Sezzle COO granted 45,000 RSUs in Form 4
Sabzivand Amin reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Sabzivand Amin reported acquisition or exercise transactions in this Form 4 filing.
Sezzle Inc. Chief Operating Officer Amin Sabzivand reported an equity compensation grant of 45,000 shares of common stock in the form of restricted stock units at no cash cost per share. The award vests over four years, with 25% vesting on the one-year anniversary of the vesting commencement date and the remainder vesting in equal quarterly installments. Following this grant, Sabzivand directly holds 260,122 shares of Sezzle common stock.
Insider Trade Summary
Grant/Award: 45,000 shares
Grant/Award
1 txn
Insider
Sabzivand Amin
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.00001 per share | 45,000 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock, par value $0.00001 per share — 260,122 shares (Direct)
Footnotes (1)
- 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.
Key Figures
RSU grant size: 45,000 shares
Grant price per share: $0.0000 per share
Total holdings after grant: 260,122 shares
+2 more
5 metrics
RSU grant size
45,000 shares
Restricted stock unit award to COO Amin Sabzivand
Grant price per share
$0.0000 per share
Reported transaction price for RSU grant
Total holdings after grant
260,122 shares
Common stock directly held following the transaction
Initial vesting tranche
25% of units
Vests on one-year anniversary of vesting commencement date
Remaining vesting pattern
Equal quarterly installments
Covers remaining RSUs after first-year vest
Key Terms
restricted stock units, vesting commencement date, grant, award, or other acquisition, Common Stock, par value $0.00001 per share, +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.
vesting commencement date financial
"25% vests on the one-year anniversary of the vesting commencement date,"
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
Chief Operating Officer financial
"officer_title": "Chief Operating Officer""
A chief operating officer (COO) is a senior executive responsible for overseeing the day-to-day activities of a company, ensuring that all parts of the organization work smoothly and efficiently. They often act like a company's operational quarterback, translating strategic plans into practical actions. For investors, the COO's effectiveness can influence a company's performance and stability, making them an important figure in assessing the company's management strength.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Sezzle (SEZL) report for Amin Sabzivand?
Sezzle reported that COO Amin Sabzivand received a grant of 45,000 restricted stock units of common stock. The award is equity compensation, carries no cash purchase price, and increases his direct holdings to 260,122 shares after the transaction.
Is Amin Sabzivand’s Sezzle (SEZL) Form 4 transaction a stock purchase or a grant?
The Form 4 shows a grant, not an open-market purchase. Code A identifies a grant or award acquisition of 45,000 restricted stock units, reflecting compensation rather than a discretionary buy, with no cash price paid per share in this transaction.
How do Amin Sabzivand’s new Sezzle (SEZL) restricted stock units vest?
The 45,000 restricted stock units vest over four years. According to the disclosure, 25% vests on the one-year anniversary of the vesting commencement date, and the remaining units vest in equal quarterly installments thereafter until fully vested.
What does transaction code A mean in the Sezzle (SEZL) Form 4 for Amin Sabzivand?
Transaction code A on the Form 4 indicates a grant, award, or other acquisition. For Amin Sabzivand, it denotes an equity compensation grant of 45,000 restricted stock units of Sezzle common stock rather than a market purchase or sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.
