Justin Krause - Aug 12, 2024 Form 4 Insider Report for Sezzle Inc. (SEZL)

Signature
/s/ Brady Duane Kafka, as Attorney-in-Fact
Stock symbol
SEZL
Transactions as of
Aug 12, 2024
Transactions value $
-$86,776
Form type
4
Date filed
8/13/2024, 04:12 PM
Previous filing
Jul 10, 2024
Next filing
Aug 30, 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 $86.3K +1.46K +8.84% $59.04 18K Aug 12, 2024 Direct
transaction SEZL Common Stock, par value $0.00001 per share Sale -$173K -1.46K -8.12% $118.43 16.5K Aug 12, 2024 Direct F1

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 $0 -1.46K -18.5% $0.00 6.44K Aug 12, 2024 Common Stock, par value $0.00001 per share 1.46K $59.04 Direct 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 The sales were effected in multiple transactions at prices ranging from $118.00 to $119.23, inclusive, on August 12, 2024. The price reported in Column 4 is the weighted average price. The reporting person undertakes to provide, upon request, full information regarding the number of shares purchased in each transaction.
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 7,896 shares of common stock.