Insider Filing: SEZL General Counsel Forfeits 137 Shares for Withholding

Rhea-AI Filing Summary

Hollis Kerissa, General Counsel and Secretary of Sezzle Inc. (SEZL), reported a disposition on 09/30/2025 of 137 shares of common stock at a reported price of $84.19 per share. Following this transaction the reporting person beneficially owns 13,399 shares. The filing explains these shares were forfeited to satisfy withholding tax obligations in connection with the vesting of previously awarded restricted stock units. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person.

Positive

• Withholding executed via share forfeiture to satisfy tax obligations as stated, avoiding a cash payment by the reporting person
• Clear disclosure of share count, price, and post-transaction beneficial ownership

Negative

• Reduction in direct holdings by 137 shares as reported
• Transaction recorded at $84.19 per share, indicating the value of shares surrendered

Insights

Corporate Governance Expert

TL;DR: Routine RSU withholding via share forfeiture; no new purchases or sales beyond tax-related disposition.

This Form 4 documents a standard administrative action: the forfeiture of 137 vested restricted stock units to cover tax withholding, which reduced the insider's direct holdings to 13,399 shares. The filing uses transaction code F(1), consistent with shares surrendered to satisfy tax obligations. There is no indication of voluntary open-market selling or additional compensatory grants in this filing. The signature by an attorney-in-fact is properly noted.

Securities Analyst

TL;DR: Minor, non-market-disruptive insider disposition for tax withholding purposes.

The transaction size (137 shares) is immaterial relative to typical outstanding share counts for public companies and appears solely to satisfy tax withholding from vested RSUs at a price noted as $84.19 per share. The reported beneficial ownership after the transaction is 13,399 shares, which is explicitly stated. No other derivative or compensatory transactions are reported on this Form 4.

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^*

Hollis Kerissa

(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)
	General Counsel and Secretary

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)		137	D	$84.19	13,399	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

Who filed the Form 4 for SEZL?

Hollis Kerissa, General Counsel and Secretary of Sezzle Inc., filed the Form 4 (signed by an attorney-in-fact).

What transaction is reported on the SEZL Form 4 dated 09/30/2025?

A disposition of 137 shares of common stock reported with transaction code F(1), at a price of $84.19 per share.

Why were the 137 shares disposed of according to the filing?

The filing states the shares were forfeited to satisfy withholding tax obligations related to the vesting of previously awarded restricted stock units.

How many shares does the reporting person own after the transaction?

The reporting person beneficially owns 13,399 shares following the reported transaction.

Was this Form 4 signed directly by the reporting person?

The Form 4 was signed on 09/30/2025 by Brady Duane Kafka as Attorney-in-Fact on behalf of the reporting person.