Form 4: Sezzle Inc. Director & President Paul Paradis Sells Shares Under Pre-Arranged Trading Plan

Paul Paradis, Director and President of Sezzle Inc., reported the sale of 3,000 shares of common stock at $108.22 per share, executed under a Rule 10b5-1 trading plan.

Summary

• Paul Paradis, Director and President of Sezzle Inc. (SEZL), reported a transaction involving the sale of common stock.
• On May 27, 2025, 3,000 shares of Sezzle Inc. common stock, with a par value of $0.00001 per share, were disposed of.
• The shares were sold at a price of $108.22 per share.
• This transaction was executed directly by the reporting person and was made pursuant to a Rule 10b5-1 trading plan, which was adopted by the reporting person's spouse on December 2, 2024.
• Following this transaction, Paul Paradis directly beneficially owns 528,382 shares of common stock.
• Additionally, 278,000 shares are indirectly beneficially owned by his spouse.
• An additional 504,066 shares are indirectly beneficially owned by Paradis Family LLC, for which the reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While an insider sale reduces direct holdings, the execution under a Rule 10b5-1 plan indicates a pre-planned transaction, which typically mitigates negative market interpretations of opportunistic selling.

Positives

• The transaction was conducted under a Rule 10b5-1 trading plan, which indicates a pre-scheduled sale not based on new, undisclosed material information, enhancing transparency.

Negatives

• A reduction in direct insider holdings by 3,000 shares, which could be perceived by some investors as a slight decrease in management's direct equity alignment.

Future Outlook

NA

Industry Context

This document is a standard insider transaction report (Form 4) and does not provide information on broader industry trends or competitive landscape. It solely details a change in beneficial ownership for an executive at Sezzle Inc., a company operating in the financial technology sector, specifically 'Buy Now, Pay Later' services.

Related Party Transactions

• The transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person's spouse.
• Indirect beneficial ownership is reported through the reporting person's spouse and Paradis Family LLC.

Stakeholder Impact

• Shareholders may note the reduction in direct insider holdings, although the pre-planned nature of the sale under a 10b5-1 plan suggests it is not based on new, undisclosed information.

Key Dates

Keywords

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