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Sezzle (SEZL) counsel forfeits shares to cover RSU tax withholding

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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 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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SEC Form 4
FORM 4UNITED 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*
Hollis Kerissa

(Last)(First)(Middle)
700 NICOLLET MALL
SUITE 640

(Street)
MINNEAPOLIS MINNESOTA 55402

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Sezzle Inc. [ SEZL ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
General Counsel and Secretary
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/20/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock, par value $0.00001 per share03/20/2026F(1)266D$66.1512,571D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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-Fact03/24/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

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.

How many Sezzle (SEZL) shares did Kerissa Hollis forfeit for taxes?

Kerissa Hollis forfeited 266 shares of Sezzle common stock. The Form 4 states this occurred in connection with the vesting of previously awarded restricted stock units to satisfy withholding tax obligations, using a reference price of $66.15 per share for the disposition.

How many Sezzle (SEZL) shares does Kerissa Hollis hold after the Form 4 transaction?

After the tax-withholding disposition, Kerissa Hollis directly holds 12,571 shares of Sezzle common stock. This indicates the 266 forfeited shares for tax purposes represent a small portion of her overall reported equity position in the company following the transaction.

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.
Sezzle Inc.

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