Paradis Paul 4

What Happened

• Paul Paradis, President and Director of Sezzle Inc. (SEZL), sold a total of 26,400 shares on June 18, 2026 in a series of open-market dispositions (transaction code S). The reported line items: 15,553 shares at a weighted avg $160.26 ($2,492,510); 1,612 shares at $161.22 ($259,889); 3,239 shares at $162.76 ($527,190); 5,806 shares at $163.43 ($948,856); and 190 shares at $164.11 ($31,181). Aggregate proceeds were approximately $4,259,626 (average ≈ $161.35/share). These were sales (not purchases), and thus are typically considered routine liquidity rather than a bullish purchase signal.

Key Details

• Transaction date: June 18, 2026; filing date: June 23, 2026 (filed five days after the trades, which is longer than the usual two-business-day Form 4 deadline).
• Prices/ranges: trades executed in multiple transactions with price ranges of $160.00–$160.99, $161.00–$161.59, $162.00–$162.94, and $163.02–$164.01; reported prices are weighted averages per group.
• Plan/authorization: Sales were made pursuant to a Rule 10b5-1 trading plan adopted by Paradis on November 18, 2025 (Footnote F1).
• Beneficial ownership: The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest (Footnote F6).
• Filing timeliness: Appears to be filed late relative to the standard 2-business-day requirement (transactionTimeliness = L).

Context

• These were pre-arranged sales under a 10b5-1 plan, which often means trades were scheduled in advance and do not necessarily reflect immediate views on the company. Sales reduce the insider’s stake but, by themselves, do not prove changes in outlook.