[Form 4] EZCORP INC Insider Trading Activity

Rhea-AI Filing Summary

Matthew W. Appel, a director of EZCORP Inc. (EZPW), reported an insider sale on this Form 4. The filing shows a sale of 9,038 shares of Class A Non-Voting Common Stock executed on 09/19/2025 at an average price of $18.017 per share. After the reported disposition, Mr. Appel beneficially owned 133,371 shares, held directly. The form indicates the transaction was made pursuant to a written plan intended to meet the Rule 10b5-1 affirmative defense. The filing was signed by Carrie Putnam by power of attorney on 09/22/2025.

Positive

• Transaction disclosed in compliance with Section 16 filing requirements, providing transparency to investors.
• 10b5-1 plan indicated, suggesting the sale was executed under a prearranged trading plan rather than ad hoc timing.
• Remaining beneficial ownership reported (133,371 shares), allowing investors to assess ongoing insider stake.

Negative

• Director disposed of 9,038 shares, which is a non-trivial reduction of holdings (~6.8% of post-transaction reported position).
• Form lacks detail on the 10b5-1 plan terms (e.g., initiation date or conditions), so investors cannot fully assess intent or timing constraints.

Insights

Financial Analyst

TL;DR: Director sold 9,038 shares at $18.017, leaving 133,371 shares; transaction executed under a 10b5-1 plan.

The sale of 9,038 shares represents a discrete insider disposition reported under Section 16. The average execution price of $18.017 provides a concrete realized value for the transaction. Reporting the remaining beneficial ownership (133,371 shares) permits investors to track insider concentration. Because the filing explicitly notes a 10b5-1 plan, the transaction appears to be prearranged rather than opportunistic; this reduces informational asymmetry about timing but does not remove market interest in the sale size relative to total holdings.

Corporate Governance Expert

TL;DR: Insider sale disclosed and documented with POA signature; 10b5-1 plan box checked, indicating an arranged disposition.

The Form 4 is properly completed with the reporter identified as a director and the 10b5-1 checkbox marked, which aligns with governance best practices for preplanned insider trades. The form includes a power-of-attorney signature, which is an acceptable procedural element when delegates file on behalf of insiders. From a governance perspective, the filing provides required transparency on insider activity but contains no additional disclosures about the plan's terms or schedule.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

APPEL MATTHEW W

(Last) (First) (Middle)

2500 BEE CAVE ROAD

BLDG. 1, SUITE 200

(Street)

ROLLINGWOOD TX 78746

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
EZCORP INC [ EZPW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/19/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Non-Voting Common Stock	09/19/2025	09/19/2025	S		9,038	D	$18.017(1)	133,371	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Average execution price

Remarks:

	Carrie Putnam, by POA from Matthew W. Appel	09/22/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did EZPW director Matthew W. Appel sell on the Form 4?

The filing reports a sale of 9,038 shares of Class A Non-Voting Common Stock on 09/19/2025 at an average price of $18.017 per share.

How many EZPW shares does Matthew W. Appel own after the transaction?

After the reported sale, Mr. Appel beneficially owned 133,371 shares, held directly.

Was the sale by Matthew W. Appel part of a 10b5-1 trading plan?

Yes. The Form 4 has the box checked indicating the transaction was made pursuant to a written plan intended to satisfy Rule 10b5-1 conditions.

Who signed the Form 4 for Matthew W. Appel and when?

The form was signed by Carrie Putnam by power of attorney on 09/22/2025.

What price per share was realized in the reported sale?

The average execution price reported for the sale was $18.017 per share.