Form 4: Sezzle Inc. Executive Chairman Charles Youakim Reports Changes in Beneficial Ownership After Stock Split
SEC Form 4 Filing
Charles Youakim, Executive Chairman and CEO of Sezzle Inc., reports changes in beneficial ownership following a 6-to-1 forward stock split and forfeiture of shares for tax obligations.
Summary
- On April 1, 2025, Charles Youakim, the Executive Chairman and CEO of Sezzle Inc., reported changes in his beneficial ownership of the company's stock.
- These changes are due to a combination of a 6-to-1 forward stock split effective March 28, 2025, and the forfeiture of shares to cover withholding tax obligations related to vesting restricted stock units.
- Youakim forfeited 6,975 shares of common stock at a price of $36.34 to satisfy these tax obligations.
- Following these transactions, Youakim directly owns 12,353,427 shares and indirectly 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: Neutral sentiment as the document primarily reports routine transactions related to stock splits and tax obligations.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The stock split will increase the number of shares outstanding, potentially impacting the stock price and earnings per share.
- Shareholders may experience a change in the per-share value of their holdings due to the stock split.
Key Dates
| Date | Description |
|---|---|
| 03/28/2025 | Effective date of the 6-to-1 forward stock split. |
| 04/01/2025 | Date of transaction: forfeiture of shares for tax obligations. |
| 04/03/2025 | Date of signature on the Form 4 filing. |
Keywords
beneficial ownership, Form 4, stock split, Sezzle Inc., Youakim, insider trading, executive compensation, tax obligations, share forfeiture
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