Form 4: Sezzle Inc. Executive Chairman Charles Youakim Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Charles Youakim, Executive Chairman and CEO of Sezzle Inc., reports a transaction involving the forfeiture of shares to cover withholding tax obligations.
Summary
- On January 1, 2025, Charles Youakim, the Executive Chairman and CEO of Sezzle Inc., forfeited 1,196 shares of common stock to satisfy withholding tax obligations related to the vesting of previously awarded restricted stock units.
- Following the transaction, Youakim directly owns 2,058,067 shares of Sezzle Inc.
- Youakim also indirectly owns 157,895 shares through Cerro Gordo LLC and 251,409 shares through the Charles G. Youakim 2020 Irrevocable GST Trust.
- The reporting person may be deemed to have voting and dispositive power over these securities.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership by a company insider and is a standard practice in compliance with SEC regulations.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares forfeited for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 01/01/2025 | Date of transaction: Forfeiture of shares for tax obligations. |
| 01/03/2025 | Date of signature on the report. |
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