Sezzle (SEZL) president Paul Paradis sells 768 shares in pre‑planned trades
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sezzle Inc. Director & President Paul Paradis reported small open‑market sales of company stock that were executed under a pre‑planned Rule 10b5‑1 trading plan. On May 11, 2026, he sold a total of 768 shares of common stock in two transactions, with 39 shares at a weighted‑average price of $101.1887 per share and 729 shares at a weighted‑average price of $100.0764 per share.
The sales occurred in multiple trades within disclosed price ranges around $100–$101 per share and were made pursuant to a Rule 10b5‑1 plan adopted on November 18, 2025, indicating they were pre‑scheduled. Paradis also reports indirect holdings of 233,000 shares held by his spouse and 504,066 shares held by Paradis Family LLC, while disclaiming beneficial ownership of these indirect shares beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 768 shares ($76,902)
Net Sell
4 txns
Insider
Paradis Paul
Role
Director & President
Sold
768 shs ($77K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.00001 per share | 729 | $100.0764 | $73K |
| Sale | Common Stock, par value $0.00001 per share | 39 | $101.1887 | $4K |
| holding | Common Stock, par value $0.00001 per share | -- | -- | -- |
| holding | Common Stock, par value $0.00001 per share | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.00001 per share — 449,034 shares (Direct, null);
Common Stock, par value $0.00001 per share — 504,066 shares (Indirect, Paradis Family LLC)
Footnotes (1)
- This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 18, 2025. The sales were effected in multiple transactions at prices ranging from $100.00 to $100.70, inclusive, on May 11, 2026. The price reported in Column 4 is the weighted average price. The reporting person undertakes to provide, upon request, full information regarding the number of shares purchased in each transaction. The sales were effected in multiple transactions at prices ranging from $101.00 to $101.33, inclusive, on May 11, 2026. The price reported in Column 4 is the weighted average price. The reporting person undertakes to provide, upon request, full information regarding the number of shares purchased in each transaction. 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.
Key Figures
Total shares sold: 768 shares
Shares sold in first transaction: 39 shares at $101.1887/share
Shares sold in second transaction: 729 shares at $100.0764/share
+2 more
5 metrics
Total shares sold
768 shares
Open-market sales on May 11, 2026
Shares sold in first transaction
39 shares at $101.1887/share
Open-market sale on May 11, 2026
Shares sold in second transaction
729 shares at $100.0764/share
Open-market sale on May 11, 2026
Indirect holdings by spouse
233,000 shares
Common stock held indirectly by spouse
Indirect holdings via Paradis Family LLC
504,066 shares
Common stock held indirectly by Paradis Family LLC
Key Terms
Rule 10b5-1 trading plan, beneficial ownership, pecuniary interest, Section 16
4 terms
Rule 10b5-1 trading plan financial
"This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
beneficial ownership financial
"The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein"
Section 16 regulatory
"shall not be deemed an admission that the reporting person is the beneficial owner of all the reported shares for purposes of Section 16"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What did Sezzle (SEZL) executive Paul Paradis report in this Form 4?
Paul Paradis reported open‑market sales of Sezzle common stock. On May 11, 2026, he sold 768 shares in two transactions under a pre‑planned Rule 10b5‑1 trading plan, at weighted‑average prices slightly above $100 per share.
Were Paul Paradis’s Sezzle (SEZL) stock sales pre‑planned under a Rule 10b5‑1 plan?
Yes, the filing states the sales were made under a Rule 10b5‑1 trading plan. The plan was adopted on November 18, 2025, meaning the May 11, 2026 trades were pre‑scheduled rather than opportunistic market‑timing decisions.