Form 4: Sezzle Inc. Executive Kerissa Hollis Reports Stock Transaction

Kerissa Hollis, General Counsel and Secretary of Sezzle Inc., reports a transaction involving the forfeiture of shares to cover withholding tax obligations following the vesting of restricted stock units.

Summary

• On April 1, 2025, Kerissa Hollis, General Counsel and Secretary of Sezzle Inc., reported a transaction on Form 4.
• The transaction involved the forfeiture of 590 shares of common stock at a price of $36.34 to satisfy withholding tax obligations related to the vesting of previously awarded restricted stock units.
• Following the transaction, Hollis directly owns 12,010 shares of Sezzle Inc.
• The reported amounts have been adjusted to reflect a 6-to-1 forward stock split that was effective on March 28, 2025.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (stock forfeiture for tax obligations) and a stock split, which are neither particularly positive nor negative.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard process of covering tax obligations related to vested equity.

Stakeholder Impact

• The stock split may have a minor impact on shareholders by increasing the number of shares they hold, but it does not change the overall value of their holdings.

Key Dates

Keywords

Form 4, insider trading, stock forfeiture, Kerissa Hollis, Sezzle Inc., SEZL, stock split, restricted stock units, withholding tax