[Form 4] Sezzle Inc. Insider Trading Activity

Rhea-AI Filing Summary

Sezzle Inc. (SEZL) Form 4 summary: Karen Hartje, Chief Financial Officer, reported a disposal of 5,309 shares of common stock on 09/30/2025 at a reported price of $84.19 per share. The filing explains these shares were forfeited to satisfy withholding tax obligations in connection with the vesting of previously awarded restricted stock units. After the transaction, the reporting person beneficially owned 121,537 shares. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person.

Insights

Financial Analyst

TL;DR: Routine tax-withholding disposition tied to RSU vesting; not a directional trading signal.

The Form 4 documents a common administrative sale where 5,309 shares were surrendered to cover tax withholding upon RSU vesting. The transaction is described as a forfeiture to satisfy withholding and not an open-market sale for liquidity. The reporting person retains substantial ownership at 121,537 shares, which indicates continued alignment with shareholders. This action is typically neutral for valuation models because it reflects compensation mechanics rather than a deliberate divestiture.

Corporate Governance Expert

TL;DR: Administrative share forfeiture for tax withholding; standard insider reporting practice.

The disclosure follows Section 16 requirements, identifying the reporting person as the CFO and documenting the nature of the withholding. The explicit explanation that shares were forfeited to satisfy tax obligations clarifies intent and reduces regulatory or signaling concerns. From a governance perspective, routine RSU vesting and attendant withholding are expected and do not suggest unexpected leadership changes or conflicts.

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).

1. Name and Address of Reporting Person^*

Hartje Karen

(Last) (First) (Middle)

700 NICOLLET MALL

SUITE 640

(Street)

MINNEAPOLIS MN 55402

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Sezzle Inc. [ SEZL ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

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
Common Stock, par value $0.00001 per share	09/30/2025		F(1)		5,309	D	$84.19	121,537	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

Explanation of Responses:

1. In connection with the vesting of previously awarded restricted stock units, the reporting person forfeited these shares of common stock to satisfy withholding tax obligations.

Remarks:

	/s/ Brady Duane Kafka, as Attorney-in-Fact	09/30/2025
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What shares did Karen Hartje report selling on Form 4 for SEZL?

The filing reports a disposal of 5,309 shares of Sezzle common stock on 09/30/2025.

Why were the 5,309 shares disposed according to the Form 4?

The shares were forfeited to satisfy withholding tax obligations in connection with the vesting of restricted stock units.

How many Sezzle (SEZL) shares does the reporting person own after the transaction?

The reporting person beneficially owned 121,537 shares following the reported transaction.

What price is listed for the disposed shares on the Form 4?

The reported price for the disposed shares is $84.19 per share.

Who signed the Form 4 for the reporting person?

The form was signed by Brady Duane Kafka, as Attorney-in-Fact, on 09/30/2025.