Form 4: Sezzle Director Sells Shares for Tax Obligations

Sezzle Inc.'s Director and President, Paul Paradis, sold 7,110 shares of common stock to cover tax obligations related to restricted stock unit vesting.

Summary

• Paul Paradis, Director and President of Sezzle Inc., reported a transaction involving Sezzle common stock.
• On November 12, 2025, Paradis forfeited 7,110 shares of common stock at a price of $58.01 per share.
• This forfeiture was in connection with the vesting of previously awarded restricted stock units (RSUs) and was done to satisfy withholding tax obligations.
• Following this transaction, Paradis directly beneficially owns 514,162 shares of common stock.
• Paradis also indirectly beneficially owns 504,066 shares through Paradis Family LLC and 233,000 shares through his spouse.

Sentiment

Score: 5

Explanation: The transaction is neutral as it represents a routine, non-discretionary sale of shares to cover tax obligations upon RSU vesting, rather than a discretionary sale based on the executive's view of the company's prospects.

Positives

• The underlying event, the vesting of previously awarded restricted stock units, represents earned compensation for the reporting person.

Future Outlook

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

Industry Context

This transaction is a routine insider filing (Form 4) common for executives receiving equity compensation. The 'sell to cover' for tax obligations upon RSU vesting is a standard practice across industries and does not typically reflect a discretionary view on the company's future performance.

Related Party Transactions

• Paul Paradis indirectly beneficially owns 504,066 shares through Paradis Family LLC and 233,000 shares by his spouse. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in management's confidence or company fundamentals.
• Employees: No direct impact mentioned.

Key Dates

Recommendation

The transaction reported is a routine 'sell to cover' for tax obligations related to restricted stock unit vesting. This is a non-discretionary event and does not reflect a change in the executive's confidence in the company or its future prospects. Therefore, it provides no new fundamental information to alter an existing investment thesis, warranting a 'hold' recommendation.

Keywords

Sezzle, SEZL, Insider Transaction, Form 4, Paul Paradis, Restricted Stock Units, Tax Withholding, Common Stock