SEZL Form 4: Paul Paradis executed 3,000-share sale under 10b5-1 plan

Rhea-AI Filing Summary

Paul Paradis, Director and President of Sezzle Inc. (SEZL), reported a sale of 3,000 shares of common stock on 08/19/2025 at a price of $91.62 per share. The filing states the sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person’s spouse on December 2, 2024. The report lists 242,000 shares held indirectly by the spouse and 504,066 shares held indirectly by Paradis Family LLC; the reporting person disclaims beneficial ownership except to the extent of his pecuniary interest. The form is signed by an attorney-in-fact on behalf of the reporting person.

Positive

• Transaction executed under a Rule 10b5-1 plan, indicating the sale was pre-planned and compliant with insider trading procedures
• Complete disclosure of indirect holdings (spouse and Paradis Family LLC) and an explicit ownership disclaimer

Negative

• None.

Insights

Financial Analyst

TL;DR Insider sale of 3,000 shares under a spouse’s 10b5-1 plan; holdings include substantial indirect positions.

The reported sale of 3,000 shares at $91.62 is a discrete, pre-planned transaction under a Rule 10b5-1 plan adopted December 2, 2024, which reduces the likelihood this sale reflects new material information. The filing shows meaningful indirect holdings (242,000 shares by spouse and 504,066 by Paradis Family LLC) and includes a standard disclaimer of beneficial ownership. For investors, this appears routine rather than a company-specific signal because it was executed pursuant to an established trading plan.

Corporate Governance Expert

TL;DR Transaction follows a documented 10b5-1 plan and includes disclosure of indirect holdings and an ownership disclaimer.

The Form 4 properly discloses that the sale was governed by a 10b5-1 plan adopted by the reporting person’s spouse, which supports compliance with insider trading rules. The report also discloses indirect ownership through a family LLC and spouse, and contains the customary disclaimer of beneficial ownership. The filing includes attorney-in-fact signature, indicating procedural completeness. No governance red flags or unexplained related-party transfers are evident from the disclosed items.

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^*

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)
08/19/2025

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	08/19/2025		S(1)		3,000	D	$91.62	242,000	I	By spouse
Common Stock, par value $0.00001 per share								528,382	D
Common Stock, par value $0.00001 per share								504,066	I	Paradis Family LLC(2)

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's spouse on December 2, 2024.

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	08/19/2025
	** 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 did Sezzle (SEZL) insider Paul Paradis report on Form 4?

The filing reports a sale of 3,000 shares on 08/19/2025 at $91.62 per share.

Was the sale by the SEZL insider part of a trading plan?

Yes. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person’s spouse on December 2, 2024.

How many shares does the filing show as indirectly owned by the reporting person’s spouse?

The Form 4 lists 242,000 shares as indirectly owned by the reporting person’s spouse.

Does Paul Paradis directly own the shares reported?

The filing disclaims beneficial ownership except to the extent of his pecuniary interest and reports indirect holdings including 504,066 shares via Paradis Family LLC.

Who signed the Form 4 for the reporting person?

The form is signed by Brady Duane Kafka, as Attorney-in-Fact on 08/19/2025.