Sezzle (NASDAQ: SEZL) CFO sells shares to cover taxes, gains RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sezzle Inc. Chief Financial Officer Brading Lee Dickson reported multiple stock transactions in common shares. On March 3, 2026, he sold an aggregate of 1,240 shares in open-market transactions at weighted-average prices of about $70.93, $71.41, and $73.38 to cover tax withholding obligations tied to restricted stock unit vesting, described as non-discretionary "sell to cover" sales. He also received a grant of 29,976 restricted stock units at no cost, which vest over four years, with 25% vesting on the one-year anniversary of the vesting commencement date and the remainder in equal quarterly installments thereafter. After these transactions, he held 321,978 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,240 shares ($88,513)
Net Sell
4 txns
Insider
Brading Lee Dickson
Role
Chief Financial Officer
Sold
1,240 shs ($89K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.00001 per share | 896 | $70.9294 | $64K |
| Sale | Common Stock, par value $0.00001 per share | 143 | $71.4071 | $10K |
| Sale | Common Stock, par value $0.00001 per share | 201 | $73.3807 | $15K |
| Grant/Award | Common Stock, par value $0.00001 per share | 29,976 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.00001 per share — 292,346 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. Reflecting an award of restricted stock units that vest over four years. 25% vests on the one-year anniversary of the vesting commencement date, and the remainder vests in equal quarterly installments thereafter.
FAQ
What insider transactions did Sezzle (SEZL) report for its CFO on March 3, 2026?
Sezzle’s Chief Financial Officer Brading Lee Dickson reported selling 1,240 common shares in open-market transactions and receiving 29,976 restricted stock units. The sales were associated with tax withholding obligations, while the RSU award vests over four years based on the disclosed schedule.
Were the Sezzle (SEZL) CFO’s March 3, 2026 stock sales discretionary trades?
The reported stock sales were not discretionary trades. They were conducted as "sell to cover" transactions to satisfy tax withholding obligations arising from restricted stock unit vesting and settlement, according to the filing’s footnote, rather than independent open-market selling decisions by the executive.
What are the vesting terms of the Sezzle (SEZL) CFO’s 29,976 RSU award?
The 29,976 restricted stock units vest over four years. According to the disclosure, 25% vests on the one-year anniversary of the vesting commencement date, and the remaining units vest in equal quarterly installments thereafter until fully vested.
What type of security is involved in the Sezzle (SEZL) CFO’s Form 4 transactions?
All reported transactions involve Sezzle Inc. common stock with a par value of $0.00001 per share. These include open-market sales of existing shares and an acquisition through a grant of restricted stock units that convert into common shares as they vest over time.