Form 4: Sezzle Director & President Paul Paradis Reports Sale of Shares Under Pre-Arranged 10b5-1 Plan

Sezzle Inc.'s Director and President, Paul Paradis, reported the sale of 3,000 shares of common stock for $120.855 per share, executed under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Paul Paradis, Director and President of Sezzle Inc., reported a transaction involving the sale of 3,000 shares of Sezzle Inc. common stock.
• The transaction occurred on June 10, 2025, with shares sold at a price of $120.855 per share.
• This sale was conducted pursuant to a Rule 10b5-1 trading plan, which was adopted by the reporting person's spouse on December 2, 2024.
• Following this transaction, Paul Paradis's beneficial ownership includes 528,382 shares held directly, 272,000 shares held indirectly by his spouse, and 504,066 shares held indirectly by Paradis Family LLC.
• The reporting person disclaims beneficial ownership of shares held by Paradis Family LLC except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The sale of shares by an insider, while reducing their direct stake, was conducted under a pre-arranged 10b5-1 trading plan. This typically indicates a planned diversification or liquidity event rather than a reaction to new negative information, making the sentiment neutral.

Negatives

• The sale of shares by an insider, even under a 10b5-1 plan, reduces their direct equity stake in the company.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This document is a routine insider transaction report (Form 4) and does not provide information directly related to broader industry trends or competitive landscape for Sezzle Inc. It reflects an individual's planned stock sale.

Related Party Transactions

• The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person's spouse.
• Paul Paradis also holds indirect beneficial ownership through Paradis Family LLC.

Stakeholder Impact

• Shareholders may note the slight reduction in direct insider ownership, though the pre-arranged nature of the sale (10b5-1 plan) mitigates concerns about management's immediate confidence in the company.

Key Dates

Recommendation

Keywords

Sezzle Inc., SEZL, Form 4, Insider Trading, Stock Sale, Paul Paradis, 10b5-1 Plan, Beneficial Ownership, Director, President