[Form 4] Ezcorp Inc Insider Trading Activity

Rhea-AI Filing Summary

Matthew W. Appel, a director of EZCORP, Inc. (EZPW), reported a sale of 9,000 shares of Class A Non-Voting Common Stock on 09/08/2025 at an average execution price of $17.0257 per share. After the transaction, Mr. Appel beneficially owns 142,409 shares, held directly. The filer checked the box indicating the transaction was made pursuant to a Rule 10b5-1(c) written plan. The Form 4 was signed by Carrie Putnam by power of attorney on behalf of Mr. Appel.

Positive

• Transaction reported promptly on Form 4, meeting SEC disclosure requirements
• 10b5-1 plan box checked, indicating the sale was executed under a pre-established written trading plan

Negative

• Director sold 9,000 shares, reducing direct beneficial ownership to 142,409 shares

Insights

Securities Analyst

TL;DR: Routine insider sale under a 10b5-1 plan; reduces director's direct stake but appears procedural.

The reported sale of 9,000 Class A shares at an average price of $17.0257 lowered Matthew Appel's direct holdings to 142,409 shares. The filer indicated the trade was executed pursuant to a Rule 10b5-1(c) written plan, which typically provides affirmative defense against insider trading claims when properly adopted. There is no additional context in the filing about timing or purpose of proceeds. For investors, this is a disclosure of an insider liquidity event rather than an operational or financial development for EZCORP.

Corporate Governance Expert

TL;DR: Disclosure aligns with compliance norms; the 10b5-1 flag is a key governance signal.

The Form 4 shows the director executed a sale and the transaction was reported promptly with a power-of-attorney signature. Checking the 10b5-1 box indicates the transaction was intended to follow a pre-established trading plan, which is a governance best practice to mitigate insider trading concerns. The filing contains no indication of related-party transactions or material governance issues.

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)
09/08/2025

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	09/08/2025	09/08/2025	S		9,000	D	$17.0257(1)	142,409	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:

	/s/ Carrie Putnam, by POA from Matthew W. Appel	09/08/2025
	** 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 Appel report on Form 4?

He reported a sale of 9,000 Class A Non-Voting shares on 09/08/2025 at an average price of $17.0257, leaving 142,409 shares beneficially owned.

Was the EZPW transaction executed under a 10b5-1 plan?

Yes. The filer checked the box indicating the transaction was made pursuant to a Rule 10b5-1(c) written plan.

Who signed the Form 4 for Matthew Appel?

The form was signed by Carrie Putnam by power of attorney on behalf of Matthew W. Appel on 09/08/2025.

How many shares does Matthew Appel own after the reported sale?

Following the sale, he beneficially owns 142,409 shares, held directly.

What price was recorded for the sold EZPW shares?

The average execution price reported was $17.0257 per share.