SEZL Form 4: Director Paul Paradis Discloses 3,000-Share Sale Under 10b5-1 Plan

Rhea-AI Filing Summary

Sezzle Inc. insider Form 4 summary: Paul Paradis, who serves as Director and President of Sezzle Inc. (SEZL), reported a transaction on 09/02/2025. A sale of 3,000 shares of Sezzle common stock was executed at a price of $91.53 per share pursuant to a Rule 10b5-1 trading plan adopted by his spouse on December 2, 2024. The filing shows various beneficial ownership entries: 236,000 shares reported as indirectly owned by spouse, 528,382 shares reported as directly owned, and 504,066 shares reported as indirectly owned by Paradis Family LLC, with the reporter disclaiming ownership except for pecuniary interest. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person.

Positive

• Transaction executed under a Rule 10b5-1 trading plan, indicating pre-arranged sale procedures were followed
• Filing includes clear ownership disclosures including direct, indirect, and family LLC holdings and a standard disclaimer

Negative

• An insider sale occurred (3,000 shares sold), which some investors may view negatively despite being under a 10b5-1 plan

Insights

Financial Analyst

TL;DR: Insider sale of 3,000 shares under a spouse's 10b5-1 plan; holdings remain substantial and sale appears pre-planned.

The sale of 3,000 shares at $91.53 was executed pursuant to a Rule 10b5-1 plan adopted by the reporting persons spouse, which indicates the transaction was pre-arranged rather than opportunistic. The filing lists multiple ownership entries, including direct and indirect holdings and a family LLC position, and includes the standard disclaimer regarding beneficial ownership. From a market-impact perspective this transaction is small relative to the reported holdings and does not, on its face, indicate a change in control or material disposition of shares.

Corporate Governance Expert

TL;DR: Form 4 disclosure follows Rule 10b5-1 and includes customary ownership disclaimers; governance disclosure appears complete.

The Form 4 clearly indicates the sale was made pursuant to a Rule 10b5-1 trading plan (spouse-adopted), and includes the required signature and explanatory remarks. The reporting person disclaims beneficial ownership of certain shares except for pecuniary interest, and a Paradis Family LLC position is disclosed. These elements align with standard Section 16 reporting practices and provide investors with provenance for the sale.

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^*

Paradis Paul

(Last) (First) (Middle)

700 NICOLLET MALL

SUITE 640

(Street)

MINNEAPOLIS MN 55402

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Sezzle Inc. [ SEZL ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
09/02/2025

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
Common Stock, par value $0.00001 per share	09/02/2025		S(1)		3,000	D	$91.53	236,000	I	By spouse
Common Stock, par value $0.00001 per share								528,382	D
Common Stock, par value $0.00001 per share								504,066	I	Paradis Family LLC(2)

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. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person's spouse on December 2, 2024.

2. 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.

Remarks:

	/s/ Brady Duane Kafka, as Attorney-in-Fact	09/04/2025
	** 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 Paul Paradis report on the Form 4 for SEZL?

He reported the sale of 3,000 shares of Sezzle common stock on 09/02/2025 at a price of $91.53 per share.

Was the sale by Paul Paradis part of a 10b5-1 plan?

Yes. The filing states the transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting persons spouse on December 2, 2024.

How many Sezzle shares does the Form 4 show as beneficially owned?

The filing shows 236,000 shares indirectly by spouse, 528,382 shares directly, and 504,066 shares indirectly by Paradis Family LLC, with a disclaimer about beneficial ownership except to the extent of pecuniary interest.

Who signed the Form 4 filing for Paul Paradis?

The form was signed by Brady Duane Kafka as Attorney-in-Fact on 09/04/2025.

Does the Form 4 indicate any derivative transactions?

No. Table II for derivative securities contains no reported transactions in this filing.