Sabzivand Amin 4

What Happened

• Amin Sabzivand, Chief Operating Officer of Sezzle Inc. (SEZL), exercised 6,930 derivative securities (reported as "M") acquiring shares at $5.23 each (cost $36,244) on July 1, 2026. The filing shows open‑market sales of those 6,930 shares the same day in two blocks — 3,837 shares at a weighted avg $179.59 for about $689,083 and 3,093 shares at a weighted avg $180.31 for about $557,699 — total sale proceeds ≈ $1,246,782. The Form 4 also reports a derivative disposition of 6,930 shares at $0.00 (reported as "M").

Key Details

• Transaction date: July 1, 2026; Form 4 filed July 6, 2026.
• Exercise: 6,930 shares acquired @ $5.23 = $36,244.
• Sales: 3,837 shares @ $179.59 (weighted avg) = $689,083; 3,093 shares @ $180.31 (weighted avg) = $557,699; combined proceeds ≈ $1,246,782.
• Additional line: 6,930-share derivative disposition reported at $0.00 (filing does not provide an explanatory detail for that line).
• Footnotes: One transaction was effected under a Rule 10b5-1 trading plan adopted Nov 25, 2025. The two sales were executed in multiple trades at price ranges of $179.00–$179.90 and $180.04–$180.83; the reported prices are weighted averages (reporting person will provide breakdown on request).
• Shares owned after transaction: Not specified in the provided filing.

Context

• This pattern — exercising options and selling the same number of shares on the same day — is commonly a cashless exercise (employee converts options to shares and immediately sells them to cover costs/taxes or to take gains). The Form 4 shows both the exercise and the sales; it does not state the insider’s motivation or whether any shares were withheld for taxes.
• The presence of a 10b5-1 plan note indicates at least some sales were executed under a prearranged trading plan, which is designed to avoid trading based on nonpublic information.