SEZL Form 4: Director Paul Paradis Reports 3,000-Share Sale Under 10b5-1 Plan

Rhea-AI Filing Summary

Sezzle Inc. (SEZL) Form 4: Paul Paradis, listed as Director and President, reported an insider sale executed on 08/26/2025 under a Rule 10b5-1 trading plan. The filing shows a disposition of 3,000 shares of common stock at a price of $92.24 per share. The report lists beneficial ownership figures following the transactions as: 528,382 shares directly, 504,066 shares indirectly via Paradis Family LLC, and 239,000 shares indicated as held by spouse. The filing includes a disclosure that the 10b5-1 plan was adopted by the reporting person’s spouse on December 2, 2024, and a disclaimer that the reporting person disclaims beneficial ownership of certain shares except for pecuniary interest.

Positive

• Transaction executed under a Rule 10b5-1 plan, indicating pre-established trading rules and compliance safeguards
• Clear ownership disclosures identifying direct and indirect holdings and a spouse-held position
• Form signed via attorney-in-fact, showing procedural completion and formal filing

Negative

• Insider sale of 3,000 shares at $92.24 may be viewed negatively by some investors despite being plan-based
• Reporting person disclaims beneficial ownership of certain shares except for pecuniary interest, which can complicate ownership transparency

Insights

Financial Analyst

TL;DR: Routine insider sale under a spouse’s 10b5-1 plan; transaction size appears modest relative to reported holdings.

The reported sale of 3,000 shares at $92.24 was executed pursuant to a Rule 10b5-1 plan adopted by the reporting person’s spouse on 12/02/2024, which provides pre-clearance and defense against allegations of trading on material nonpublic information. The filing shows the reporting person retains significant direct and indirect holdings (528,382 direct; 504,066 indirect via Paradis Family LLC) and a spouse-held position of 239,000 shares. Given the presence of a standing plan and the relatively small number of shares sold compared with total holdings, the transaction appears routine and non-material to ownership control.

Corporate Governance Expert

TL;DR: Disclosure follows good governance practices by documenting 10b5-1 plan use and ownership disclaimers.

The Form 4 explicitly cites a Rule 10b5-1 trading plan and includes an ownership disclaimer regarding shares held through family entities and spouse. This transparency supports compliance and reduces insider-trading concerns. The separate identification of direct and indirect holdings and the attorney-in-fact signature indicate proper procedural handling. No governance red flags are evident from the filing content itself.

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)
08/26/2025

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	08/26/2025		S(1)		3,000	D	$92.24	239,000	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	08/27/2025
	** 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 Paul Paradis (SEZL) report on Form 4?

The filing reports a sale of 3,000 shares on 08/26/2025 at a price of $92.24 per share, and discloses direct and indirect holdings.

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

Yes. The filing states the transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person’s spouse on 12/02/2024.

How many SEZL shares does Paul Paradis beneficially own after the reported transaction?

The Form 4 lists beneficial ownership following the transactions as 528,382 shares direct, 504,066 shares indirect via Paradis Family LLC, and 239,000 indicated as held by spouse.

Does the filing indicate any governance or procedural issues?

No. The filing includes ownership disclaimers, identifies the 10b5-1 plan, and is executed by an attorney-in-fact, consistent with standard disclosure procedures.

What is the significance of a 10b5-1 plan in this Form 4?

A Rule 10b5-1 plan allows pre-scheduled trades to provide an affirmative defense against insider trading allegations because trades are set under a written plan adopted when the insider lacked material nonpublic information.