Form 4: Sezzle CEO Youakim Sells Shares for Tax Obligations

Sezzle Inc.'s Executive Chairman and CEO, Charles Youakim, disposed of 6,985 shares of common stock at $58.01 per share to cover tax withholdings related to RSU vesting.

Summary

• Charles Youakim, Executive Chairman and CEO of Sezzle Inc., reported a transaction on November 12, 2025.
• The transaction involved the forfeiture of 6,985 shares of common stock at a price of $58.01 per share.
• This forfeiture was made to satisfy withholding tax obligations in connection with the vesting of previously awarded restricted stock units (RSUs).
• Following this transaction, Charles Youakim directly beneficially owns 12,339,464 shares of common stock.
• Additionally, he indirectly beneficially owns 947,370 shares through Cerro Gordo LLC and 1,508,454 shares through the Charles G. Youakim 2020 Irrevocable GST Trust.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary sale for tax purposes related to RSU vesting, which is a standard part of executive compensation. It does not indicate a change in management's view of the company's prospects or operational performance.

Positives

• The underlying event for the share forfeiture is the vesting of restricted stock units, indicating the executive is receiving equity compensation as part of their remuneration package.

Negatives

• A reduction in direct beneficial ownership by 6,985 shares, although for a non-discretionary tax purpose.

Future Outlook

This filing does not contain any forward-looking statements or guidance.

Industry Context

This is a routine insider transaction related to executive compensation and does not provide specific insights into broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes and does not reflect a change in the executive's investment thesis or company fundamentals.

Key Dates

Recommendation

The Form 4 reports a routine, non-discretionary sale of shares by the Executive Chairman and CEO to cover tax obligations upon RSU vesting. This is a common event in executive compensation and does not signal a change in the company's fundamentals or management's confidence. Therefore, it does not warrant a change in investment recommendation.

Keywords

Sezzle, SEZL, Form 4, Insider Transaction, Charles Youakim, Restricted Stock Units, RSU Vesting, Tax Withholding, Beneficial Ownership