Sezzle (SEZL) COO offloads 5,118 shares to cover RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sezzle Inc. reported that Chief Operating Officer Amin Sabzivand sold a total of 5,118 shares of common stock on March 3, 2026 in three open-market transactions. These sales were made to cover tax withholding obligations arising from the vesting and settlement of restricted stock units and, according to the disclosure, did not represent discretionary transactions by the executive.
The weighted average sale prices were $70.9292, $71.4119, and $73.3794 per share, with the underlying trades executed within disclosed price ranges. Following these transactions, Sabzivand directly held 223,465 shares of Sezzle common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,118 shares ($365,332)
Net Sell
3 txns
Insider
Sabzivand Amin
Role
Chief Operating Officer
Sold
5,118 shs ($365K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.00001 per share | 3,710 | $70.9292 | $263K |
| Sale | Common Stock, par value $0.00001 per share | 576 | $71.4119 | $41K |
| Sale | Common Stock, par value $0.00001 per share | 832 | $73.3794 | $61K |
Holdings After Transaction:
Common Stock, par value $0.00001 per share — 224,873 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 $72.00, 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 $72.60 to $73.56, 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) COO Amin Sabzivand report?
Amin Sabzivand reported selling 5,118 Sezzle common shares on March 3, 2026. The shares were sold in three open-market transactions to cover tax withholding obligations tied to restricted stock unit vesting and settlement, rather than as discretionary sales in the open market.
At what prices did Sezzle (SEZL) COO Amin Sabzivand’s Form 4 sales occur?
The reported weighted average prices were $70.9292, $71.4119, and $73.3794 per share. Footnotes explain that actual trades occurred in multiple transactions within price ranges from $70.02 to $73.56 on March 3, 2026, with detailed breakdowns available upon request.
Were Amin Sabzivand’s Sezzle (SEZL) stock sales discretionary trades?
No. The filing states the shares were sold to cover tax withholding obligations through a “sell to cover” arrangement. It explicitly notes that these transactions were undertaken to satisfy taxes on restricted stock unit vesting and do not represent discretionary sales by the reporting person.