Sezzle awards 20,000 RSUs to President Paradis
Paradis Paul reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Paradis Paul reported acquisition or exercise transactions in this Form 4 filing.
Sezzle Inc. Director & President Paul Paradis received an award of 20,000 restricted stock units that vest over four years, with 25% vesting after one year and the rest in equal quarterly installments.
Following this grant, Paradis directly holds 468,995 common shares and has additional indirect holdings reported through his spouse and Paradis Family LLC, for which he disclaims beneficial ownership except to the extent of his pecuniary interest.
Insider Trade Summary
Grant/Award: 20,000 shares
Grant/Award
3 txns
Insider
Paradis Paul
Role
Director & President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.00001 per share | 20,000 | $0.00 | $0.00 |
| 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 — 468,995 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. Reflecting an award of restricted stock units that vest over four years. 25% vests on the one-year anniversary of the vesting commencement date, and the remainder vests in equal quarterly installments thereafter.
- 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
RSU grant: 20,000 shares
Direct holdings after grant: 468,995 shares
Indirect spouse holdings: 233,000 shares
+2 more
5 metrics
RSU grant
20,000 shares
Restricted stock units vesting over four years
Direct holdings after grant
468,995 shares
Common stock held directly by Paul Paradis
Indirect spouse holdings
233,000 shares
Common stock held indirectly by spouse
Indirect LLC holdings
504,066 shares
Common stock held indirectly via Paradis Family LLC
Grant price per share
$0.0000 per share
Reported transaction price for RSU award
Key Terms
restricted stock units, vests in equal quarterly installments, beneficial ownership, pecuniary interest, +1 more
5 terms
restricted stock units financial
"Reflecting an award of restricted stock units that vest over four years."
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.
vests in equal quarterly installments financial
"the remainder vests in equal quarterly installments thereafter."
beneficial ownership financial
"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
"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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Sezzle (SEZL) report for Paul Paradis?
Sezzle reported that Director & President Paul Paradis received 20,000 restricted stock units of common stock. These were granted at no cash cost per share as a compensation-related award, not an open-market purchase or sale, and increase his equity-based interest in the company.
How do the 20,000 Sezzle (SEZL) restricted stock units for Paul Paradis vest?
The 20,000 restricted stock units vest over four years. Twenty-five percent vests on the one-year anniversary of the vesting commencement date, and the remaining units vest in equal quarterly installments thereafter, tying the award to multi-year service with the company.
What indirect Sezzle (SEZL) holdings are associated with Paul Paradis?
The Form 4 lists 233,000 Sezzle common shares held indirectly through his spouse and 504,066 shares held indirectly through Paradis Family LLC. Paradis disclaims beneficial ownership of these indirect holdings except to the extent of his pecuniary interest in those entities.
AI-generated analysis. How Rhea-AI works. Not financial advice.
