Sezzle (SEZL) counsel forfeits shares to cover RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sezzle Inc. reported a routine insider transaction by General Counsel and Secretary Kerissa Hollis. In connection with the vesting of previously awarded restricted stock units, she forfeited 266 shares of common stock to satisfy withholding tax obligations at a reference price of $66.15 per share. This was a tax-withholding disposition, not an open-market sale, and reflects automatic share surrender for taxes rather than an active trading decision. After this transaction, she directly holds 12,571 shares of Sezzle common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hollis Kerissa
Role
General Counsel and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $0.00001 per share | 266 | $66.15 | $18K |
Holdings After Transaction:
Common Stock, par value $0.00001 per share — 12,571 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Sezzle (SEZL) report for Kerissa Hollis?
Sezzle reported that General Counsel and Secretary Kerissa Hollis forfeited 266 shares of common stock. The shares were surrendered to cover tax withholding on vesting restricted stock units, rather than sold in the open market, and she continues to hold 12,571 shares directly.
Was the Sezzle (SEZL) Form 4 transaction an open-market sale?
No, the Form 4 transaction was not an open-market sale. The filing shows a tax-withholding disposition, where 266 shares were forfeited to satisfy withholding taxes on vested restricted stock units, a routine administrative event rather than a discretionary stock sale.
What does transaction code F mean in the Sezzle (SEZL) Form 4?
Transaction code F on the Sezzle Form 4 indicates a tax-withholding disposition. The filing explains that 266 shares were delivered or forfeited to satisfy withholding tax obligations tied to vesting restricted stock units, rather than reflecting a voluntary buy or sell decision.