Insider Filing: SEZL Director Paul Paradis Disposes 7,110 Shares for Tax Withholding

Rhea-AI Filing Summary

Paul Paradis, Director and President of Sezzle Inc. (SEZL), reported a transaction dated 09/30/2025 relating to his holdings of Sezzle common stock. The filing shows 7,110 shares were disposed at a price of $84.19 per share in connection with the vesting of previously awarded restricted stock units; the shares were forfeited to satisfy withholding tax obligations. After the reported transaction, the reporting person beneficially owned 521,272 shares directly. The filing also reports 504,066 shares held indirectly by Paradis Family LLC and 233,000 shares held indirectly by spouse, with a disclaimer of beneficial ownership for the indirect holdings. The form was signed by an attorney-in-fact on behalf of the reporting person.

Positive

• Substantial direct ownership remains with the reporting person: 521,272 shares
• Additional indirect holdings disclosed (504,066 via Paradis Family LLC and 233,000 via spouse), showing continued economic interest
• Transaction tied to RSU vesting and tax withholding, indicating administrative disposition rather than open-market sale

Negative

• Disposition of 7,110 shares at $84.19 per share to satisfy withholding tax obligations

Insights

Financial Analyst

TL;DR: Routine tax-withholding disposition; substantial insider ownership remains, keeping alignment with shareholders.

The Form 4 documents a non-derivative disposition of 7,110 shares at $84.19 tied to RSU vesting and tax withholding rather than an open-market sale. The reporting person retains material direct ownership of 521,272 shares and additional indirect interests. From a capital-alignment perspective, the action is administrative and does not indicate a change in strategic ownership intent based on the filing's explicit statements.

Corporate Governance Expert

TL;DR: Disclosure is straightforward and complies with Section 16 reporting; transaction is administrative in nature.

The filing clearly states the nature of the disposition: forfeiture to satisfy withholding tax on vested RSUs. Indirect holdings are disclosed with a specific disclaimer of beneficial ownership. The submission includes signature by an attorney-in-fact, meeting execution requirements. There are no disclosed governance changes, loans, or pledges affecting control within this document.

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

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

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)
09/30/2025

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	09/30/2025		F(1)		7,110	D	$84.19	521,272	D
Common Stock, par value $0.00001 per share								504,066	I	Paradis Family LLC(2)
Common Stock, par value $0.00001 per share								233,000	I	By spouse

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. In connection with the vesting of previously awarded restricted stock units, the reporting person forfeited these shares of common stock to satisfy withholding tax obligations.

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	09/30/2025
	** 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 transaction did Paul Paradis report on Form 4 for SEZL?

The filing reports a disposition of 7,110 shares on 09/30/2025 at a price of $84.19 per share.

Why were the 7,110 shares disposed of in the Form 4 filing?

The shares were forfeited in connection with the vesting of previously awarded restricted stock units to satisfy withholding tax obligations.

How many Sezzle (SEZL) shares does the reporting person beneficially own after the transaction?

After the transaction the reporting person beneficially owned 521,272 shares directly, plus 504,066 indirectly via Paradis Family LLC and 233,000 indirectly by spouse (disclaimed).

What roles does the reporting person hold at Sezzle noted in the filing?

The reporting person is listed as a Director and President of Sezzle Inc.

Who signed the Form 4 on behalf of the reporting person?

The Form 4 was signed by Brady Duane Kafka as Attorney-in-Fact on 09/30/2025.