Sezzle (SEZL) director logs tiny share sale, agrees to repay $8.05

Rhea-AI Filing Summary

Sezzle Inc. director Kyle M. Brehm reported a very small stock sale in a Form 4. On January 5, 2026, he sold 1 share of Sezzle common stock at $65.55 per share, leaving him with 24,128 shares beneficially owned directly after the transaction.

The footnote explains that this sale may be treated as a non‑exempt transaction under Section 16(b) and could be matched with a previously reported market purchase on November 12, 2025 at $57.50 per share. Brehm has agreed to pay the issuer $8.05, which represents the potential short‑swing profit on the matched trade, net of transaction costs.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Brehm Kyle M.

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/05/2026

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	01/05/2026		S(1)		1	D	$65.55	24,128	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. The reporting person has been advised that his market sale of 1 share reported herein at an effective value of $65.55 per share may be considered a sale under Section 16(b) of the Securities Exchange Act of 1934 that is not exempt under applicable rules. In that event, such a sale could be matched with the previously reported purchase of shares by the reporting person on November 12, 2025 in a market transaction at the gross purchase price of $57.50 per share. The reporting person has agreed to pay to the issuer $8.05, representing the profit that would result from such matching, net of transaction costs.

Remarks:

	/s/ Brady Duane Kafka, as Attorney-in-Fact	01/20/2026
	** 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

Who is the insider in Sezzle (SEZL) reported in this Form 4?

The insider is Kyle M. Brehm, who is listed as a director of Sezzle Inc. and the reporting person for this Form 4 filing.

How many Sezzle (SEZL) shares did the director sell and at what price?

On January 5, 2026, the director sold 1 share of Sezzle common stock at a price of $65.55 per share in an open‑market transaction coded as S (sale).

How many Sezzle (SEZL) shares does the director own after this transaction?

Following the reported sale, the director beneficially owns 24,128 shares of Sezzle common stock, held with direct ownership.

What does the Section 16(b) note mean in this Sezzle (SEZL) Form 4?

The footnote states that the 1‑share sale at $65.55 per share may be considered a non‑exempt sale under Section 16(b), which could be matched against a prior market purchase on November 12, 2025 at $57.50 per share.

How much profit will be paid back to Sezzle (SEZL) in connection with this Form 4 transaction?

The reporting person has agreed to pay the issuer $8.05, representing the short‑swing profit that would result from matching the January 5, 2026 sale with the November 12, 2025 purchase, net of transaction costs.

Is this Sezzle (SEZL) insider transaction made under a Rule 10b5-1 trading plan?

The form includes a checkbox for indicating transactions under a Rule 10b5‑1(c) trading plan, but the provided content does not show that box as checked for this sale.