Amin Sabzivand
About Amin Sabzivand
Amin Sabzivand, age 37, is Sezzle’s Chief Operating Officer (COO) since March 2023, overseeing engineering, product, risk, operations, and business analytics across the U.S. and Canada . He previously served as Senior Vice President of Product and Vice President/Head of Data, where he designed machine‑learning algorithms for credit risk and fraud detection and built analytics/KPI reporting capabilities . He holds two master’s degrees (Financial Mathematics and Engineering Management) from the University of Minnesota and worked within the University of Minnesota’s Mathematics department prior to joining Sezzle . During his tenure, Sezzle reported strong performance momentum: in Q3 2025 Total Revenue grew 67% YoY to $116.8M and Adjusted EBITDA rose 74.6% YoY to $39.6M (33.9% margin) .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Sezzle Inc. | Chief Operating Officer | Mar 2023–present | Leads engineering, product, risk, operations, and analytics; defines and executes organizational strategy in U.S./Canada |
| Sezzle Inc. | Senior Vice President of Product | Mar 2021–Mar 2023 | Led product strategy, objectives, goals, and execution |
| Sezzle Inc. | Vice President/Head of Data | pre‑2021 | Built ML models for credit risk/fraud; designed analytics tools and KPI reporting |
| University of Minnesota | Mathematics Department roles | pre‑Sezzle | Academic/analytical roles; foundation for quantitative risk and analytics |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| University of Minnesota | Mathematics Department roles | pre‑Sezzle | Quantitative training and academic analytics supporting later ML/risk leadership |
Performance Compensation
Equity Awards and Incentives
| Type | Grant Date | Shares/Units Granted | Fair Value (if disclosed) | Vesting Schedule | Change‑of‑Control Treatment |
|---|---|---|---|---|---|
| Unrestricted Stock (PSIP) | Mar 20, 2025 | 4,019 shares | Not disclosed | N/A (unrestricted PSIP issuance) | N/A |
| RSUs | Mar 20, 2025 | 2,000 units | Not disclosed | 25% on first anniversary (Mar 20, 2026), remaining quarterly thereafter | Not disclosed for this grant in the 8‑K |
| RSUs | Apr 1, 2024 | 25,000 units | Not disclosed | 25% on Apr 1, 2025; 6.25% quarterly thereafter | Full acceleration upon (i) consummation of change of control, (ii) termination without cause, or (iii) resignation for “good reason” in connection with/after change of control |
Notes:
- PSIP framework: Company established 2024 PSIP payout pool based on 10% of adjusted net income, with individual payouts discretionary; 2023 PSIP cash payout was 50% of goal based on adjusted pre‑tax income targets .
- Long‑Term Incentive Plan (LTIP): executives eligible for RSUs/options under 2021 Equity Incentive Plan with four‑year service‑based vesting .
Equity Ownership & Alignment
| Category | Detail | Amount |
|---|---|---|
| Beneficial ownership (Apr 21, 2025) | Total common shares deemed beneficially owned | 179,358 shares (<1.0%) |
| Components | Options included | 60,930 shares |
| Components | RSUs vesting by June 20, 2025 included | 1,692 units |
| Shares outstanding basis | Reference shares outstanding | 33,964,824 shares (as of Apr 21, 2025) |
| Pledging | Pledges disclosed for Amin | None disclosed; CEO pledged 10,323,600 shares (context) |
| Trading plans | Rule 10b5‑1 plan adoption | Adopted Dec 3, 2024; terminated Dec 6, 2024; updated plan for potential sale up to 17,000 shares from Mar 10–Sep 30, 2025; no sales as of filing date |
Employment Terms
- Change‑of‑control and termination provisions: April 1, 2024 awards (including Amin’s RSUs) fully vest upon consummation of change of control, termination without cause, or resignation for “good reason” in connection with/after change of control .
- Clawback framework: awards under 2021 Equity Incentive Plan subject to forfeiture/disgorgement and to any Company clawback policies and applicable exchange listing standards; plan effective through June 10, 2031 .
- Broader executive employment agreements: Named executive officers have employment agreements (dated June 1, 2019) with one‑year post‑termination non‑compete/non‑solicit obligations; filings do not specify Amin’s agreement terms, so coverage for him is not disclosed .
Investment Implications
- Equity‑heavy pay with RSUs and PSIP stock aligns Amin’s incentives with shareholder value creation; however, April 1, 2024 grants include single‑trigger (CoC) acceleration and additional double‑trigger protections in connection with change‑of‑control, raising potential windfall risk in M&A scenarios .
- Insider selling pressure signal: Amin’s updated Rule 10b5‑1 plan contemplated sales up to 17,000 shares through Sep 30, 2025; while no sales occurred as of the FY2024 10‑K filing, the plan indicates potential liquidity needs or diversification intent .
- Ownership alignment: Amin’s stake is <1% of shares outstanding, with a material portion in options/RSUs; no pledging disclosed for him (CEO pledging is separate), implying lower alignment risk from collateralization, but limited direct ownership may temper alignment strength .
- Company execution backdrop: Strong Q3 2025 revenue growth (+67% YoY) and expanding profitability (Adjusted EBITDA +74.6% YoY; 33.9% margin) underpin LTIP and PSIP values, supporting pay‑for‑performance and retention if growth persists .