[144] Sezzle Inc. SEC Filing

Rhea-AI Filing Summary

Sezzle Inc. (SEZL) – Form 144 notice

Filer group led by Paul V. Paradis intends to sell 3,000 common shares via Fidelity on or about 22 Jul 2025. Based on the filing’s reference price, the block is worth $406,020, a de-minimis <0.01 % of the 33.29 M shares outstanding.

The shares derive from restricted-stock vesting on 13 Oct 2016 (compensation award). Rule 144 disclosure shows the same insiders disposed of roughly 146,200 shares for ≈ $12.5 M between 8 May and 15 Jul 2025, including a single 50,000-share sale for $4.53 M on 13 May.

Form 144 is a preliminary notice, not a binding order, but continued insider selling can pressure sentiment. The upcoming sale is immaterial to float, yet it reinforces a recent pattern of sizable divestitures by senior insiders.

Insights

Securities Analyst

TL;DR: More insider selling; size is tiny vs. float but adds to a recent $12 M disposal trend—sentiment negative, fundamental impact minimal.

The Paradis family’s fresh 3,000-share notice is trivial financially, yet it follows thirteen sales in the past quarter totalling ≈ $12.5 M. Persistent disposition suggests insiders are monetising gains despite no public negative catalysts. While float dilution is nil, repeated sales often weigh on short-term price multiples as investors question management’s confidence. Overall market impact: modest, but directionally bearish.

Corporate Governance Expert

TL;DR: Filing signals compliance with Rule 144; pattern of insider sales may trigger governance scrutiny despite small lot size.

Form 144 shows proper disclosure and use of a broker, indicating governance adherence. However, concentrated sales by related parties (146 k shares in 3 months) can raise misalignment perceptions between insiders and minority holders, especially absent 10b5-1 dates in the notice. Investors may demand clarification on sale rationale and any forthcoming trading-plan adoption.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	3000	406020.00	33286295	07/22/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	10/13/2016	Restricted Stock Vesting	Issuer			3000	10/13/2016	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Stacy Paradis 700 Nicollet Mall Suite 640 Minneapolis MN 55402	Common	05/08/2025	18000	1350000.00
Stacy Paradis 700 Nicollet Mall Suite 640 Minneapolis MN 55402	Common	05/13/2025	31000	2794592.73
Paradis Family Llc 700 Nicollet Mall Suite 640 Minneapolis MN 55402	Common	05/13/2025	1200	107647.10
Paul V. Paradis 700 Nicollet Mall Suite 640 Minneapolis MN 55402	Common	05/13/2025	50000	4526232.16
Stacy Paradis 700 Nicollet Mall Suite 640 Minneapolis MN 55402	Common	05/20/2025	3000	294000.00
Stacy Paradis 700 Nicollet Mall Suite 640 Minneapolis MN 55402	Common	05/27/2025	3000	324660.00
Stacy Paradis 700 Nicollet Mall Suite 640 Minneapolis MN 55402	Common	06/03/2025	3000	339810.00
Stacy Paradis 700 Nicollet Mall Suite 640 Minneapolis MN 55402	Common	06/10/2025	3000	362565.00
Stacy Paradis 700 Nicollet Mall Suite 640 Minneapolis MN 55402	Common	06/17/2025	3000	438000.00
Stacy Paradis 700 Nicollet Mall Suite 640 Minneapolis MN 55402	Common	06/24/2025	3000	445860.00
Stacy Paradis 700 Nicollet Mall Suite 640 Minneapolis MN 55402	Common	07/01/2025	3000	528240.00
Stacy Paradis 700 Nicollet Mall Minneapolis MN 55402	Common	07/08/2025	3000	546090.00
Stacy Paradis 700 Nicollet Mall Minneapolis MN 55402	Common	07/15/2025	3000	421590.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many Sezzle (SEZL) shares are insiders proposing to sell in this Form 144?

The filing covers 3,000 common shares to be sold through Fidelity on or about 22 Jul 2025.

What is the estimated value of the shares covered by the Form 144?

At the price referenced in the filing, the 3,000 shares are worth approximately $406,020.

How many Sezzle shares are outstanding?

The Form 144 lists 33,286,295 common shares outstanding.

Have these insiders sold Sezzle stock recently?

Yes. Between 8 May and 15 Jul 2025, related sellers disposed of about 146,200 shares for roughly $12.5 M.

When were the shares originally acquired by the filer?

The shares were acquired via restricted-stock vesting on 13 Oct 2016 as compensation.

Does a Form 144 guarantee the sale will occur?

No. It is a notice of intent; the filer may sell up to the stated amount within 90 days but can cancel or modify the order.