Sezzle Inc. (SEZL) director Paradis forfeits 7,110 shares for RSU tax
Rhea-AI Filing Summary
Sezzle Inc. director and president Paul Paradis reported a code F transaction on common stock on 2026-08-10. In connection with vesting of previously awarded restricted stock units, 7,110 shares were forfeited at $118 per share to satisfy withholding tax obligations. After this tax-withholding disposition, Paradis directly holds 390,108 shares of common stock. He also reports indirect holdings of 504,066 shares through Paradis Family LLC and 233,000 shares held by his spouse, with beneficial ownership of the LLC-held shares disclaimed except to the extent of his pecuniary interest.
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Insights
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Insider Trade Summary
Net Seller: 7,110 shares
Net Sell
3 txns
Insider
Paradis Paul
Role
Director & President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $0.00001 per share F1 | 7,110 | $118.00 | $839K |
| holding | Common Stock, par value $0.00001 per share F2 | -- | -- | -- |
| holding | Common Stock, par value $0.00001 per share | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.00001 per share — 390,108 shares (Direct);
Common Stock, par value $0.00001 per share — 504,066 shares (Indirect, Paradis Family LLC);
Common Stock, par value $0.00001 per share — 233,000 shares (Indirect, By spouse)
Footnotes (2)
- F1. 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.
- F2. 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
Shares withheld for tax: 7,110 shares
Withholding price per share: $118.00 per share
Direct holdings after transaction: 390,108 shares
+2 more
5 metrics
Shares withheld for tax
7,110 shares
Forfeited on 2026-08-10 to satisfy withholding tax obligations on RSU vesting
Withholding price per share
$118.00 per share
Value used for the 7,110-share tax-withholding disposition
Direct holdings after transaction
390,108 shares
Common stock directly held by Paul Paradis after the 2026-08-10 transaction
Indirect holdings via Paradis Family LLC
504,066 shares
Indirect ownership with beneficial ownership disclaimed except for pecuniary interest
Indirect holdings by spouse
233,000 shares
Common stock held indirectly through spouse as reported in the Form 4
Key Terms
restricted stock units, withholding tax obligations, beneficial ownership, pecuniary interest
4 terms
restricted stock units financial
"In connection with the vesting of previously awarded restricted stock units, the reporting person"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
withholding tax obligations financial
"shares of common stock to satisfy withholding tax obligations"
beneficial ownership financial
"The reporting person disclaims beneficial ownership of these shares except to the extent"
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"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Sezzle (SEZL) director Paul Paradis report in this Form 4?
Paul Paradis reported a code F disposition of 7,110 Sezzle common shares on 2026-08-10, forfeited to cover tax withholding tied to vesting of previously awarded restricted stock units.
What are Paul Paradis’s direct Sezzle (SEZL) holdings after this transaction?
Following the tax-withholding disposition, Paul Paradis directly holds 390,108 shares of Sezzle common stock as reported in the Form 4 for the 2026-08-10 transaction.
What indirect Sezzle (SEZL) ownership does Paul Paradis report?
Paradis reports indirect ownership of 504,066 shares held through Paradis Family LLC and 233,000 shares held by his spouse, with beneficial ownership of the LLC shares disclaimed except for his pecuniary interest.
Was the Sezzle (SEZL) Form 4 transaction under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not checked, and no footnote states that the reported tax-withholding disposition occurred under a pre-arranged trading plan.
What does transaction code F mean in the Sezzle (SEZL) Form 4 for Paul Paradis?
Code F indicates shares were delivered or withheld for payment of tax liability. Here, 7,110 shares were forfeited to satisfy withholding taxes on vested restricted stock units.