Sezzle (SEZL) CFO forfeits 1,127 shares to cover RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sezzle Inc.’s Chief Financial Officer Brading Lee Dickson reported routine share dispositions tied to tax withholding, not market sales. On two dates, a total of 1,127 shares of common stock were forfeited to cover withholding taxes due on vesting restricted stock units, at prices around $63.70–$63.76 per share. After these transactions, he directly holds 320,851 shares of Sezzle common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Brading Lee Dickson
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $0.00001 per share | 701 | $63.76 | $45K |
| Tax Withholding | Common Stock, par value $0.00001 per share | 426 | $63.70 | $27K |
Holdings After Transaction:
Common Stock, par value $0.00001 per share — 320,851 shares (Direct)
Footnotes (1)
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Key Figures
Tax-withheld shares (total): 1,127 shares
Tax-withheld shares (Apr 2, 2026): 701 shares at $63.76
Tax-withheld shares (Apr 1, 2026): 426 shares at $63.70
+1 more
4 metrics
Tax-withheld shares (total)
1,127 shares
CFO forfeited shares to cover tax on RSU vesting
Tax-withheld shares (Apr 2, 2026)
701 shares at $63.76
Form 4 code F disposition of common stock
Tax-withheld shares (Apr 1, 2026)
426 shares at $63.70
Form 4 code F disposition of common stock
Shares held after latest transaction
320,851 shares
CFO’s direct Sezzle common stock holdings
Key Terms
restricted stock units, withholding tax obligations, transaction code F, Form 4
4 terms
restricted stock units financial
"In connection with the vesting of previously awarded restricted stock units, the reporting person forfeited these shares"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
withholding tax obligations financial
"forfeited these shares of common stock to satisfy withholding tax obligations"
transaction code F regulatory
"transaction code F indicates payment of exercise price or tax liability by delivering securities"
Form 4 regulatory
"The Form 4 reports tax-withholding dispositions, not open-market sales"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transactions did Sezzle (SEZL) report for its CFO?
Sezzle’s CFO Brading Lee Dickson reported forfeiting shares to cover taxes on vesting restricted stock units. Two Form 4 transactions show 1,127 common shares withheld in total, rather than open-market sales, leaving him with 320,851 directly held shares afterward.
What is transaction code F in the Sezzle (SEZL) Form 4 filing?
Transaction code F indicates payment of exercise price or tax liability by delivering securities. In Sezzle’s Form 4, it shows the CFO’s common shares were forfeited to cover withholding taxes on vesting restricted stock units, rather than being bought or sold in the open market.