Sezzle executive sells 26,400 company shares
Sezzle Inc. Director & President Paul Paradis reported open-market sales of company stock.
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Form Type
4
Rhea-AI Filing Summary
Sezzle Inc. Director & President Paul Paradis reported open-market sales of company stock. On June 12, 2026, he sold a total of 26,400 shares of Sezzle common stock in multiple transactions at per-share prices reported between $130.3255 and $135.6177, under a Rule 10b5-1 trading plan adopted on November 18, 2025.
Following these sales, he continues to report significant indirect holdings, including 233,000 shares held by his spouse and 504,066 shares held by Paradis Family LLC, for which he disclaims beneficial ownership except to the extent of his pecuniary interest.
Insider Trade Summary 10b5-1
Net Seller: 26,400 shares
Net Sell
8 txns
Insider
Paradis Paul
Role
Director & President
Sold
26,400 shs ($3.52M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.00001 per share | 2,900 | $130.3255 | $378K |
| Sale | Common Stock, par value $0.00001 per share | 1,500 | $131.543 | $197K |
| Sale | Common Stock, par value $0.00001 per share | 4,249 | $132.8237 | $564K |
| Sale | Common Stock, par value $0.00001 per share | 8,150 | $133.7229 | $1.09M |
| Sale | Common Stock, par value $0.00001 per share | 7,421 | $134.549 | $998K |
| Sale | Common Stock, par value $0.00001 per share | 2,180 | $135.6177 | $296K |
| 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 — 442,595 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 (8)
- F1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 18, 2025.
- F2. The sales were effected in multiple transactions at prices ranging from $130.00 to $130.99, inclusive, on June 12, 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.
- F3. The sales were effected in multiple transactions at prices ranging from $131.00 to $131.98, inclusive, on June 12, 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.
- F4. The sales were effected in multiple transactions at prices ranging from $132.12 to $133.08, inclusive, on June 12, 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.
- F5. The sales were effected in multiple transactions at prices ranging from $133.24 to $134.23, inclusive, on June 12, 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.
- F6. The sales were effected in multiple transactions at prices ranging from $134.24 to $135.14, inclusive, on June 12, 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.
- F7. The sales were effected in multiple transactions at prices ranging from $135.27 to $136.00, inclusive, on June 12, 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.
- F8. 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 sold: 26,400 shares
Sale price range (footnotes): $130.00–$136.00 per share
Example sale price: $135.6177 per share
+3 more
6 metrics
Shares sold
26,400 shares
Total common shares sold on June 12, 2026
Sale price range (footnotes)
$130.00–$136.00 per share
Multiple transactions on June 12, 2026
Example sale price
$135.6177 per share
Sale of 2,180 shares of common stock
Spouse holdings
233,000 shares
Indirect ownership, held by spouse
Paradis Family LLC holdings
504,066 shares
Indirect ownership via Paradis Family LLC
10b5-1 plan adoption date
November 18, 2025
Plan governing June 12, 2026 sales
Key Terms
Rule 10b5-1 trading plan, weighted average price, beneficial ownership, pecuniary interest, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 18, 2025."
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.
weighted average price financial
"The price reported in Column 4 is the weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
beneficial ownership regulatory
"The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein"
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
"except to the extent of his pecuniary interest therein"
Section 16 regulatory
"for purposes of Section 16 or for any other purpose."
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Sezzle (SEZL) disclose for Paul Paradis?
Sezzle reported that Director & President Paul Paradis sold 26,400 shares of common stock in open-market transactions on June 12, 2026. These trades were executed under a pre-established Rule 10b5-1 trading plan adopted in November 2025.
Was Paul Paradis’ Sezzle (SEZL) stock sale under a Rule 10b5-1 plan?
Yes. The filing states the transactions were effected pursuant to a Rule 10b5-1 trading plan that Paradis adopted on November 18, 2025. Such plans pre-schedule trades, making their timing more routine and less discretionary.
What indirect Sezzle (SEZL) holdings are associated with Paul Paradis?
The Form 4 shows 233,000 Sezzle shares held by his spouse and 504,066 shares held by Paradis Family LLC as of June 12, 2026. Paradis disclaims beneficial ownership of these shares beyond his pecuniary interest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
