Justin Krause - 24 Jun 2024 Form 4/A Insider Report for Sezzle Inc. (SEZL)

Signature
/s/ Brady Duane Kafka, as Attorney-in-Fact
Issuer symbol
SEZL
Transactions as of
24 Jun 2024
Net transactions value
-$160,080
Form type
4/A
Filing time
26 Jun 2024, 17:03:18 UTC
Date Of Original Report
24 Jun 2024
Previous filing
03 Apr 2024
Next filing
03 Jul 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SEZL Common Stock, par value $0.00001 per share Options Exercise $3,800 +2,000 +12% $1.90* 18,658 24 Jun 2024 Direct
transaction SEZL Common Stock, par value $0.00001 per share Sale $28,704 -368 -2% $78.00 18,290 24 Jun 2024 Direct
transaction SEZL Common Stock, par value $0.00001 per share Sale $131,376 -1,632 -8.9% $80.50 16,658 24 Jun 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SEZL Stock Options Options Exercise $3,800 -2,000 -55% $1.90* 1,619 24 Jun 2024 Common Stock, par value $0.00001 per share 2,000 $1.90 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 These options fully vested on December 10, 2022.
F2 Effective May 11, 2023, the common stock of Sezzle Inc. was reverse split 1-for-38, resulting in the shares of common stock underlying the stock options beneficially owned by the reporting person immediately prior to the effect of this Form 4 being consolidated to 3,619 shares of common stock.