Sezzle (SEZL) SVP Justin Krause forfeits 1,269 shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sezzle Inc. senior vice president of finance and controller Justin Krause reported routine share forfeitures tied to equity compensation. On two dates, he surrendered a total of 1,269 shares of common stock to cover withholding taxes due on vesting of previously awarded restricted stock units. These transactions were coded as tax-withholding dispositions rather than open-market sales. After these entries, he directly held 79,457 shares of Sezzle common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Krause Justin
Role
SVP FINANCE AND CONTROLLER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $0.00001 per share | 754 | $63.76 | $48K |
| Tax Withholding | Common Stock, par value $0.00001 per share | 515 | $63.70 | $33K |
Holdings After Transaction:
Common Stock, par value $0.00001 per share — 79,457 shares (Direct)
Footnotes (1)
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Key Figures
Tax-withholding shares total: 1,269 shares
First tax-withholding block: 754 shares at $63.76
Second tax-withholding block: 515 shares at $63.70
+3 more
6 metrics
Tax-withholding shares total
1,269 shares
Total shares forfeited for tax withholding across both transactions
First tax-withholding block
754 shares at $63.76
Disposal on 2026-04-02 to satisfy tax obligations
Second tax-withholding block
515 shares at $63.70
Disposal on 2026-04-01 to satisfy tax obligations
Direct holdings after latest transaction
79,457 shares
Direct Sezzle common stock held after 2026-04-02 entry
Direct holdings after earlier transaction
80,211 shares
Direct Sezzle common stock held after 2026-04-01 entry
Tax-withholding transaction count
2 transactions
Both coded F, tax-withholding dispositions on consecutive dates
Key Terms
restricted stock units, withholding tax obligations, tax-withholding disposition, Common Stock, par value $0.00001 per share
4 terms
restricted stock units financial
"In connection with the vesting of previously awarded restricted stock units, the reporting person forfeited"
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.
withholding tax obligations financial
"forfeited these shares of common stock to satisfy withholding tax obligations."
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did Sezzle (SEZL) executive Justin Krause report?
Justin Krause reported forfeiting Sezzle common shares to cover taxes on vested restricted stock units. The Form 4 shows tax-withholding dispositions, not open-market trades, reflecting routine equity compensation processing rather than discretionary buying or selling activity in the company’s stock.
What does the Form 4 tax-withholding disposition mean for Sezzle (SEZL) investors?
The tax-withholding dispositions reflect shares surrendered to satisfy tax obligations on vested restricted stock units. They are not open-market sales and usually signal routine administration of equity compensation programs, rather than a change in the insider’s view of Sezzle’s prospects or valuation.