Form 4: Sezzle Director & President Sells 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 $140.53 per share, executed under a Rule 10b5-1 trading plan.

Summary

• Paul Paradis, Director and President of Sezzle Inc., sold 3,000 shares of common stock.
• The transaction occurred on July 15, 2025, at a price of $140.53 per share.
• The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by Paradis's spouse on December 2, 2024.
• Following the reported transaction, Paul Paradis directly owns 528,382 shares of common stock.
• Indirect ownership includes 257,000 shares held by his spouse and 504,066 shares held by Paradis Family LLC.
• Paradis disclaims beneficial ownership of the 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 potentially viewed negatively, was conducted under a pre-arranged Rule 10b5-1 trading plan, which suggests a scheduled transaction rather than a reaction to new company developments, leading to a neutral sentiment.

Negatives

• A Director and President of Sezzle Inc. sold 3,000 shares of company stock, which can sometimes be perceived negatively by investors, although this sale was pre-planned.

Future Outlook

No specific future outlook or guidance is provided in this insider trading report.

Management Comments

• The reporting person disclaims beneficial ownership of shares held by Paradis Family LLC except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of all the reported shares for purposes of Section 16 or for any other purpose.

Industry Context

This filing is specific to an insider transaction at Sezzle Inc. and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders may interpret the insider sale as a signal, though the pre-arranged nature of the 10b5-1 plan mitigates the potential negative implications.

Key Dates

Recommendation

Keywords

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