Form 4: Sezzle GC Forfeits Shares for Tax Obligations

Sezzle Inc.'s General Counsel, Kerissa Hollis, forfeited 329 shares of common stock valued at $58.01 per share to cover withholding tax obligations related to vested restricted stock units.

Summary

• Kerissa Hollis, General Counsel and Secretary of Sezzle Inc., reported a transaction involving the company's common stock.
• On November 12, 2025, Hollis forfeited 329 shares of Sezzle Inc. common stock.
• This forfeiture was executed to satisfy withholding tax obligations associated with the vesting of previously awarded restricted stock units.
• The shares were valued at $58.01 per share at the time of the transaction.
• Following this transaction, Hollis directly beneficially owns 13,070 shares of Sezzle Inc. common stock.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged disposition.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary transaction related to executive compensation and tax obligations, which is neutral in terms of company sentiment.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

The forfeiture of shares to cover tax obligations upon the vesting of restricted stock units is a standard and routine event for executives receiving equity compensation across various industries. It does not typically reflect a discretionary sale based on market sentiment but rather a pre-determined tax event.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in management's outlook or company fundamentals.
• Employees: No direct impact beyond the reporting person.

Key Dates

Keywords

Sezzle, SEZL, Form 4, Insider Transaction, Stock Forfeiture, Tax Withholding, Restricted Stock Units, Corporate Governance