Form 4: Sezzle Director & President Sells Shares Under 10b5-1 Plan
Insider Transaction Report
Paul Paradis, Director and President of Sezzle Inc., sold 3,000 shares of common stock for $88.67 per share under a pre-arranged 10b5-1 trading plan.
Summary
- Paul Paradis, a Director and President of Sezzle Inc., reported a sale of 3,000 shares of common stock.
- The transaction occurred on September 9, 2025, at a price of $88.67 per share.
- The sale was executed pursuant to a Rule 10b5-1 trading plan adopted by Paradis's spouse on December 2, 2024.
- Following the transaction, Paradis directly owns 528,382 shares.
- Indirectly, Paradis beneficially owns 233,000 shares through his spouse and 504,066 shares through Paradis Family LLC.
Sentiment
Score: 5
Explanation: The sale of shares by a director and president is a neutral event due to its execution under a pre-arranged Rule 10b5-1 trading plan, which indicates the decision to sell was made in advance and not in response to recent company performance or news.
Related Party Transactions
- Paul Paradis indirectly beneficially owns 233,000 shares through his spouse.
- Paul Paradis indirectly beneficially owns 504,066 shares through Paradis Family LLC, for which he disclaims beneficial ownership except to the extent of his pecuniary interest.
Stakeholder Impact
- Shareholders: May interpret the insider sale, even if pre-planned, as a slight reduction in management's direct equity alignment, though the 10b5-1 plan mitigates negative signaling.
Key Dates
| Date | Description |
|---|---|
| 12/02/2024 | Date reporting person's spouse adopted Rule 10b5-1 trading plan. |
| 09/09/2025 | Date of common stock transaction (sale). |
| 09/11/2025 | Date of Form 4 filing signature. |
Recommendation
holdThe reported transaction is an insider sale executed under a pre-arranged Rule 10b5-1 trading plan. Such plans are typically established for personal financial management and do not necessarily reflect a change in the insider's view of the company's future prospects. Therefore, this event alone does not provide a strong signal for a 'buy' or 'sell' recommendation, suggesting a 'hold' position is appropriate based solely on this filing.
Keywords
Sezzle Inc., SEZL, Insider Trading, Form 4, Paul Paradis, Stock Sale, 10b5-1 Plan, Director, President
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