A Form 4 filed on August 12, 2026 with the SEC reports that Charles Youakim, Executive Chairman and CEO of Sezzle Inc. (NASDAQ:SEZL), disposed of 6,978 shares of common stock on August 10, 2026 to satisfy tax withholding obligations tied to vesting restricted stock units.

Key Highlights

  • Transaction type: 6,978 shares of Sezzle common stock were forfeited (transaction code F) at a price of $118 per share on August 10, 2026.
  • Purpose: According to the filing, the shares were forfeited "to satisfy withholding tax obligations" in connection with the vesting of previously awarded restricted stock units.
  • Direct ownership after transaction: Youakim directly holds 12,346,326 shares of common stock following the reported transaction.
  • Indirect holdings: An additional 947,370 shares are held indirectly through Cerro Gordo LLC, and 1,508,454 shares through the Charles G. Youakim 2020 Irrevocable GST Trust.
  • Reporting person's roles: Youakim is identified as a Director, 10% Owner, and Officer (Executive Chairman and CEO) of Sezzle Inc.

Sezzle CEO's Share Forfeiture Details and Ownership Position

According to the Form 4 filed on August 12, 2026, Charles Youakim disposed of 6,978 shares of Sezzle Inc. common stock (par value $0.00001 per share) on August 10, 2026, at a price of $118 per share. The filing states that the transaction code is "F," indicating a forfeiture, and that the shares were surrendered "to satisfy withholding tax obligations" arising from the vesting of previously awarded restricted stock units.

Following the reported transaction, Youakim directly holds 12,346,326 shares of Sezzle common stock. The filing also reports two indirect ownership positions: 947,370 shares held through Cerro Gordo LLC, and 1,508,454 shares held through the Charles G. Youakim 2020 Irrevocable GST Trust. The filing notes that Youakim "may be deemed to have voting and dispositive power over" the shares held by the trust.

The Form 4 was signed by Justin Krause as Attorney-in-Fact on August 12, 2026. No derivative securities transactions were reported in Table II of the filing. Youakim is listed as a Director, 10% Owner, and Officer of Sezzle Inc., serving in the role of Executive Chairman and CEO.

What Was Disclosed

Charles Youakim, Executive Chairman and CEO of Sezzle Inc. (NASDAQ:SEZL), filed a Form 4 reporting the forfeiture of 6,978 common shares at $118 per share on August 10, 2026, solely to cover tax withholding on vesting restricted stock units, leaving him with 12,346,326 directly held shares.