Charles Youakim Reports Decrease in Beneficial Ownership of Sezzle Inc. Due to Divorce Decree
On September 2, 2026, Charles Youakim filed Amendment No. 3 to his Schedule 13D regarding Sezzle Inc. (SEZL). The filing reports a significant change in beneficial ownership resulting from a stipulated judgment in the Family Court Division of the State of Minnesota in connection with the dissolution of Mr. Youakimβs marriage. Specifically, Mr. Youakim ceased to have any voting or dispositive power over 1,508,454 shares of Common Stock held by the Charles G. Youakim 2020 Irrevocable GST Trust. Following this event, Mr. Youakim and his affiliate, Cerro Gordo LLC, collectively beneficially own 13,413,162 shares, representing 39.6% of the company. This total includes 12,346,326 shares held individually (including 67,474 unvested RSUs), 119,466 shares issuable upon the exercise of options, and 947,370 shares held by Cerro Gordo LLC. Additionally, the filing noted the settlement of 19,737 vested RSUs on August 10, 2026, which resulted in the issuance of 12,759 shares after withholding 6,978 shares for tax obligations.