Form 4: Sezzle Inc. Director Paul Paradis Reports Stock Sale Under 10b5-1 Plan

Director and President of Sezzle Inc., Paul Paradis, reports the sale of 3,000 shares of common stock at $98 per share, executed under a pre-arranged 10b5-1 trading plan.

Summary

• Paul Paradis, a Director and President of Sezzle Inc., filed a Form 4 detailing changes in beneficial ownership.
• On May 20, 2025, Paradis sold 3,000 shares of Sezzle Inc. common stock at a price of $98 per share.
• The transaction was executed under a Rule 10b5-1 trading plan adopted by Paradis' spouse on December 2, 2024.
• Following the transaction, Paradis directly owns 528,382 shares and indirectly owns 281,000 shares through his spouse and 504,066 shares through Paradis Family LLC.
• Paradis disclaims beneficial ownership of shares held by Paradis Family LLC except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock sale by an insider under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Management Comments

• The reporting person disclaims beneficial ownership of these shares 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 a routine disclosure of stock transactions by a company insider, which is common in publicly traded companies. The use of a 10b5-1 trading plan is a standard practice to allow insiders to sell shares without being accused of trading on non-public information.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, such as Sezzle, and are comparable to filings made by insiders at similar companies like Affirm or Afterpay before its acquisition.
• The use of a 10b5-1 trading plan is a common strategy employed by executives at companies like Block (formerly Square) and PayPal to manage their stock sales in compliance with insider trading regulations.
• The size of the transaction (3,000 shares) is relatively small compared to the total shares owned by the reporting person, which is a common scenario in insider trading activities.

Key Dates

Keywords

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