr. Gayhardt is a director and Chief Executive Officer of CURO, and Howard Kurz, our President, are the managing members of our sponsor and havemay share voting and investment discretion with respect to the common stock held by our sponsor. Asor dispositive power over such they may be deemed to haveshares. Mr. Gayhardt has disclaimed any beneficial ownership of the common stockreported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
(6)Includes 4,608,069 shares of Common Stock, including 603,225 Earn-out Shares, held directly by Tribeca Venture Fund I (NY), L.P., Tribeca Venture Fund I, L.P. and Tribeca Annex Fund (collectively, the “Tribeca Entities”). Each of Tribeca Venture Partners I GP, LLC, the general partner of the Tribeca Entities, and Brian Hirsch, a member of our sponsor. Each such personboard of directors, and Charles Meakem, the managing partners of Tribeca Venture Partners I GP, LLC, have voting and dispositive power over the shares held by the Tribeca Entities. Mr. Hirsch is a Co-Founder and Managing Partner of Tribeca Venture Partners. The address of each of these entities is 99 Hudson Street, 15th Floor New York, NY 10013. Mr. Hirsch disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly. Each
(7)Includes 23,809 RSUs that have vested or will vest within 60 days of April 8, 2022 and 24,541,364 shares of common stock, including 2,990,305 Earn-out Shares, held by the CURO Entities. Mr. Masto is chairman of the board of CURO, and may share voting or dispositive power over such shares. Mr. Masto has disclaimed any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
(8)Includes 23,809 RSUs that have vested or will vest within 60 days of April 8, 2022.Mr. Taragin is a managing director of Blumberg Capital. 6,465,824 shares of common stock, including 853,847 Earn-out Shares, are held of record by Blumberg Capital III, L.P. ("BC III"). Blumberg Capital Management III, L.L.C. (“BCM III”) is the sole general partner of BC III and owns no shares of Katapult directly. David J. Blumberg is the managing director of BCM III and owns no shares of Katapult directly. BCM III and Mr. Blumberg share voting and dispositive power over the shares held by BC III and may be deemed to beneficially own the shares held by BC III. Mr. Taragin has disclaimed any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
(9)According to Amendment No. 1 to Schedule 13D filed with the SEC on December 14, 2021, by the CURO Entities, wherein the CURO Entities reported beneficial ownership of 24,541,364 shares of common stock, including 2,990,305 Earnout Shares, as of December 10, 2021. The business address of CURO Group is 3615 North Ridge Road, Wichita, KS 67205.
(10)According to the Schedule 13G filed with the SEC on February 14, 2022, by BC III, BCM III and David J. Blumberg, wherein Blumberg BC III, BCM III and David J. Blumberg reported beneficial ownership of 6,465,834 shares of common stock, including 853,847 Earn-out Shares as of February 14, 2022. The business address of each BC III, BCM III and Mr.Blumberg is 432 Bryant Street, San Francisco, CA 94107.
(11)     According to the Schedule 13G filed with the SEC on June 21, 2021 by Tiger Global Investments, L.P., Tiger Global Performance, LLC, Tiger Global Management, LLC, Charles P. Coleman III and Scott Shleifer, wherein Tiger Global Investments, L.P., Tiger Global Performance, LLC, Tiger Global Management, LLC, Charles P. Coleman III and Scott Shleifer reported 5,000,000 shares of common stock. The business address of Tiger Global Investments, L.P. is c/o Citco Fund Services (Cayman Islands) Limited, P.O. Box 31106, 89 Nexus Way, Camana Bay, Grand Cayman KY1-1205,Cayman Islands, and the business address of Tiger Global Performance, LLC, Tiger Global Management, LLC, Charles P. Coleman III and Scott Shleifer is 9 West 57th Street, 35th Floor, New York, NY 10019.
Prohibition on Hedging
Hedging or monetization transactions can be accomplished through a number of possible mechanisms, including through the use of financial instruments such as zero-cost collars, prepaid variable forwards, equity swaps, puts, calls, forwards and other derivative instructions. Hedging transactions may permit a director, officer or employee to continue to own our securities obtained through employee benefit plans or otherwise, but without the full risks and rewards of ownership. When that occurs, the director, officer or employee may no longer have the same objectives as our other stockholders. Therefore, directors, officers and employees are prohibited by our Insider Trading Policy from engaging in any such transactions.
Policy on Stock Pledging
Our Insider Trading Policy only permits pledges of our securities by directors and executive officer upon receiving prior clearance from our Compliance Officer before holding Company securities in a margin account or pledging Company securities as collateral for a loan. As of the record date, none of our directors or officers have pledged any of our securities.
Policy on Short Sales
Short sales evidence the seller’s expectation that the Company's securities will decline in value, signaling to the market that the seller has no confidence in the Company or its short-term prospects, and may reduce the seller’s incentive to improve the Company's performance. Section 16(c) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), prohibits executive officers and directors from engaging in short sales. Therefore, directors and executive officers are prohibited by our Insider Trading Policy from engaging in any such transactions.
PROXY STATEMENT25

Ownership of Common Stock
Policy on Short-Term Trading
Executive officers and directors who purchase the Company's securities in the open market may not sell any of the Company's securities of the same class during the six months following the purchase (or vice versa). Short-term trading of the Company’s securities may be distracting and may unduly focus the person on short-term stock market performance, instead of the Company's long-term business objectives, and may result in the disgorgement of any short swing profits. Therefore, directors and executive officers are prohibited by our Insider Trading Policy from engaging in any such transactions.
26Katapult Holdings, Inc.


EXECUTIVE COMPENSATION
As an "emerging growth company," we have opted to comply with the executive compensation disclosure rules applicable to "smaller reporting companies," as such term is directlydefined in the rules promulgated under the Securities Act. These rules require compensation disclosure for our principal executive officer and the two most highly compensated executive officers other than our principal executive officer. These officers are referred to as our named executive officers ("NEOs"). Our NEOs for 2021 consist of the following three individuals:
Orlando J. Zayas, our Chief Executive Officer;
Chandon Chopra, our Chief Technology Officer; and
Fangqiu Sun, our Chief of Decision Science.
Summary Compensation Table
The table below sets forth the annual compensation earned by our NEOs for the year ended December 31, 2021.
Name and Principal PositionYear
Salary(1)
($)
Bonus(2)
($)
Stock
 Awards(3)
($)
All Other
 Compensation(4)
 ($)
Total(5)
($)
Orlando J. Zayas
Chief Executive Officer
2021554,167 400,000 2,314,469 45,185 3,313,821 
2020360,444 400,000 7,425,092 70,750 8,256,286 
Chandan Chopra
Chief Technology Officer
2021274,076 244,393 1,981,130 14,500 2,514,099 
Fangqiu Sun
Chief of Decision Science
2021255,271 229,537 1,307,546 14,500 1,806,854 
(1)Amounts in this column reflect the actual base salaries earned by each named executive officer in 2021 and for Mr. Zayas in 2020. For additional information, see below the section titled "Additional Summary Compensation Table Details—Base Salaries."
(2)Amounts in this column reflect (i) a one-time public company readiness bonus of $400,000 for Mr. Zayas, (ii) an annual discretionary cash bonus of $99,793 and a one-time public company readiness bonus of $144,600 for Mr. Chopra and (iii) an annual discretionary bonus of $91,477 and one-time public company readiness bonus of $138,060 for Ms. Sun. For additional information, see below the section titled "Additional Summary Compensation Table Details—Bonuses."
(3)Amounts reported in this column constitute the aggregate grant date fair value of each award of RSUs calculated in accordance with FASB ASC Topic 718. For grants made in 2021, the fair market value of our common stock (based on the market closing price) was $6.30 per share for awards granted on September 9, 2021, and for 2020, the fair market values (based on the market closing prices) was $3.28 per share for awards granted on August 26, 2020 to Mr. Zayas. The assumptions used to calculate these amounts are discussed in Note 2 to our financial statements included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2021, filed with the SEC on March 15, 2022.
(4)Amounts reported in this column for 2021 reflect (i) Company contributions to the Company's 401(k) plan in the amount of $14,500 for each of the NEOs, and (ii) for Mr. Zayas, a total of $30,685 in rental payments paid by the Company for an apartment in New York which payments ended following a transition period upon the move of the Company's headquarters to Plano, TX (the "Rental Fees"). Amounts reported in this column for 2020 reflect for Mr. Zayas (i) Company contributions to the Company's 401(k) plan in the amount of $13,750, and (ii) $57,000 in Rental Fees.
(5)Mr. Chopra and Ms. Sun were not named executive officers for the year ended December 31, 2020 and, accordingly, only their respective compensation for the year ended December 31, 2021 is included in the Summary Compensation Table in accordance with SEC rules.
Additional Summary Compensation Table Details
Base Salaries are intended to provide a level of compensation sufficient to attract and retain an effective management team, when considered in combination with the other components of the executive compensation program. In general, we seek to provide a base salary level designed to reflect each executive officer’s scope of responsibility and accountability. Our Board, on recommendation by the Compensation Committee, set NEO base salaries for 2021 based on the Compensation Committee's review of available market information. See above the “Salary” column in the 2021 Summary Compensation Table for the base salary amounts earned by the NEOs in 2021. The base salaries for Mr. Zayas, Mr. Chopra and Ms. Sun in 2021 were $400,000, $241,000 and $230,100, respectively, from January 1 to June 8, 2021 and $675,000, $300,000 and $275,000, respectively, from June 9 to December 31, 2021.
PROXY STATEMENT27

Executive Compensation
Cash Bonuses have historically been provided on a discretionary basis pursuant to each named executive officer’s employment agreement. The NEOs were eligible to receive a discretionary cash bonus for 2021 based on the Board's assessment of the Company's operational and financial performance and the individual performance of each individual NEO. Mr. Chopra and Ms. Sun received bonuses in the amount of $99,793 and $91,477, respectively. Separately, the Board awarded a discretionary bonus to each NEO based on his or indirectly,her contributions in connection with the completion of the business combination transaction and becoming a newly public company. See above the “Bonus” column in the 2021 Summary Compensation Table for the bonus amounts received by the named executive officers in 2021.
Equity Awards granted pursuant to our equity compensation program is the primary vehicle for offering long-term incentives to our executive officers. Katapult believes that equity awards provide our executive officers with a strong link to long-term performance, create an ownership culture and help to align the interests of our executive officers and stockholders. To date, we have historically granted stock options and RSUs to our executive officers. In addition, we grant equity awards broadly to our employees, including to our non-executive employees. We believe that equity awards are an important motivation and retention tool for our executive officers, as well as for our other employees. The Board and its Compensation Committee are responsible for approving equity awards.
Prior to the completion of the Business Combination, we granted equity awards in the form of stock options and RSU awards pursuant to our legacy stock incentive plan, the Cognical, Inc. 2014 Stock Incentive Plan (the “2014 Incentive Plan”), and following the Business Combination,pursuant to the 2021 Incentive Plan. All options were granted with an exercise price per share that is no less than the fair market value of the Company's common stock on the date of grant of such award. Stock option awards generally vest over a four-year period with a one-year cliff and may be subject to acceleration of vesting and exercisability upon certain termination and change in control events. Restricted stock unit awards generally vest over a four-year period with a one-year cliff and may be subject to acceleration of vesting upon certain termination and change of control events. The equity awards granted to the NEOs in 2021, which were in the form of RSU awards, are reflected in the "Stock Awards" column of the 2021 Summary Compensation Table above and in the "Stock Awards" columns in the 2021 Outstanding Equity Awards at Fiscal Year-End Table below.
At the consummation of the Business Combination, outstanding options and RSU awards granted under the 2014 Incentive Plan were assumed by the Company and converted into options to purchase shares of our common stock and RSU awards that may vest and be settled for shares of our common stock. Upon the effectiveness of the 2021 Incentive Plan, no additional grants are being made under the 2014 Incentive Plan. Our NEO received a total of 889,388 RSUs under their RSU awards in 2021 and no option grants.
Perquisites. We maintain a 401(k) plan for our employees, including our executive officers, to encourage our employees to save some portion of their cash compensation for their eventual retirement. Pursuant to a discretionary employer match, during 2021, we matched all employee contributions at 100% of the employee’s contribution up to a limit of 5% of the employee’s eligible compensation up to the IRS imposed limit. Our CEO also received reimbursement or payment on his behalf for rent on an apartment in New York City.
Outstanding Equity Awards at Fiscal Year-End
The table below sets forth the outstanding equity awards held by the NEOs as of December 31, 2021.
 Option AwardsStock Awards
NameOption/Stock
 Award Grant
 Date
 Number of
 Securities
 Underlying
 Unexercised
 Options (#)
 Exercisable
Number of
 Securities
 Underlying
 Unexercised
 Options
 Unexercisable (#)
Option
 Exercise
 Price ($)
Option
 Expiration
 Date
Number of
 Shares or
 Units of
 Stock That
 Have Not
 Vested (#)
Market Value
 of Shares or
 Units of Stock
 That Have Not
Vested ($)(1)
Orlando J. Zayas11/21/2017(2)941,571— 0.54 11/21/2027
9/5/2019(2)2,811,656— 0.19 9/5/2029
9/5/2019(2)554,319— 0.19 9/5/2029
9/9/2021(3)367,3761,238,057 
Chandan Chopra8/1/2018(2)177,060— 0.85 8/1/2028
9/5/2019(2)148,596— 0.19 9/5/2019
9/5/2019(2)656,053— 0.19 9/5/2029
9/9/2021(3)314,4651,059,747 
Fangqiu Sun9/9/2021(3)207,547699,433 
28Katapult Holdings, Inc.

Executive Compensation
(1)The market value of unvested stock awards is based on a price of $3.37 per share, which was the market closing price of our common stock on December 31, 2021.
(2)All of the outstanding option awards accelerated to vest on June 9, 2021, the effective time of our Business Combination pursuant to the Merger Agreement. For more information regarding the business combination, see Note 1 "Description of Business and Basis of Presentation" in our Annual Report on Form 10-K for the fiscal year ended December 31, 2021, filed with the SEC on March 15, 2022.
(3)Represents RSU awards that vest over a four-year period, with 25% of the RSUs vesting on March 15, 2022, and the remaining 75% percent vesting in 12 substantially equal quarterly installments in February, May, August and November of each of the follow three years, subject to the individual's continued employment with the Company on each applicable vesting date.
Employment Agreements
We have entered into employment agreements with each of our executive officers, including all of the NEOs. These agreements provide for at-will employment and generally include an initial base salary, an indication of eligibility and initial target for an annual discretionary cash bonus opportunity, and equity awards at the discretion of our Board. Seth forth below are descriptions of each NEO's employment agreement with the Company:
Orlando Zayas. On October 1, 2020, we and Orlando Zayas entered into an amended and restated employment agreement (the “Zayas Agreement”), pursuant to which Mr. Zayas continued to serve as our Chief Executive Officer. The Zayas Agreement provides for an initial base salary of $400,000, and a discretionary cash bonus of up to 100% of Mr. Zayas’ base salary in each applicable year. On May 4, 2021, we and Orlando Zayas entered into a second amended and restated employment agreement (the “Restated Zayas Agreement”), effective as of closing of the Business Combination, pursuant to which Mr. Zayas continued to serve as our Chief Executive Officer. The Restated Zayas Agreement provides for an initial base salary of $675,000, and a discretionary cash bonus with a target of no less than 100% of Mr. Zayas’ base salary in each applicable year (up to a maximum of 200% of the target amount), and for calendar year 2021 where Mr. Zayas’ discretionary cash bonus may be up to 200% of Mr. Zayas’ 2021 target amount depending on our level of achievement of certain financial targets. Mr. Zayas will also be eligible for an annual equity award under the Katapult Holdings, Inc. 2021 Incentive Plan as determined by our board of directors. Following closing of the merger and upon the filing of filings required by the SEC, Mr. Zayas was also entitled to be granted a restricted share unit award with a grant date value equal to $5 million under the 2021 Incentive Plan. Mr. Zayas is also entitled to participate in the Company sponsored benefit plans available to all our employees, including our 401(K) Plan.
Chandan Chopra.On September 3, 2021, we and Chandan Chopra entered into an amended and restated employment agreement (the “Restated Chopra Agreement”), effective as of closing of the Business Combination, pursuant to which Mr. Chopra will continue to serve as our Chief Technology Officer. The Restated Chopra Agreement provides for an initial base salary of $300,000, and a discretionary cash bonus with a target of no less than 60% of Mr. Chopra’s base salary in each applicable year (up to a maximum of 200% of the target amount), depending on our level of achievement of certain financial targets. Mr. Chopra will also be eligible for an annual equity award under the 2021 Incentive Plan as determined by our board of directors. Following closing of the merger and upon the filing of filings required by the SEC, Mr. Chopra was also entitled to be granted a restricted share unit award with a grant date value equal to $1,000,000 (one million dollars) under the 2021 Incentive Plan. Mr. Chopra is also entitled to participate in the Company sponsored benefit plans available to all our employees, including our 401(K) Plan.
Fangqiu Sun. On September 3, 2021, we and Fangqiu Sun entered into an amended and restated employment agreement (the “Restated Sun Agreement”), effective as of closing of the Business Combination, pursuant to which Ms. Sun will continue to serve as our Chief of Decision Science. The Restated Sun Agreement provides for an initial base salary of $275,000, and a discretionary cash bonus with a target of no less than 60% of Ms. Sun’s base salary in each applicable year (up to a maximum of 200% of the target amount), depending on our level of achievement of certain financial targets. Ms. Sun will also be eligible for an annual equity award under the 2021 Incentive Plan as determined by our board of directors. Following closing of the merger and upon the filing of filings required by the SEC, Ms. Sun was also entitled to be granted a restricted share unit award with a grant date value equal to $660,000 (six hundred and sixty thousand dollars) under the 2021 Incentive Plan. Ms. Sun is also entitled to participate in the Company sponsored benefit plans available to all our employees, including our 401(K) Plan.
Each of the Restated Zayas Agreement, Restated Chopra Agreement and Restated Sun Agreement (together, the "Restated Agreements") also provide for severance benefits, including enhanced severance benefits in connection with certain qualifying terminations of employment in connection with a change in control as further described in the section below titled "Potential Payments upon Termination or Change in Control".
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Executive Compensation
Potential Payments upon Termination or Change in Control
Under the terms of the Restated Agreements and the equity award agreements of our NEOs in effect as of December 31, 2021, each NEO is entitled to severance benefits in the event of (i) an involuntary termination of the NEO’s employment with “Cause” or the NEO resigns without “Good Reason” or (ii) an involuntary termination of the NEO’s employment without Cause, or (iii) a voluntary termination of the NEO’s employment due to an event of “Good Reason,” in each case subject to the NEO’s execution and non-revocation of a general release of claims. The term “Good Reason” is defined in the Restated Agreements, but generally includes such events as (i) we require the NEO to be based at any office or location more than a specified distance from their principal place of employment immediately prior to such relocation, (ii) a material adverse change in the NEO’s job title or a material reduction in the NEO’s duties or responsibilities; (iii) material reduction in the NEO’s base salary, other than a general reduction in base salary affecting similarly situated senior executives of the Company; or (iv) our breach of their Restated Agreements in any material respect, or, in the case of Mr. Zayas (v) one of our stockholders (collectively with its affiliates) becomes entitled to elect a majority of the members of our board of directors, other than in connection with a Deemed Liquidation Event (as defined in our Amended and Restated Charter, as amended from time to time).
For Mr. Zayas, the term “Cause” is generally defined in his Restated Agreement as (i) Mr. Zayas’ indictment or conviction of, or plea of nolo contendere to, a felony or any other crime involving financial dishonesty against us; (ii) Mr. Zayas’ engaging in any act of fraud, gross misconduct, illegality, or unlawful harassment which, as determined in good faith by our board of directors, would: (A) materially adversely affect the business or our reputation with its current or prospective customers, suppliers, lenders and/or other third parties with whom such entity does or might do business; or (B) expose us to a risk of civil or criminal legal damages, liabilities or penalties; (iii) the repeated failure by Mr. Zayas to follow the reasonable and lawful directives of our board of directors, (iv) Mr. Zayas’ material breach of the Restated Zayas Agreement or other policies adopted by our board of directors, or (v) Mr. Zayas’ willful breach of his fiduciary obligations.
For each of Mr. Chopra and Ms. Sun, the term “Cause” is generally defined in the Restated Agreements as (i) the indictment or conviction of, or plea of nolo contendere to, a felony or any other crime involving moral turpitude; (ii) the engaging in any act of fraud, misconduct, illegality, unlawful harassment, embezzlement or misappropriation; (iii) the failure to perform the NEO’s duties; (iv) the failure of to follow the reasonable and lawful directives of our CEO, board of directors, or a committee thereof, or the NEO’s supervisor; (v) a material breach of the NEO’s Restated Agreement, as applicable, the Proprietary Rights Agreement, or any other written agreement between the Company (or any of its affiliates) and the NEO; (vi) the violation of the Company’s written policies or code of ethics or standards of conduct policies, including written policies related to discrimination, harassment, performance of illegal or unethical activities, and ethical misconduct; and (vii) the breach of the NEO’s fiduciary obligations. With respect to those circumstances of Cause set forth in the preceding clauses that are reasonably susceptible to cure, Cause shall only exist in cases in which the Company has provided the NEO with written notice of the alleged circumstances of Cause and the NEO has failed to cure such condition to the reasonable satisfaction of the Company within thirty (30) days after such written notice.
If an NEO’s termination occurs within three (3) months prior, or within twelve (12) months following, a Change in Control (which we refer to as a “CIC Termination” below), the severance benefits are increased, as described below.
The severance benefits for our NEOs pursuant to the Restated Agreements and as of December 31, 2021, include:
•    For an event of termination with Cause or the NEO resigns without Good Reason, (i) accrued base salary and accrued but unused vacation days, (ii) any earned but unpaid bonuses, (iii) certain benefits under the Katapult retirement and welfare benefit plans, and (iv) the opportunity to continue health coverage under our group health plan to the extent required by and in accordance with the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”);
•    For an event of termination without Cause, (i) base salary for a period of twelve (12) months for Mr. Zayas and six (6) months for each of Mr. Chopra and Ms. Sun, (ii) a pro-rated annual bonus for the calendar year in which such termination occurs, (iii) Company paid COBRA premiums for twelve (12) months for M. Zayas, and six (6) Months for each of Mr. Chopra and Ms. Sun, (iv) accelerated vesting of any portion of any time-based vesting equity awards for twelve (12) months for Mr. Zayas and six (6) months for each of Mr. Chopra and Ms. Sun, and (v) extended exercise period for any option awards to the earliest to occur of eighteen (18) months following his termination date, a Change in Control, or the expiration date of such options; and
•    Upon a CIC Termination, (i) a lump sum equal to two (2) times the sum of base salary plus target bonus for the year of termination for Mr. Zayas, and one (1) times the sum of base salary plus target bonus for the year of termination for each of Mr. Chopra and Ms. Sun, (ii) Company paid COBRA premiums for eighteen (18) months for Mr. Zayas and twelve (12) months for each of Mr. Chopra and Ms. Sun, (iv) accelerated vesting of any portion of any long-term incentive awards then held by the NEO to the extent not assumed by the successor entity (which includes any new buyer awards granted in connection with the Change in Control), and (v) extended exercise period for any option awards to the earliest to occur of eighteen (18) months following the termination date, a Change in Control, or the expiration date of such options.
30Katapult Holdings, Inc.


EQUITY COMPENSATION PLAN INFORMATION
The following table provides information about outstanding awards and shares of common stock available for future awards under all of the Company's equity compensation plans as of December 31, 2021. These plans include the "2014 Incentive Plan and the 2021 Incentive Plan.
Plan Category
Number of Securities to be Issued upon Exercise of Outstanding Options, Warrants and Rights(1)
(#)
Weighted Average Exercise Price of Outstanding Options(2)
($)
Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans(3)
(#)
Equity Compensation Plans Not Approved by Stockholders— — — 
Equity Compensation Plans Approved by Stockholders10,832,862 0.69 6,470,397
Total10,832,862 6,470,397 
(1)Consists of options to purchase 8,371,097 shares of our common stock under the 2014 Incentive Plan, options to purchase 346,603 shares of our common stock under the 2021 Incentive Plan and 2,115,162 shares of our common stock subject to RSU awards under our 2021 Incentive Plan.
(2)Excludes restricted stock awards and RSUs because they have no exercise price.
(3)Upon completion of our Business Combination , the Company ceased issuance of any additional awards under the 2014 Incentive Plan. Accordingly, amounts in the column consist solely of shares of common stock available for issuance under the 2021 Incentive Plan.
CERTAIN RELATIONSHIPS AND RELATED-PARTY AND OTHER TRANSACTIONS
Other than the director and executive officer compensation arrangements discussed above under "Director Compensation" and "Executive Compensation," below we describe transactions since January 1, 2021 and each currently proposed transaction in which (a) we have been or are to be a participant; (b) the amount involved exceeded or exceeds $120,000; and (c) any of our directors, executive officers or holders of more than five percent of our capital stock, or any immediate family member of our sponsor. Two limited liability companies in which Daniel Cohen hasor person sharing the household with any of these individuals, had or will have a pecuniary interest isdirect or indirect material interest.
Certain Related Party Transactions
Amended and Restated Registration Rights Agreement
In connection with the consummation of the transactions contemplated by the Merger Agreement (the “Transactions”), on June 9, 2021, we, FinServ Holdings LLC, a memberDelaware limited liability company (the “Sponsor”), holders of Founder Shares and certain other holders of common stock, including certain of our sponsor. Our advisor, Shami Patel, has a pecuniary interestdirectors and executive officers and holders of five percent of our capital stock (collectively, the “A&R RRA Parties”), entered into the Amended and Restated Registration Rights Agreement ("A&R RRA"). In accordance with the A&R RRA, the A&R RRA Parties and their permitted transferees are entitled to, among other things, customary registration rights, including demand, piggy-back and shelf registration rights. The A&R RRA also provides that we will pay certain expenses relating to such registrations and indemnify the registration rights holders against (or make contributions in one of these limited liability companies.

(3)      Interests shown consist solely of founder shares, classified asrespect of) certain liabilities which may arise under the Securities Act. “Founder Shares” are shares of Class B common stock.stock of FinServ, initially purchased by the Sponsor in a private placement, which shares were converted into our common stock at the consummation of the Transactions.

Pursuant to the A&R RRA, the Sponsor and certain other holders of the Founder shares are convertible into sharesShares agreed to be subject to a 180-day lockup in respect of their Founder Shares and our common stock issued upon conversion thereof. In addition, the purchasers of the units of FinServ, consisting of one share of FinServ Class A common stock and one half of one warrant to purchase a share of FinServ Class A common stock, purchased by the Sponsor in a private placement in conjunction with FinServ’s initial public offering (the “Private Placement Units”) (or their permitted transferees) agreed to be subject to a 30-day lockup in respect of such Private Placement Units, the securities underlying such Private Placement Units and our common stock
PROXY STATEMENT31


issued or issuable upon the exercise or conversion thereof. Certain other holders of our common stock, including certain of our directors and officers and holders of five percent of our common stock agreed to be subject to a 180-day lockup in respect of their shares of common stock. The lockups under the A&R RRA were subject to certain customary exceptions and were, with respect to the 180-day lockups, subject to early termination upon the occurrence of certain transactions or achievement of a price threshold of our common stock. The lockup provisions under the A&R RRA expired upon satisfaction of the requisite period of time with respect to the particular securities and no early termination occurred.
Indemnification Agreements with Directors and Officers
We have entered into indemnification agreements with our directors and executive officers. The indemnification agreements and our Bylaws require us to indemnify all directors and officers to the fullest extent permitted by Delaware law against any and all expenses, judgments, liabilities, fines, penalties, and amounts paid in settlement of any claims. The indemnification agreements also provide for the advancement or payment of all expenses to the indemnitee and for reimbursement to us if it is found that such indemnitee is not entitled to such indemnification under applicable law.
Consent and Support Agreements
Concurrent with the execution of the Merger Agreement on December 18, 2020, Orlando Zayas, Karissa Cupito, Derek Medlin, CURO, BM III, and Tribeca Venture Fund I (NY), L.P. and Tribeca Venture Fund I, L.P. (together, “Tribeca”) (collectively, the “Supporting Holders”) executed a written consent pursuant to which all of Legacy Katapult’s issued and outstanding preferred stock was converted prior to the consummation of the transactions pursuant to the Merger Agreement into shares of Legacy Katapult common stock in accordance with the Legacy Katapult certificate of incorporation.
The Company also entered into support agreements, dated as of December 18, 2020, with each of the Supporting Holders, pursuant to which the Supporting Holders, among other things, agreed to vote their respective equity securities in Legacy Katapult in favor of the Merger Agreement and the consummation of the transactions contemplated thereby. The support agreements entered into by CURO and Tribeca granted such Supporting Holders certain consent rights with respect to, among other things, amendments to, and Legacy Katapult’s ability to terminate or waive conditions under, the Merger Agreement. Pursuant to the Merger Agreement, each of CURO, Blumberg and Tribeca had the right to nominate initial board members of Katapult and, pursuant to the Merger Agreement and CURO’s support agreement, so long as CURO owns at least 10% of the issued and outstanding Common Stock, CURO has the right to re-nominate the director selected as its initial Class I director upon the expiration of such director’s initial term. CURO has designated Mr. Masto for nomination as a Class I director to stand for re-election at this Annual Meeting.
Sponsor Agreement
Concurrent with the execution of the Merger Agreement, the Sponsor, FinServ and Legacy Katapult entered into a Sponsor Agreement, dated as of December 18, 2020 (the “Sponsor Agreement”), pursuant to which the Sponsor agreed, among other things, (i) to vote in favor of the Merger Agreement and the transactions contemplated thereby (including the merger), (ii) to waive its anti-dilution rights with respect to its Founder Shares in connection with the issuance of shares pursuant to the PIPE Investment, (iii) that 1,543,750 of its shares of Common Stock (the “Sponsor Earn-Out Shares”) became subject to the following vesting and forfeiture conditions at the closing of the transactions contemplated by the Merger Agreement: one-half (1/2) of the Sponsor Earn-Out Shares will vest if the closing price of our Common Stock is greater than or equal to $12.00 over any 20 Trading Days (as defined in the Merger Agreement) within any 30 consecutive Trading Day period, and (ii) one-half (1/2) of the Sponsor Earn-Out Shares will vest if the closing price of our Common Stock is greater than or equal to $14.00 over any 20 Trading Days within any 30 consecutive Trading Day period, in each case, prior to the expiry of six (6) years from the closing of the merger (the “Sponsor Earn-Out Period”). In addition, if there is a change of control of the Company prior to the expiration of the Sponsor Earn-Out Period, then Sponsor Earn-Out Shares will vest in connection with such change of control of the Company in the manner set forth in the Sponsor Agreement, and to be bound by certain transfer restrictions with respect to its Founder Shares prior to the closing of the transactions contemplated by the Merger Agreement, in each case, on the terms and subject to the conditions set forth in the Sponsor Agreement.
Management Allocation Letter
Concurrent with the execution of the Merger Agreement on December 18, 2020, the Supporting Holders entered into a letter agreement that provides, among other things, that notwithstanding the requirement that the allocation of cash consideration, stock consideration and Earn-Out shares as set forth in the Merger Agreement be the same ratio paid to each Pre-Closing Holder (as defined in the Merger Agreement), CURO Financial Technologies Corp., Blumberg and Tribeca agreed to re-allocate cash consideration payable to our Management to the extent necessary to offset potential negative tax implications.
32Katapult Holdings, Inc.


Certain Relationships and Related Person Transactions — FinServ
On August 9, 2019, the Sponsor purchased 5,750,000 Founder Shares for an aggregate price of $25,000. The Founder Shares automatically converted into common stock of the Company upon consummation of the Transactions on a one-for-oneone-for-one basis, subject to adjustment.

(4)      Based on Form 13F filed September 30, 2020.

(5)     Based on Form 13F filed September 30, 2020.

(6)     Based on Form 13F filed September 30, 2020.

(7)      Based on Form 13F filed September 30, 2020.

(8)      Based on Form 13F filed September 30, 2020.

(9)      Based on Form 13F filed September 30, 2020.

(10)    Based on Form 13F filed September 30, 2020.

The table above does not include the shares of common stock underlying the placement warrants or forward purchase securities held or to be held by our sponsor because these securities are not exercisable within 60 days of this report.

certain adjustments.

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CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

In August 2019, we issued an aggregate of 5,750,000 founder shares to our sponsor for an aggregate purchase price of $25,000 in cash, or approximately $0.004 per share. On October 31, 2019, the CompanyFinServ effected a 1.1 for 1 stock dividend for each share of FinServ’s Class B common stock outstanding, resulting in the Sponsor holding an aggregate of 6,325,000 founder shares.Founder Shares. The 6,325,000 founder sharesFounder Shares included an aggregate of up to 825,000 shares subject to forfeiture to the extent that the underwriters’ over-allotmentover-allotment option in connection with FinServ’s initial public offering (the “IPO”) was not exercised in full or in part, so that the sponsor would own, on an as-converted basis, 20% of the Company’s issued and outstanding shares after our initial public offering (assuming the sponsor did not purchase any public shares in our initial public offering and excluding the placement shares).part. In connection with the underwriters’ partial exercise of the over-allotmentover-allotment option and the forfeiture of the remaining over-allotmentover-allotment option, 75,000 founder sharesFounder Shares were forfeitedforfeited.

The Sponsor advanced us funds to cover expenses related to the IPO. These advances were non-interest bearing and 750,000 founder shares are no longer subjectpayable upon demand. Advances totaling $230,350 were repaid upon the consummation of the IPO on November 5, 2019.
On August 9, 2019, the Sponsor agreed to forfeiture resulting inloan to FinServ an aggregate of 6,250,000 founder sharesup to $300,000 to cover expenses related to the IPO pursuant to a promissory note (the “Promissory Note”). The Promissory Note was non-interest bearing and payable on the earlier of March 30, 2020 or the completion of the IPO. The borrowings outstanding atunder the Promissory Note of $282,244 were repaid upon the consummation of the IPO on November 5, 2019.

The founder shares (including the Class A common stock issuable upon exercise thereof) may not, subject to certain limited exceptions, be transferred, assigned or sold by the holder.

Our sponsor purchased

FinServ entered into an aggregate of 665,000 placement units at a price of $10.00 per unit for an aggregate purchase price of $6,250,000. There are no redemption rights or liquidating distributions from the trust account with respect to the founder shares, placement shares or placement warrants, which will expire worthless if we do not consummate a business combination byagreement whereby, commencing on November 5, 2021.

We pay our sponsor,2019 through theClosing, FinServ paid the Sponsor a total of $10,000 per month for office space, utilities and secretarial and administrative support. Upon completion of our initial business combination or our liquidation, we will cease payingFor the years ended December 31, 2021 and 2020 and the period from August 9, 2019 (inception) through December 31, 2019, FinServ incurred $60,000, $120,000 and $18,387, respectively, in fees for these monthly fees.

Weservices.

FinServ entered into the Consulting Agreementa consulting agreement with the Consultant,a related party, pursuant to which the Consultant will provide us,consultant provided FinServ, among other services, assistance in finding a potential target for a Business Combination,an initial business combination, as well as supervising and performing due diligence on such targets. We willtargets, and FinServ agreed to pay the Consultantconsultant a fee of $10,000 per month, up to a maximum of $150,000. On May 15, 2020, FinServ amended the consulting agreement whereby the monthly fee was reduced to $7,500, from June 1, 2020 through and including September 2020. The monthly fee reverted back to $10,000 per month on October 1, 2020. For the years ended December 31, 2021 and 2020 and for the period from August 9, 2019 (inception) through December 31, 2019, weFinServ incurred $17,500 $110,000 and $22,500, respectively, in such fees.

Other than

Policies and Procedures Regarding Transactions with Related Persons
For information regarding our policies and procedures regarding transactions with related persons, see the foregoing, no compensationsection above titled “Corporate Governance—Related-Person Transaction Policy.”
Section 16(a) Beneficial Ownership Reporting Compliance
Section 16(a) of any kind, including any finder’s fee, reimbursement, consulting fee or monies in respect of any payment of a loan, is paid by us tothe Exchange Act requires that our sponsor, officers, directors or advisors or any affiliateand 10% stockholders file reports of ownership and changes of ownership of our sponsor, officers, directors or advisors prior to, or in connection with any services rendered in order to effectuate, the consummation of an initial business combination (regardlesscommon stock and other equity securities of the type of transaction that it is). However, these individuals will be reimbursed for any out-of-pocket expenses incurred in connectionCompany with activities on our behalf such as identifying potential target businesses and performing due diligence on suitable business combinations. Our audit committee will reviewthe SEC. Based on a quarterly basis all payments that were madereview of copies of these reports provided to our sponsor, officers, directors, advisors or our or their affiliatesus and will determine which expenses and the amount of expenses that will be reimbursed. There is no cap or ceiling on the reimbursement of out-of-pocket expenses incurred by such persons in connection with activities on our behalf.

In addition, in order to finance transaction costs in connection with an intended initial business combination, our sponsor or an affiliate of our sponsor or certain ofwritten representations from our officers and directors, may, but arewe believe that all filing requirements were timely met during 2021, except for one Form 4 filing for Rolando De Garcia, filed with the SEC on July 7, 2021 which reported the grant of 1,386,413 stock options on June 29, 2022. The Form 4 was filed 4 days late due to an administrative error by the filing agent.

PROXY STATEMENT33


AUDIT COMMITTEE REPORT
The information contained in this report shall not obligatedbe deemed to loan us funds as may be required. If we complete an initial business combination, we would repay such loaned amounts. In“soliciting material” or “filed” or incorporated by
reference in future filings with the event thatSEC, or subject to the initial business combination does not close, we may use a portionliabilities of Section 18 of the working capital held outside the trust account to repay such loaned amounts but no proceeds from our trust account would be used for such repayment. Up to $1,500,000 of such loans may be convertible into units, at a price of $10.00 per unit at the option of the lender, upon consummation of our initial business combination. The units would be identical to the placement units. The terms of such loans by our officers and directors, if any, have not been determined and no written agreements exist with respect to such loans. We do not expect to seek loans from parties other than our sponsor or an affiliate of our sponsor as we do not believe third parties will be willing to loan such funds and provide a waiver against any and all rights to seek access to funds in our trust account.

After our initial business combination, members of our management team who remain with us may be paid consulting, management or other fees from the combined company with any and all amounts being fully disclosed to our stockholders,Exchange Act, except to the extent then known, inthat the tender offer or proxy solicitation materials, as applicable, furnished to our stockholders. It is unlikely the amount of such compensation will be known at the time of distribution of such

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tender offer materials or at the time ofCompany specifically incorporates it by reference into a stockholder meeting held to consider our initial business combination, as applicable, as it will be up to the directors of the post-combination business to determine executive and director compensation.

The holders of the founder shares, placement units, and units that may be issued upon conversion of working capital loans (and in each case holders of their component securities, as applicable) will have registration rights to require us to register a sale of any of our securities held by them. These holders will be entitled to make up to three demands, excluding short form registration demands, that we register such securities for saledocument filed under the Securities Act or the Exchange Act. In addition, these holders will have “piggy

-back
” registration rights
The Audit Committee has reviewed and discussed the audited consolidated financial statements for the fiscal year ended December 31, 2021 with our management. The Audit Committee has also reviewed and discussed with Deloitte & Touche LLP, our independent registered public accounting firm, the matters required to include their securities in other registration statements filedbe discussed by us.

17

TableAuditing Standard No. 1301, Communications with Audit Committees, as adopted by the Public Company Accounting Oversight Board (“PCAOB”). The Audit Committee has also received the written disclosures and the letter from Deloitte & Touche LLP required by applicable requirements of Contents

PROPOSAL ONE — ELECTION OF CLASS I DIRECTORS BY VOTE OF THE CLASS A AND
CLASS B STOCKHOLDERS

Our amendedthe PCAOB regarding the independent accountants’ communications with the audit committee concerning independence, and restated certificate of incorporation provides for a Board of Directors classified into three classes,has discussed with each class (except for those directors appointed priorDeloitte & Touche LLP the accounting firm’s independence. Based on the foregoing, the Audit Committee recommended to our first annual meetingboard of stockholders) serving a three-year term. Our Board of Directors now consists of six directors as set forth abovethat the audited financial statements be included in the section entitled “Directors, Executive Officers and Corporate Governance — Directors and Officers”.

Mr. Kekedjian is nominated for election at thisour Annual Meeting of stockholders, as the Class I director, to hold office until the annual meeting of stockholders in 2023, or until his successor is chosen and qualified.

Unless you indicate otherwise, shares represented by executed proxies in the form enclosed will be votedReport on Form 10-K for the election offiscal year ended December 31, 2021 and filed with the director nominee unless the nominee shall be unavailable, in which case such shares will be voted for a substitute nominee designated by the Board of Directors. We have no reason to believe that the nominee will be unavailable or, if elected, will decline to serve.

SEC.

Lee Einbinder (Chair)
Joyce A. Phillips
Bruce Taragin
34Katapult Holdings, Inc.

Nominee Biography

For a biography of the Class I director nominee, please see the section entitled “Directors, Executive Officers and Corporate Governance — Directors and Officers”.

Required Vote

Directors are elected by a plurality of the votes cast at the Annual Meeting by the stockholders present virtually or represented by proxy and entitled to vote in the election of directors. The nominee receiving the highest number of affirmative votes shall be elected as director. You may withhold votes from a director nominee. Abstentions and broker non-votes will have no effect on this proposal.

Recommendation

Our Board of Directors recommends a vote “FOR” the election to the Board of Directors of the above mentioned nominee.

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PROPOSAL TWO — NO. 2
RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM BY VOTE OF THE CLASS A AND CLASS B STOCKHOLDERS

We are asking the stockholders to ratify the audit committee’s selection

The Audit Committee of Withumour Board of Directors has appointed Deloitte & Touche LLP ("D&T") as our independent registered public accounting firm for the fiscal year ending December 31, 2020. The audit committee is directly responsible for appointing2022, and has further directed that management submit the Company’sappointment of its independent registered public accounting firm. The audit committee is not boundfirm for ratification by the outcome of this vote. However, ifstockholders at the stockholdersAnnual Meeting. D&T has audited the Company's financial statement since 2021.
Our organizational document do not require that stockholders ratify the selectionappointment of WithumD&T as our independent registered public accounting firmfirm. However, the Audit Committee of the Board is submitting the election of D&T to our stockholders for the fiscal year ending December 31, 2020,ratification as a matter of good corporate practice and because we value our audit committee may reconsider the selection of Withum asstockholders' views on our independent registered public accounting firm.

Withum has audited In the event that our financial statements forstockholders fail to ratify the fiscalappointment, the Audit Committee will reconsider whether or not to retain the firm. Even if our stockholders ratify the appointment, our Audit Committee, in its discretion, may appoint another independent registered public accounting firm at any time during the year ended December 31, 2019. A representativeif the Audit Committee believes that such a change would be in the best interest of Withum isKatapult and our stockholders. Representatives of D&T are expected to be present at the Annual Meeting. The representativeMeeting, and they will have anthe opportunity to make a statement if he or she desiresthey so desire and to do so and will be availablerespond to answer appropriate questions from stockholders. questions.

Vote Required
The following is a summary of fees paid or to be paid to Withum for services rendered.

Audit Fees.    Audit fees consist of fees billed for professional services rendered for the audit of our year-end financial statements and services that are normally provided by Withum in connection with regulatory filings. The aggregate fees billed by Withum for professional services rendered for the audit of our annual financial statements, reviewaffirmative vote of the financial information included in our Forms 10-Q for the respective periods and other required filings with the SEC for the period from August 9, 2019 (inception) through December 31, 2019 totaled $36,800. The above amounts include interim procedures and audit fees, as well as attendance at audit committee meetings.

Audit-Related Fees.    Audit-related services consist of fees billed for assurance and related services that are reasonably related to performance of the audit or review of our financial statements and are not reported under “Audit Fees.” These services include attest services that are not required by statute or regulation and consultations concerning financial accounting and reporting standards. We did not pay Withum for consultations concerning financial accounting and reporting standards during the period from August 9, 2019 (inception) through December 31, 2019.

Tax Fees.    We did not pay Withum for tax planning and tax advice for the period from August 9, 2019 (inception) through December 31, 2019.

All Other Fees.    We did not pay Withum for other services for the period from August 9, 2019 (inception) through December 31, 2019.

Our audit committee has determined that the services provided by Withum are compatible with maintaining the independence of Withum as our independent registered public accounting firm.

Pre-Approval Policy

Our audit committee was formed upon the consummation of our initial public offering. As a result, the audit committee did not pre-approve all of the foregoing services, although any services rendered prior to the formation of our audit committee were approved by our Board of Directors. Since the formation of our audit committee, and on a going-forward basis, the audit committee has and will pre-approve all auditing services and permitted non-audit services to be performed for us by our auditors, including the fees and terms thereof (subject to the de minimis exceptions for non-audit services described in the Exchange Act which are approved by the audit committee prior to the completion of the audit).

Vote Required

The ratification of the appointment of Withum requires the voteholders of a majority of the votes cast by stockholdersshares present virtually or represented by proxy and entitled to vote on the matter at the Annual Meeting. All holdersMeeting will be required to ratify the appointment of Class A common stockD&T.

As previously disclosed, on June 9 2021, the Board dismissed WithumSmith+Brown, PC (“Withum”), FinServ's independent registered public accounting firm prior to the business combination, as the Company’s independent registered public accounting firm and Class B common stock are entitled to vote on this proposal. Abstentions will have no effect on this proposal.

Recommendation

Our Board of Directors recommends a vote “FOR” the ratification of the selection by the Audit Committee of Withumappointed D&T as our independent registered public accounting firm.

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OTHER MATTERS

Submission of Stockholder Proposalsfirm for the 2021 Annual Meeting

We anticipate thataudit as of and for the 2021 annual meeting of stockholders will be held no later thanyear ended December 31, 2021. For any proposalAs a result of the mid-year change in auditors, the fees incurred for the services of D&T in the table below are not necessarily representative of the fees to be consideredbilled by D&T for inclusionthe Company, as a public company, for a full fiscal year, but are presented solely to provide our stockholders with a basis to understand our historical relationship with D&T. Fees for services provided by D&T prior to our Business Combination were not pre-approved by the Audit Committee. However, all fees for services provided by D&T post the Business Combination have been pre-approved or ratified by the Audit Committee.

Deloitte & Touche LLP Fees
The following table presents fees for professional audit services and other services provided to Katapult for the fiscal years ended December 31, 2021 and 2020.
20212020
Audit Fees (1)
$1,847,000 $719,000 
Audit-Related Fees(2)
1,691,000 349,000 
Tax Fees(3)
112,000 — 
Total Fees$3,650,000 $1,068,000 
(1)“Audit Fees” consist of fees for professional services rendered in our proxy statement and formconnection with the audit of proxy for submission to the stockholders at our 2021 Annual Meeting of Stockholders, it must be submitted in writing and comply with the requirements of Rule 14a-8 of the Exchange Act. Such proposals must be received by the Company at its offices at c/o Ellenoff Grossman & Schole LLP, 1345 Avenue of the Americas, New York, New York 10105 no later than September 2, 2021.

In addition, our bylaws provide notice procedures for stockholders to nominate a person as a director and to propose business to be considered by stockholders at a meeting. Notice of a nomination or proposal must be delivered to us not less than 90 days and not more than 120 days prior to the date for the preceding year’s annual meeting of stockholders; provided, however, that in the event that the annual meeting is called for a date that is more than 30 days before or more than 60 days after such anniversary date, notice by the stockholder to be timely must be so received no earlier than the close of business on the 120th day before the meeting and not later than the later of (x) the close of business on the 90th day before the meeting or (y) the close of business on the 10th day following the day on which public announcement of the date of the annual meeting is first made by us. Accordingly, for our 2021 Annual Meeting, assuming the meeting is held on or about December 29, 2021, notice of a nomination or proposal must be delivered to us no later than September 30, 2021 and no earlier than August 31, 2021. Nominations and proposals also must satisfy other requirements set forth in the bylaws. The Chairman of the Board may refuse to acknowledge the introduction of any stockholder proposal not made in compliance with the foregoing procedures.

Householding Information

Unless we have received contrary instructions, we may send a single copy of this proxy statement to any household at which two or more stockholders reside if we believe the stockholders are members of the same family. This process, known as “householding,” reduces the volume of duplicate information received at any one household and helps to reduce our expenses. However, if stockholders prefer to receive multiple setsfinancial statements, review of our disclosure documents at the same address this year or in future years, the stockholders should follow the instructions described below. Similarly, if an address is shared with another stockholder and together both of the stockholders would like to receive only a single set of our disclosure documents, the stockholders should follow these instructions:

•        If the shares are registered in the name of the stockholder, the stockholder should contact us at our offices at c/o Ellenoff Grossman & Schole LLP, 1345 Avenue of the Americas, New York, New York 10105, to inform us of his or her request; or

•        If a bank, broker or other nominee holds the shares, the stockholder should contact the bank, broker or other nominee directly.

Where You Can Find More Information

We file annual and quarterly reports and other reports and information with the SEC. We distribute to our stockholders annual reports containing financial statements auditedand services that are normally provided by our independent registered public accounting firm in connection with statutory and upon request, quarterly reportsregulatory filings or engagements for those fiscal years.

(2)Audit-Related Fees includes fees billed by D&T for professional services rendered in connection with the review of registration statements and other SEC filings.
(3)Tax Fees in 2021 includes fees billed by D&T for professional services rendered for tax advice, which encompass a variety of permissible tax services, primarily including tax advice related to federal and state matters.
PROXY STATEMENT35


WithumSmith+Brown Fees
The following table presents fees for professional audit services and other services provided to Katapult for the first three quartersfiscal years ended December 31, 2021 and 2020.
20212020
Audit Fees (1)
$78,000 $55,000 
Audit-Related Fees(2)
— — 
Tax Fees(3)
4,000 5,000 
Total Fees$82,000 $60,000 
(1)“Audit Fees” consist of each fiscal year containing unaudited financial information. In addition,fees for services in connection with the reports and other information are filed through Electronic Data Gathering, Analysis and Retrieval (known as “EDGAR”) system and are publicly available on the SEC’s website, located at http://www.sec.gov. We will provide without charge to you, upon written or oral request, a copyaudit of the reportsCompany’s 2019 and other information2020 annual consolidated financial statements, including audited financial statements presented in the Registration Statement on Form S-1 filed with the SEC.

Any requestsSEC in connection with FinServ’s initial public offering, review of the quarterly financial statements presented in quarterly reports on Form 10-Q and audit of FinServ’s annual report on Form 10-K and services that are normally provided by the Company’s independent registered public accounting firm in connection with statutory and regulatory filings or engagements for copies of information, reportsthose fiscal years.

(2)We did not incur any audit-related frees with Withum for the years ended December 31, 2021 or 2020.
(3)We did not incur any audit-related, tax or other filingsfees with Withum for the SEC should be directedyears ended December 31, 2021 or 2020.
Pre-Approval Policies and Procedures
Pursuant to FinServ Acquisition Corp., c/o Ellenoff Grossman & Schole LLP, 1345 Avenue of the Americas, New York, New York 10105, Attn: President and Chief Financial Officer.

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FINSERV ACQUISITION CORP.
c/o Ellenoff Grossman & Schole LLP
1345 Avenue of the Americas
New York, NY 10105

December 29, 2020

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS OF
FINSERV ACQUISITION CORP.

The undersigned hereby appoints Lee Einbinder and Howard Kurz, and each of them, proxies and attorneys-in-fact, each with the power of substitution and revocation, and hereby authorizes each to represent and vote, as designated below, all the shares of common stock of FinServ Acquisition Corp. (the “Company”) held of record by the undersigned at the close of business on December 2, 2020 at the Annual Meeting of Stockholders to be held virtually on December 29, 2020, at 10:30 a.m., Eastern Time, or any adjournment or postponement thereof (the “Meeting”) and authorizes and instructs said proxies to vote in the manner directed below.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED “FOR” THE DIRECTOR NOMINEE AND “FOR” PROPOSAL TWO. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING OR ANY ADJOURNMENTS OF THE MEETING.

(Continued, and to be marked, dated and signed, on the other side)

FINSERV ACQUISITION CORP.
This Proxy StatementAudit Committee Charter and the 2019 Annual Report on Form 10-K are available at:
https://www.cstproxy.com/finservacquisition/2020

FINSERV ACQUISITION CORP.

Vote Your Proxyrequirements of law, the Audit Committee pre-approves all audit and permitted non-audit services that may be provided by mail:Mark, sign and date your proxy card and return it in the postage-paid envelope provided.

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Please mark
your votes
like this

S

PROXY

THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE “FOR” THE ELECTION OF THE DIRECTOR NOMINEE AND “FOR” PROPOSAL TWO.

1 To elect one Class I Director to serve on the Company’s Board of Directors until the 2023 annual meeting of stockholders or until his successor is elected and qualified.

Election of Class I Director: Aris Kekedjian

For All    £

Withhold All    £

For All Except*    £

*

Instruction: To withhold authority to vote for any individual nominee, mark the “For all Except” box above and write that nominee’s name on the line provided below.      ___________________

2 Ratification of the selection by the audit committee of WithumSmith+Brown, PC to serve as our independent registered public accounting firm. This pre-approval applies to audit services, audit-related services, tax services and other services. For the fiscal year ended December 31, 2021, all fees paid to D&T have been approved by the Audit Committee.

The Board recommends a vote "FOR" the ratification of the appointment of Deloitte & Touche, LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2022.
36Katapult Holdings, Inc.


AVAILABILITY OF ANNUAL REPORT ON FORM 10-K
Stockholders can access our Annual Report on Form 10-K for the fiscal year endingended December 31, 2020.

2021, filed with the SEC on March 15, 2022, and other financial information, on our website at
https://ir.katapultholdings.com/investor-relationsunder the caption "Financial Information" Alternatively, stockholders can request a paper copy of the Annual Report, as well as copies of this Proxy Statement and a proxy card, without charge by writing to: Katapult Holdings, Inc., 5204 Tennyson Parkway, Suite 500, Plano, TX 75024, Attention: Corporate Secretary, or emailing ir@katapultholdings.com.
OTHER BUSINESS
Our Board does not know of any other matters to be presented at the Annual Meeting. If any additional matters are properly presented at the Annual Meeting, the persons named in the proxy card will have discretion to vote the shares represented by proxy in accordance with their own judgment on such matters.
It is important that your shares be represented at the Annual Meeting, regardless of the number of shares that you hold. We urge you to vote by telephone, by Internet or by executing and returning the proxy card at your earliest convenience.

For    £

Against    £

Abstain    £

PROXY STATEMENT37

PLEASE MARK, SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED ENVELOPE.


CONTROL NUMBER:

Signature

Signature, if held jointly

Date             , 2020

Note: Please sign exactly as your name or names appear on this Proxy. When shares are held jointly, each holder should sign. When signing as executor, administrator, attorney, trustee or guardian, please give full title as such. If the signer is a corporation, please sign in full corporate name by duly authorized officer, giving full title as such. If a partnership, please sign in partnership name by authorized person.

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