EZCORP officer reports RSU vesting, tax share withholding on Form 4

Rhea-AI Filing Summary

EZCORP Inc. (EZPW) reported insider equity activity by its Chief Audit/LP Executive on 11/19/2025. The officer exercised restricted stock units, converting 49,388 units into shares of Class A Non-Voting Common Stock at an exercise price of $0, and then had 12,028 shares disposed of under transaction code F at $17.82 per share, typically used for tax withholding. After these transactions, the officer beneficially owned 103,602 Class A Non-Voting Common shares directly.

The filing also shows a new award of 13,153 restricted stock units, representing “bonus” units tied to performance goals for fiscal 2023, 2024, and 2025, with vesting dates on September 30 in 2025, 2026, and 2027, subject to continued employment. Following the grant and vesting activity, the officer held 81,754 restricted stock units directly, each representing a contingent right to receive one EZCORP Class A Non-Voting Common share upon vesting.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Sajnani Sunil

(Last) (First) (Middle)

2500 BEE CAVE ROAD

BUILDING 1, SUITE 200

(Street)

ROLLINGWOOD TX 78746

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Audit/LP Executive

3. Date of Earliest Transaction (Month/Day/Year)
11/19/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Non-Voting Common Stock	11/19/2025		M		49,388	A	$17.82	115,630	D
Class A Non-Voting Common Stock	11/19/2025		F		12,028	D	$17.82	103,602	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	11/19/2025		A		13,153		(2)	(2)	Class A Non-Voting Common Stock	13,153	$19.04(3)	131,142	D
Restricted Stock Units	(1)	11/19/2025		M			49,388	(4)	(4)	Class A Non-Voting Common Stock	49,388	$0	81,754	D

Explanation of Responses:

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

2. Represents the following "bonus" units (1) 7,263 attributable to the fiscal 2023 Restricted Stock Unit award earned with achievement of the specified performance goal for fiscal 2023 and vesting on September 30, 2025, subject to continued employment, plus (2) 3,393 attributable to the fiscal 2024 Restricted Stock Unit award earned with achievement of the specified performance goal for fiscal 2024 and vesting on September 30, 2026, subject to continued employment, plus (3) 2,497 attributable to the fiscal 2025 Restricted Stock Unit award earned with achievement of the specified performance goal for fiscal 2025 and vesting on September 30, 2027, subject to continued employment.

3. Closing market value on September 30, 2025. However, no consideration was paid for the award other than services rendered and to be rendered by the Reporting Person.

4. The units vested on November 19, 2025 after specified performance goals were achieved.

Remarks:

	/s/ Carrie Putnam, by POA from Sunil Sajnani	11/20/2025
	** 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 4 (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

What insider transaction did EZCORP (EZPW) report on November 19, 2025?

On 11/19/2025, an EZCORP officer exercised 49,388 restricted stock units into Class A Non-Voting Common Stock and reported related share dispositions and new awards.

How many EZCORP shares does the reporting officer own after this Form 4?

After the reported transactions, the officer beneficially owned 103,602 shares of EZCORP Class A Non-Voting Common Stock directly.

How many restricted stock units are reported for the EZCORP officer?

The officer received a new award of 13,153 restricted stock units and, after the transactions, held 81,754 restricted stock units directly.

What was the purpose of the 12,028 EZCORP shares disposed of at $17.82?

The Form 4 shows 12,028 Class A Non-Voting shares disposed of at $17.82 under transaction code F, a code used for share withholding to cover taxes.

What performance-related RSU bonuses did the EZCORP officer receive?

The 13,153 bonus RSUs reflect performance goals for fiscal 2023, 2024, and 2025, with portions vesting on September 30, 2025, September 30, 2026, and September 30, 2027, subject to continued employment.

What is the role of the reporting person in EZCORP (EZPW)?

The reporting person is an EZCORP officer serving as Chief Audit/LP Executive.