Sezzle CEO awarded 28,000 RSUs in Form 4
Youakim Charles reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Youakim Charles reported acquisition or exercise transactions in this Form 4 filing.
Sezzle Inc. Executive Chairman and CEO Charles Youakim reported an equity compensation award on common stock. He received 28,000 restricted stock units at $0.0000 per share, which vest over four years. After this award, he directly holds 12,353,304 common shares, with additional indirect holdings through a 2020 irrevocable GST trust and Cerro Gordo LLC.
Insider Trade Summary
Grant/Award: 28,000 shares
Grant/Award
3 txns
Insider
Youakim Charles
Role
Executive Chairman and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.00001 per share | 28,000 | $0.00 | $0.00 |
| holding | Common Stock, par value $0.00001 per share | -- | -- | -- |
| holding | Common Stock, par value $0.00001 per share | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.00001 per share — 12,353,304 shares (Direct);
Common Stock, par value $0.00001 per share — 947,370 shares (Indirect, Cerro Gordo LLC);
Common Stock, par value $0.00001 per share — 1,508,454 shares (Indirect, By Charles G. Youakim 2020 Irrevocable GST Trust)
Footnotes (2)
- F1. Reflecting an award of restricted stock units that vest over four years. 25% vests on the one-year anniversary of the vesting commencement date, and the remainder vests in equal quarterly installments thereafter.
- F2. The reporting person may be deemed to have voting and dispositive power over these securities.
Key Figures
RSU award: 28,000 shares
Grant price: $0.0000 per share
Direct holdings after grant: 12,353,304 shares
+3 more
6 metrics
RSU award
28,000 shares
Restricted stock units granted to CEO
Grant price
$0.0000 per share
Price for RSU award
Direct holdings after grant
12,353,304 shares
CEO common stock position following transaction
Trust indirect holdings
1,508,454 shares
Charles G. Youakim 2020 Irrevocable GST Trust
LLC indirect holdings
947,370 shares
Cerro Gordo LLC position
Vesting schedule initial cliff
25% after one year
First tranche of RSU vesting
Key Terms
restricted stock units, vest, dispositive power, Irrevocable GST Trust, +1 more
5 terms
restricted stock units financial
"Reflecting an award of restricted stock units that vest over four years."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vest financial
"25% vests on the one-year anniversary of the vesting commencement date, and the remainder vests in equal quarterly installments thereafter."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
dispositive power financial
"The reporting person may be deemed to have voting and dispositive power over these securities."
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
Irrevocable GST Trust financial
"By Charles G. Youakim 2020 Irrevocable GST Trust"
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Sezzle (SEZL) report for CEO Charles Youakim?
Sezzle reported an equity compensation award to CEO Charles Youakim. He received 28,000 restricted stock units of common stock at $0.0000 per share, increasing his direct holdings to 12,353,304 shares, in addition to indirect holdings through a trust and an LLC.
How do the new restricted stock units for Sezzle’s CEO vest?
The 28,000 restricted stock units vest over four years. According to the disclosure, 25% vests on the one-year anniversary of the vesting commencement date, with the remaining units vesting in equal quarterly installments thereafter.
What indirect Sezzle holdings are associated with Charles Youakim?
Indirect holdings include 1,508,454 Sezzle shares held by the Charles G. Youakim 2020 Irrevocable GST Trust and 947,370 shares held by Cerro Gordo LLC. The filing notes he may be deemed to have voting and dispositive power over these securities.
Is the Sezzle CEO’s Form 4 transaction a market purchase or sale?
The reported transaction is an equity compensation grant, not a market trade. It reflects an award of 28,000 restricted stock units at $0.0000 per share, classified as a grant, award, or other acquisition under transaction code A.
AI-generated analysis. How Rhea-AI works. Not financial advice.
