Were Justin Krause’s Sezzle (SEZL) share sales under a Rule 10b5-1 plan?

Yes. The filing notes the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted on May 21, 2025. Such plans allow insiders to pre-schedule trades, reducing the significance of trade timing as an indicator of their views.

Sezzle (SEZL) finance SVP sells 3,178 shares under Rule 10b5-1 plan

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Sezzle Inc. senior vice president of finance and controller Justin Krause reported selling a total of 3,178 shares of common stock in open-market transactions. The sales occurred on May 27, 2026, at prices of $118.00 and $113.00 per share, and were carried out under a pre-arranged Rule 10b5-1 trading plan adopted on May 21, 2025. These trades represent a modest reduction in his direct ownership and appear to be part of a scheduled diversification strategy rather than discretionary timing.

Insider Trade Summary 10b5-1

Net Seller: 3,178 shares ($374,114)

Net Sell 2 txns

Insider Krause Justin

Role SVP FINANCE AND CONTROLLER

Sold 3,178 shs ($374K)

Type	Security	Shares	Price	Value
Sale	Common Stock, par value $0.00001 per share	178	$113.00	$20K
Sale	Common Stock, par value $0.00001 per share	3,000	$118.00	$354K

Holdings After Transaction: Common Stock, par value $0.00001 per share — 75,457 shares (Direct, null)

Footnotes (1)

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Key Figures

Total shares sold: 3,178 shares Primary sale size: 3,000 shares Price per share (main trade): $118.00 per share +3 more

6 metrics

Total shares sold 3,178 shares Aggregate insider sales reported for May 27, 2026

Primary sale size 3,000 shares Larger of the two open-market transactions

Price per share (main trade) $118.00 per share Price for 3,000-share open-market sale on May 27, 2026

Price per share (second trade) $113.00 per share Price for 178-share open-market sale on May 27, 2026

Transaction count 2 sales Number of non-derivative insider sale transactions reported

Net share direction -3,178 shares Net-sell direction from transaction summary

Key Terms

Rule 10b5-1 trading plan, open-market sale, Common Stock, par value $0.00001 per share, Form 4

4 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 May 21, 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.

open-market sale financial

"transaction_action: "open-market sale" for each common stock transaction."

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Form 4 regulatory

"INSIDER FILING DATA (Form 4): insider transaction disclosure for Sezzle Inc."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

05/29/2026 - 04:35 PM

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).

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

MINNESOTA

55402

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/27/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.00001 per share	05/27/2026		S⁽¹⁾		178	D	$113	75,457	D
Common Stock, par value $0.00001 per share	05/27/2026		S⁽¹⁾		3,000	D	$118	72,457	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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.

Remarks:

	/s/ Brady Duane Kafka, as Attorney-in-Fact	05/29/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Sezzle (SEZL) report for Justin Krause?

Sezzle reported that SVP Finance and Controller Justin Krause sold 3,178 shares of common stock. The transactions were open-market sales executed on May 27, 2026, as part of a pre-arranged Rule 10b5-1 trading plan adopted in May 2025.

How many Sezzle (SEZL) shares did Justin Krause sell and at what prices?

Justin Krause sold 3,178 Sezzle shares in total. One transaction covered 3,000 shares at $118.00 per share, and another covered 178 shares at $113.00 per share, both executed on May 27, 2026, in open-market sales.

What is Justin Krause’s role at Sezzle (SEZL) in this Form 4 filing?

In this Form 4, Justin Krause is identified as Sezzle’s Senior Vice President of Finance and Controller. His position makes these transactions reportable as insider trades under SEC rules, even though the sales were conducted under a pre-arranged trading plan.

Do the Sezzle (SEZL) insider sales involve derivatives or only common stock?

The reported transactions involve only Sezzle common stock with a par value of $0.00001 per share. The derivativeSummary section is empty, indicating no option exercises or other derivative trades were reported in this particular Form 4 filing.

Are Justin Krause’s Sezzle (SEZL) sales considered open-market transactions?

Yes. Each transaction is coded as an “S,” described as a sale in an open market or private transaction. The filing specifically labels the actions as open-market sales of Sezzle common stock at stated per-share prices on May 27, 2026.