SEZL insider sale executed under spouse's 10b5-1 plan; 3,000 shares at $88.21

Rhea-AI Filing Summary

Paradis Paul, the Director & President of Sezzle Inc. (SEZL), filed a Form 4 reporting insider transactions dated 08/12/2025. The filing shows a sale (Code S) executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person’s spouse on December 2, 2024. The reported sale lists 3,000 shares and a transaction price of $88.21. The Form 4 also lists reported beneficial ownership figures of 245,000, 528,382 and 504,066 shares across direct and indirect categories and notes that the reporting person disclaims beneficial ownership except to the extent of pecuniary interest. The filing was signed by an attorney-in-fact on 08/13/2025.

Positive

• Transaction executed under a Rule 10b5-1 trading plan, indicating a pre-established, compliant mechanism for insider trades.
• Filing includes a disclaimer of beneficial ownership and explicit ownership figures, supporting transparent disclosure.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine sale under a spouse's 10b5-1 plan; disclosure and disclaimer reduce governance concerns.

The Form 4 documents a sale executed under a pre-established Rule 10b5-1 plan adopted by the reporting person’s spouse, which indicates the trade was pre-planned and intended to provide an affirmative defense to insider trading claims. The filing includes an explicit disclaimer that the reporting person disclaims beneficial ownership except for pecuniary interest, and it discloses multiple direct and indirect share counts. From a governance perspective, this is a standard, transparent disclosure rather than an unexplained ad-hoc sale.

Securities Analyst

TL;DR: A small reported sale of 3,000 shares at $88.21 under a 10b5-1 plan; unlikely to be market-moving.

The entry shows a transaction date of 08/12/2025 with a sale price of $88.21 for 3,000 shares. The filing also reports various post-transaction beneficial ownership figures (245,000; 528,382; 504,066). Because the sale is executed under a pre-existing 10b5-1 plan and the quantity reported is limited, the trade is unlikely to materially affect Sezzle’s market valuation on its own. The disclosure is complete and signed by an attorney-in-fact, supporting procedural compliance.

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)
08/12/2025

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	08/12/2025		S(1)		3,000	D	$88.21	245,000	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	08/13/2025
	** 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 transaction did Paradis Paul report on the Form 4 for SEZL?

The Form 4 reports a sale (Code S) on 08/12/2025, showing 3,000 shares and a transaction price of $88.21.

Was the sale by Paradis Paul part of a 10b5-1 trading plan for SEZL?

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

How many shares are reported as beneficially owned in the Form 4 for SEZL?

The Form 4 lists reported beneficial ownership figures of 245,000, 528,382 and 504,066 shares across direct and indirect categories.

Does Paradis Paul claim beneficial ownership of all reported shares in the SEZL filing?

No. The filing contains a statement that the reporting person disclaims beneficial ownership

Who signed the Form 4 for Paradis Paul and when?

The Form 4 was signed by Brady Duane Kafka as Attorney-in-Fact on 08/13/2025.