Paradis Paul 4

What Happened

• Paul Paradis, President and a director of Sezzle Inc. (SEZL), received a grant of 20,000 restricted stock units (RSUs) on 2026-05-15. The reported acquisition price is $0, so no cash was paid at grant; these RSUs convert to common shares only as they vest.

Key Details

• Transaction type: Award/Grant (code A).
• Transaction date: 2026-05-15; Form 4 filed 2026-05-19 (filed within the SEC’s two-business-day window for Form 4s).
• Shares/units granted: 20,000 RSUs at $0.00 per share (total reported value at grant: $0).
• Vesting: 25% vests on the one‑year anniversary of the vesting commencement date; remaining 75% vests in equal quarterly installments over the following three years (footnote F1).
• Beneficial ownership: Paradis disclaims beneficial ownership of the RSUs except to the extent of his pecuniary interest (footnote F2).
• Shares owned after transaction: Not specified in the provided filing.

Context

• RSUs are a form of equity compensation that deliver shares upon vesting; they are not immediately tradable shares and involve no outlay at grant. Such awards are common for executive compensation and do not by themselves indicate market sentiment.
• The report disclaims full beneficial ownership, which is a standard clarification about economic vs. legal ownership.