Form 4: Sezzle Director & President Paul Paradis Reports Stock Transactions
Insider Transaction Report
Sezzle Inc.'s Director and President, Paul Paradis, reported the forfeiture of 7,110 shares for tax obligations and the sale of 3,000 shares by his spouse under a 10b5-1 plan.
Summary
- Paul Paradis, Director and President of Sezzle Inc., reported stock transactions on July 1, 2025.
- 7,110 shares of Sezzle common stock were forfeited at a price of $167.58 per share to satisfy withholding tax obligations related to the vesting of previously awarded restricted stock units.
- An additional 3,000 shares of common stock were sold by Paradis's spouse at a price of $176.08 per share.
- The sale by the spouse was conducted pursuant to a Rule 10b5-1 trading plan adopted on December 2, 2024.
- Following these transactions, Paul Paradis directly owns 521,272 shares of common stock.
- Paradis indirectly owns 263,000 shares through his spouse and 504,066 shares through Paradis Family LLC, though he disclaims beneficial ownership of the LLC shares except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: A Form 4 filing is a factual disclosure of insider transactions and does not inherently convey positive or negative sentiment regarding the company's performance or outlook. The transactions reported are routine (tax-related forfeiture) or pre-planned (10b5-1 sale).
Future Outlook
NA
Industry Context
NA
Related Party Transactions
- Sale of 3,000 shares by the reporting person's spouse under a Rule 10b5-1 trading plan.
- Indirect beneficial ownership of 504,066 shares through Paradis Family LLC, with the reporting person disclaiming beneficial ownership except for pecuniary interest.
Stakeholder Impact
- Shareholders: Provides transparency regarding insider stock ownership and transactions, which can influence investor perception and confidence.
Key Dates
| Date | Description |
|---|---|
| 12/02/2024 | Date the reporting person's spouse adopted the Rule 10b5-1 trading plan. |
| 07/01/2025 | Date of reported transactions (forfeiture of shares and sale of shares by spouse). |
| 07/03/2025 | Signature date of the Form 4 filing. |
Recommendation
holdKeywords
Sezzle, SEZL, Form 4, insider trading, stock transactions, Paul Paradis, common stock, 10b5-1 plan, share sale, stock forfeiture, director, president
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