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

Sezzle Inc. Director and President Paul Paradis reported the sale of 3,000 shares of common stock at $146 per share, executed under a Rule 10b5-1 trading plan.

Summary

• Paul Paradis, Director and President of Sezzle Inc., reported a transaction involving the company's common stock.
• On June 17, 2025, Mr. Paradis disposed of 3,000 shares of Sezzle Inc. common stock, par value $0.00001 per share.
• The shares were sold at a price of $146 per share.
• This transaction was conducted pursuant to a Rule 10b5-1 trading plan, which was adopted by Mr. Paradis's spouse on December 2, 2024.
• Following this transaction, Mr. Paradis directly beneficially owns 528,382 shares of common stock.
• Indirect beneficial ownership includes 269,000 shares held by his spouse and 504,066 shares held by Paradis Family LLC, though Mr. Paradis disclaims beneficial ownership of the LLC shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The sale of shares by an insider, while often viewed with scrutiny, was conducted under a pre-arranged Rule 10b5-1 trading plan. This mitigates concerns about opportunistic selling based on new material information, making the sentiment more neutral rather than overtly negative.

Negatives

• A key insider, Paul Paradis, Director & President, sold 3,000 shares of company stock, which can sometimes be perceived as a negative signal by investors.

Future Outlook

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

Industry Context

This filing is a standard insider transaction report and does not provide information to analyze broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders may interpret the insider sale differently; however, the disclosure that the transaction was part of a Rule 10b5-1 plan helps to mitigate concerns about opportunistic selling based on undisclosed material information.

Key Dates

Keywords

Sezzle Inc., SEZL, Form 4, insider trading, stock sale, Paul Paradis, 10b5-1 plan, beneficial ownership