Sezzle director uses 7,110 shares for taxes
Sezzle Inc. director and president Paul Paradis reported a routine tax-withholding share disposition tied to equity compensation.
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Form Type
4
Rhea-AI Filing Summary
Sezzle Inc. director and president Paul Paradis reported a routine tax-withholding share disposition tied to equity compensation. In connection with the vesting of previously awarded restricted stock units, 7,110 shares of common stock were forfeited at an implied value of $63.70 per share to satisfy withholding tax obligations.
After this event, Paradis directly held 475,395 common shares. Additional holdings reported on an indirect basis included 504,066 shares held by Paradis Family LLC and 233,000 shares held by his spouse, with Paradis disclaiming beneficial ownership of these indirect shares except to the extent of his pecuniary interest.
Insider Trade Summary
Exercise Price or Tax Liability: 7,110 shares
Exercise Price or Tax Liability
3 txns
Insider
Paradis Paul
Role
Director & President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock, par value $0.00001 per share | 7,110 | $63.70 | $453K |
| 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 — 475,395 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
Tax-withholding shares: 7,110 shares
Implied share value: $63.70 per share
Direct shares after transaction: 475,395 shares
+2 more
5 metrics
Tax-withholding shares
7,110 shares
Forfeited to satisfy withholding tax obligations on RSU vesting
Implied share value
$63.70 per share
Value used for the 7,110-share tax-withholding disposition
Direct shares after transaction
475,395 shares
Direct common stock holdings following the tax-withholding event
Paradis Family LLC indirect holding
504,066 shares
Indirect ownership reported through Paradis Family LLC
Spouse indirect holding
233,000 shares
Indirect ownership reported as held by spouse
Key Terms
restricted stock units, withholding tax obligations, beneficial ownership, pecuniary interest, +1 more
5 terms
restricted stock units financial
"In connection with the vesting of previously awarded restricted stock units, the reporting person forfeited these shares"
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
"forfeited these 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 of his pecuniary interest"
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 (SEZL) reported that director and president Paul Paradis forfeited 7,110 common shares to cover tax withholding on vested restricted stock units. This was recorded as a tax-withholding disposition, not an open-market stock sale, and is a standard equity compensation-related event.
Was the Sezzle (SEZL) Form 4 transaction an open-market sale?
No, the Sezzle (SEZL) Form 4 shows a tax-withholding disposition, not an open-market sale. 7,110 shares were forfeited back in connection with restricted stock unit vesting to satisfy withholding tax obligations, rather than being sold to third-party investors in the market.
What does the tax-withholding code on the Sezzle (SEZL) Form 4 mean?
The Form 4 uses transaction code F, indicating shares were used to pay exercise price or taxes. Here, 7,110 Sezzle shares were forfeited to satisfy withholding tax obligations triggered by restricted stock unit vesting, a non-market event separate from discretionary buying or selling of shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
