Sezzle (SEZL) finance SVP forfeits shares to cover RSU tax
Rhea-AI Filing Summary
Sezzle Inc. senior vice president of finance and controller Justin Krause reported a routine tax-related share disposition. In connection with vested restricted stock units, he forfeited 183 shares of common stock at $66.15 per share to cover withholding taxes, and now holds 80,726 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 183 shares
Net Sell
1 txn
Insider
Krause Justin
Role
SVP FINANCE AND CONTROLLER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock, par value $0.00001 per share | 183 | $66.15 | $12K |
Holdings After Transaction:
Common Stock, par value $0.00001 per share — 80,726 shares (Direct)
Footnotes (1)
- F1. 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.
FAQ
What insider transaction did Sezzle (SEZL) report for Justin Krause?
Justin Krause reported a tax-withholding disposition of 183 Sezzle common shares. These shares were forfeited to cover withholding taxes arising from the vesting of previously awarded restricted stock units, rather than being sold on the open market.
Was the Sezzle (SEZL) Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The 183 shares were forfeited to satisfy withholding tax obligations tied to restricted stock unit vesting, a non-discretionary process handled by the issuer rather than a voluntary market trade.
What is the role of Justin Krause at Sezzle (SEZL) mentioned in the Form 4?
Justin Krause serves as Sezzle’s senior vice president of finance and controller. His position is disclosed in the Form 4, which reports his equity-related transactions and resulting holdings in the company’s common stock after the tax-withholding event.
AI-generated analysis. How Rhea-AI works. Not financial advice.