Tax-withholding share sale by Sezzle (SEZL) general counsel disclosed
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sezzle Inc. reported that its General Counsel and Secretary, Kerissa Hollis, executed open-market sales of company common stock on March 3, 2026 to cover tax withholding tied to restricted stock unit vesting.
The Form 4 shows three non-derivative transactions totaling 233 shares of common stock, with reported weighted average prices of $70.9282, $71.4104, and $73.3792 per share. These sales were described as "sell to cover" transactions for tax obligations and not discretionary trades by the reporting person. After these sales, Hollis directly held 12,837 shares of Sezzle common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 233 shares ($16,632)
Net Sell
3 txns
Insider
Hollis Kerissa
Role
General Counsel and Secretary
Sold
233 shs ($17K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.00001 per share | 169 | $70.9282 | $12K |
| Sale | Common Stock, par value $0.00001 per share | 26 | $71.4104 | $2K |
| Sale | Common Stock, par value $0.00001 per share | 38 | $73.3792 | $3K |
Holdings After Transaction:
Common Stock, par value $0.00001 per share — 12,901 shares (Direct)
Footnotes (1)
- The sales reported in this line item represent shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units. The sales were to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary transactions by the Reporting Person. The sales were effected in multiple transactions at prices ranging from $70.02 to $71.00, inclusive, on March 3, 2026. The price reported in Column 4 is the weighted average price. The reporting person undertakes to provide, upon request, full information regarding the number of shares purchased in each transaction. The sales were effected in multiple transactions at prices ranging from $71.09 to $71.98, inclusive, on March 3, 2026. The price reported in Column 4 is the weighted average price. The reporting person undertakes to provide, upon request, full information regarding the number of shares purchased in each transaction. The sales were effected in multiple transactions at prices ranging from $72.60 to $73.55, inclusive, on March 3, 2026. The price reported in Column 4 is the weighted average price. The reporting person undertakes to provide, upon request, full information regarding the number of shares purchased in each transaction.
FAQ
What insider transaction did Sezzle (SEZL) disclose for Kerissa Hollis?
Sezzle reported that General Counsel and Secretary Kerissa Hollis sold 233 shares of common stock on March 3, 2026. The Form 4 states these open-market sales were solely to cover tax withholding from vesting restricted stock units through a predetermined sell-to-cover arrangement.
What type of security was involved in the Sezzle (SEZL) insider transactions?
All reported transactions involve Sezzle Inc. common stock with a par value of $0.00001 per share. The Form 4 identifies these as non-derivative securities, meaning they are actual common shares rather than options, warrants, or other derivative instruments.