Sezzle CEO no longer owns 1.51M trust shares after ruling

Sezzle’s CEO reports a court-driven change in beneficial ownership over 1.51 million trust-held shares, with no share transfers or market sale.

Rhea-AI Filing Summary

Sezzle Inc. (symbol: SEZL) is the issuer of record for a Form 4 filing submitted to the SEC. Youakim Charles reported disposition transactions in this Form 4 filing.

Sezzle Inc. (SEZL) discloses that Executive Chairman and CEO Charles Youakim reported a change in indirect ownership of 1,508,454 shares of common stock on September 2, 2026. Pursuant to a stipulated judgment in a Minnesota family court related to the dissolution of his marriage, he ceased to have any voting or dispositive power over the shares held by the Charles G. Youakim 2020 Irrevocable GST Trust and therefore no longer beneficially owns those shares. No shares were transferred by him, and the change is reported voluntarily and is exempt under Rule 16a-12. After this event, he directly holds 12,346,326 shares and indirectly holds 947,370 shares through Cerro Gordo LLC.

Insider Trade Summary

Other: 1,508,454 shares

Other 3 txns

Insider Youakim Charles

Role Executive Chairman and CEO

Type	Security	Shares	Price	Value
Other	Common Stock, par value $0.00001 per share F1	1,508,454	--	--
holding	Common Stock, par value $0.00001 per share	--	--	--
holding	Common Stock, par value $0.00001 per share	--	--	--

Holdings After Transaction: Common Stock, par value $0.00001 per share — 0 shares (Indirect, By Charles G. Youakim 2020 Irrevocable GST Trust); Common Stock, par value $0.00001 per share — 12,346,326 shares (Direct); Common Stock, par value $0.00001 per share — 947,370 shares (Indirect, Cerro Gordo LLC)

Footnotes (1)

1. F1. Pursuant to a stipulated judgment and decree of the Family Court Division of the State of Minnesota District Court, Fourth Judicial District, entered in connection with the dissolution of the Reporting Person's marriage, effective September 2, 2026, Mr. Youakim ceased to have any voting or dispositive power over the shares of Common Stock held and, as a result, no longer beneficially owns such shares. No shares were transferred by the Reporting Person, and the Reporting Person reports this change voluntarily. The change is exempt under Rule 16a-12.

Key Figures

Indirect shares no longer beneficially owned: 1,508,454 shares Direct holdings after change: 12,346,326 shares Indirect holdings via Cerro Gordo LLC after change: 947,370 shares +1 more

4 metrics

Indirect shares no longer beneficially owned 1,508,454 shares Common stock held by the Charles G. Youakim 2020 Irrevocable GST Trust affected as of September 2, 2026

Direct holdings after change 12,346,326 shares Common stock directly held by Charles Youakim following the September 2, 2026 event

Indirect holdings via Cerro Gordo LLC after change 947,370 shares Common stock indirectly held through Cerro Gordo LLC as of September 2, 2026

Effective date of court judgment September 2, 2026 Date on which he ceased to have voting or dispositive power over 1,508,454 trust-held shares

Key Terms

stipulated judgment and decree, beneficially owns, voting or dispositive power, Rule 16a-12

4 terms

stipulated judgment and decree regulatory

"Pursuant to a stipulated judgment and decree of the Family Court Division"

beneficially owns financial

"no longer beneficially owns such shares"

Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.

voting or dispositive power financial

"ceased to have any voting or dispositive power over the shares"

Rule 16a-12 regulatory

"The change is exempt under Rule 16a-12"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider ownership change did SEZL report for Charles Youakim on this Form 4?

The filing reports that 1,508,454 shares of Sezzle Inc. common stock previously held through the Charles G. Youakim 2020 Irrevocable GST Trust are no longer beneficially owned by him after a court judgment effective September 2, 2026.

Did Charles Youakim sell Sezzle (SEZL) shares in this Form 4 filing?

No. The footnote states that no shares were transferred by Charles Youakim. The change reflects a family court judgment under which he ceased to have voting or dispositive power over 1,508,454 trust-held shares, so he no longer beneficially owns them.

How many Sezzle (SEZL) shares does Charles Youakim hold after this reported change?

After the reported change, Charles Youakim holds 12,346,326 shares of Sezzle common stock directly and 947,370 shares indirectly through Cerro Gordo LLC, according to the Form 4 holding entries dated September 2, 2026.

What caused the change in Charles Youakim’s beneficial ownership of SEZL shares?

The change resulted from a stipulated judgment and decree of the Family Court Division of the Minnesota District Court, entered in connection with the dissolution of his marriage, effective September 2, 2026, which removed his voting and dispositive power over 1,508,454 trust-held shares.

Is the Sezzle (SEZL) Form 4 transaction related to a Rule 10b5-1 trading plan?

No. The Form 4 indicates the Rule 10b5-1 checkbox is not marked, and the footnote explains the change arises from a family court judgment, not from a trading plan or market transaction.

Under which SEC rule is this SEZL ownership change reported as exempt?

The filing states that the change in beneficial ownership is exempt under Rule 16a-12, and that the reporting person is reporting this change voluntarily.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/14/2026 - 05:48 PM Accepted by SEC EDGAR 09/14/2026 - 05:47 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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^*

Youakim Charles

(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)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Chairman and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/02/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.00001 per share								12,346,326	D
Common Stock, par value $0.00001 per share								947,370	I	Cerro Gordo LLC
Common Stock, par value $0.00001 per share	09/02/2026		J		1,508,454(1)	D(1)	(1)	0	I	By Charles G. Youakim 2020 Irrevocable GST Trust

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Pursuant to a stipulated judgment and decree of the Family Court Division of the State of Minnesota District Court, Fourth Judicial District, entered in connection with the dissolution of the Reporting Person's marriage, effective September 2, 2026, Mr. Youakim ceased to have any voting or dispositive power over the shares of Common Stock held and, as a result, no longer beneficially owns such shares. No shares were transferred by the Reporting Person, and the Reporting Person reports this change voluntarily. The change is exempt under Rule 16a-12.

Remarks:

	/s/ Brady Duane Kafka, as Attorney-in-Fact	09/14/2026
	** Signature of Reporting Person	Date
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)