Sezzle (SEZL) Officer Sells 12,000 Shares Under 10b5-1 Plan

Sezzle Inc. (SEZL) reporting person Justin Krause, SVP Finance and Controller, executed three separate sales of common stock on 08/25/2025 under a Rule 10b5-1 trading plan adopted May 21, 2025.

Rhea-AI Filing Summary

Sezzle Inc. (SEZL) reporting person Justin Krause, SVP Finance and Controller, executed three separate sales of common stock on 08/25/2025 under a Rule 10b5-1 trading plan adopted May 21, 2025. The filings show dispositions of 3,661, 6,197, and 2,142 shares at weighted average prices of $94.1526, $95.1032, and $95.9412, respectively. Following these transactions the reporting person’s beneficial ownership is reported as 85,147 shares. The sales were effected in multiple trades with disclosed price ranges for each block; the filer offers to provide per-transaction details upon request.

Positive

• Sales executed under a Rule 10b5-1 plan, providing an affirmative defense and procedural clarity
• Full disclosure of weighted average prices and price ranges for the multiple trades on 08/25/2025
• Reporting person offers to provide per-transaction details upon request, increasing transparency

Negative

• Officer reduced holdings from prior levels to 85,147 shares after the reported sales
• Significant single-day disposals totaling 12,000 shares could attract investor attention despite being under a trading plan

Insights

Corporate Governance Expert

TL;DR: Officer sold shares under an established 10b5-1 plan; transaction is disclosed and appears procedural rather than ad hoc.

The reporting person, an officer, executed three stock sale blocks on a single date under a pre-existing Rule 10b5-1 plan dated May 21, 2025. Use of a documented plan supports an affirmative defense to insider trading claims and indicates trades were pre-planned. Filings provide weighted average prices and remaining beneficial ownership of 85,147 shares, enabling transparency about immediate ownership changes. No derivatives or additional compensatory transactions are reported.

Securities Analyst

TL;DR: Material amounts were sold but sales were executed via a 10b5-1 plan; disclosure quality is adequate for investor review.

The Form 4 discloses three dispositions totaling 12,000 shares on August 25, 2025, executed in multiple trades with weighted average prices between $94.15 and $95.94. The filer indicates willingness to provide per-trade details on request, which is useful for verification. No option exercises or derivative transactions are reported, and the filing is singularly focused on these open-market sales by an officer.

Insider Trade Summary

Net Seller: 12,000 shares

Net Sell 3 txns

Insider Krause Justin

Role SVP FINANCE AND CONTROLLER

Sold 12,000 shs ($1.14M)

Type	Security	Shares	Price	Value
Sale	Common Stock, par value $0.00001 per share	3,661	$94.1526	$345K
Sale	Common Stock, par value $0.00001 per share	6,197	$95.1032	$589K
Sale	Common Stock, par value $0.00001 per share	2,142	$95.9412	$206K

Holdings After Transaction: Common Stock, par value $0.00001 per share — 85,147 shares (Direct)

Footnotes (4)

1. F1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 21, 2025.
2. F2. The sales were effected in multiple transactions at prices ranging from $93.54 to $94.53, inclusive, on August 25, 2025. 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.
3. F3. The sales were effected in multiple transactions at prices ranging from $94.62 to $95.58, inclusive, on August 25, 2025. 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.
4. F4. The sales were effected in multiple transactions at prices ranging from $95.72 to $96.52, inclusive, on August 25, 2025. 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Sezzle (SEZL) insider Justin Krause report on Form 4?

The Form 4 reports three dispositions of common stock on 08/25/2025 executed under a Rule 10b5-1 plan; quantities were 3,661, 6,197, and 2,142 shares.

Were the trades by the reporting person pre-planned for SEZL?

Yes. The filing states the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted May 21, 2025.

At what prices were the SEZL shares sold?

Weighted average prices reported are $94.1526, $95.1032, and $95.9412; disclosed per-block price ranges are provided in the filing.

How many SEZL shares does the reporting person own after these sales?

The filing shows the reporting person beneficially owned 85,147 shares following the reported transactions.

Did the Form 4 disclose any derivative transactions for SEZL?

No. Table II shows no derivative securities acquired, disposed of, or beneficially owned in this filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/27/2025 - 04:15 PM Learn about SEC filing dates

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^*

Krause Justin

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP FINANCE AND CONTROLLER

3. Date of Earliest Transaction (Month/Day/Year)
08/25/2025

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	08/25/2025		S(1)		3,661	D	$94.1526(2)	93,486	D
Common Stock, par value $0.00001 per share	08/25/2025		S(1)		6,197	D	$95.1032(3)	87,289	D
Common Stock, par value $0.00001 per share	08/25/2025		S(1)		2,142	D	$95.9412(4)	85,147	D

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 on May 21, 2025.

2. The sales were effected in multiple transactions at prices ranging from $93.54 to $94.53, inclusive, on August 25, 2025. 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.

3. The sales were effected in multiple transactions at prices ranging from $94.62 to $95.58, inclusive, on August 25, 2025. 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.

4. The sales were effected in multiple transactions at prices ranging from $95.72 to $96.52, inclusive, on August 25, 2025. 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.

Remarks:

	/s/ Brady Duane Kafka, as Attorney-in-Fact	08/27/2025
	** 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.