EZCORP CAO Files Amended Form 3 to Update 7,025 RSUs

Rhea-AI Filing Summary

EZCORP Inc. (EZPW) – Amended Form 3 (Form 3/A)

The company’s Chief Accounting Officer, Michael James Croney, corrected his initial statement of beneficial ownership filed on 14-Feb-2025. The amendment discloses that he beneficially owns 7,025 restricted stock units (RSUs) of Class A Non-Voting Common Stock. These RSUs: (i) vest on 30-Sep-2027; (ii) 80 % are performance-based in addition to continued employment; and (iii) 20 % require only continued employment. Each unit converts into one share upon vesting. The reference value of $11.21 represents EZPW’s closing price on 30-Sep-2024; no cash consideration was paid for the award. The filing states the original Form 3 contained an incorrect share count and is amended solely to reflect the accurate number.

No other securities, derivative instruments, or changes in ownership were reported, and there are no implications for the company’s capital structure or operations.

Insights

Corporate Governance Expert

TL;DR: Routine correction; negligible market impact.

This Form 3/A merely rectifies a clerical error, updating the CAO’s RSU holdings to 7,025 units. The award’s structure—80 % performance-based—aligns management incentives with shareholder value, but the quantum is immaterial relative to EZCORP’s float. No new grants, purchases, or sales occurred, and no board or strategic actions are signaled. Consequently, the filing is administrative, reflecting compliance with Section 16(a) without affecting valuation, liquidity, or governance risk.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Croney Michael James

(Last) (First) (Middle)

2500 BEE CAVE ROAD

BLDG. 1, SUITE 200

(Street)

ROLLINGWOOD TX 78746

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
02/10/2025

3. Issuer Name and Ticker or Trading Symbol
EZCORP INC [ EZPW ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Accounting Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)
02/14/2025

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	(1)	Class A Non-Voting Common Stock(2)	7,025(3)	$11.21(4)	D

Explanation of Responses:

1. The units will vest in whole or in part on September 30, 2027, with 80% being subject to the attainment of specified performance goals in addition to continued employment, and the remaining 20% being subject to continued employment only.

2. Each unit represents a contingent right to receive one share of EZCORP Class A Non-Voting Common stock at the time of vesting.

3. The Form 3 filed on February 14, 2025 for the Reporting Person reported an incorrect number of shares held by the Reporting Person as of February 10, 2025. This amended Form 3 is being filed to correct such number of shares held by the Reporting Person.

4. Closing market value on September 30, 2024. However, no consideration was paid for the award other than services rendered and to be rendered by the Reporting Person.

Remarks:

This amended Form 3 is being filed solely to correct the Reporting Person's ownership of certain Class A Non-Voting Common Stock reported in Table II. See Footnote 3.

	/s/ Carrie Putnam, by POA from Michael James Croney	06/25/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

Why did EZPW file an amended Form 3 on 25-Jun-2025?

To correct the number of restricted stock units owned by Chief Accounting Officer Michael James Croney.

How many EZPW shares does Michael James Croney now report owning?

He reports 7,025 RSUs of Class A Non-Voting Common Stock.

When do the reported RSUs vest?

The units vest on 30-Sep-2027; 80 % are performance-based, 20 % are time-based.

Was any cash paid for these RSUs?

No. The award was granted for services rendered and to be rendered; the $11.21 figure is only a reference market price.

Does the amendment indicate any change in EZPW’s capital structure?

No. It is purely an ownership reporting correction with no impact on share count or capital structure.