Sezzle Inc.·4

Apr 3, 4:12 PM ET

Youakim Charles 4

Research Summary

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Updated

Sezzle (SEZL) 10% Owner Youakim Charles Forfeits 6,975 Shares

What Happened

  • Youakim Charles, reported as a 10% owner of Sezzle Inc. (SEZL), forfeited 6,975 shares on 2026-04-01 to satisfy tax withholding obligations tied to previously vested restricted stock units (RSUs). The shares were valued at $63.70 each, totaling $444,308. This was a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

  • Transaction date: 2026-04-01; Filing date: 2026-04-03 (filed within the typical 2-business-day window).
  • Price per share: $63.70; Shares forfeited: 6,975; Total value: $444,308.
  • Reason: Forfeited shares to satisfy withholding tax obligations upon RSU vesting (footnote F1).
  • Ownership/voting: Reporting person may be deemed to have voting and dispositive power over the securities (footnote F2).
  • Shares owned after transaction: Not specified in the Form 4.

Context

  • This was a tax-withholding action (common with RSU vesting) rather than a discretionary sale. Such forfeitures are routine and typically do not indicate a view on the company’s stock price. For retail investors, purchases are generally more informative about insider sentiment than tax-related forfeitures.