[144] Burford Capital Limited SEC Filing
Sezzle Inc. (SEZL) 鈥� Form 4 insider transaction
Chief Financial Officer Karen Hartje sold an aggregate 5,484 shares of Sezzle common stock on 7 July 2025 under a pre-arranged Rule 10b5-1 trading plan adopted 20 Sep 2024. Sales were executed in five tranches at weighted-average prices ranging from $166.86 to $179.00 per share. Following the transactions, Hartje directly owns 126,846 shares, down roughly 4 % from the prior 132,330 shares.
The filing reports only non-derivative sales; no option exercises or other derivative activity occurred. Because the plan was disclosed and Hartje retains a sizeable equity stake, the move appears to be routine portfolio diversification rather than a strategic shift, but it nevertheless represents modest insider selling pressure.
Sezzle Inc. (SEZL) 鈥� Transazione interna Form 4
La Chief Financial Officer Karen Hartje ha venduto un totale di 5.484 azioni ordinarie di Sezzle il 7 luglio 2025, nell鈥檃mbito di un piano di trading Rule 10b5-1 predefinito adottato il 20 settembre 2024. Le vendite sono state eseguite in cinque tranche a prezzi medi ponderati compresi tra $166,86 e $179,00 per azione. Dopo queste operazioni, Hartje detiene direttamente 126.846 azioni, una diminuzione di circa il 4% rispetto alle 132.330 azioni precedenti.
Il documento segnala esclusivamente vendite non derivate; non sono state effettuate esercitazioni di opzioni n茅 altre attivit脿 su strumenti derivati. Poich茅 il piano 猫 stato reso noto e Hartje mantiene una quota azionaria significativa, l鈥檕perazione sembra una normale diversificazione del portafoglio piuttosto che un cambiamento strategico, sebbene rappresenti comunque una modesta pressione di vendita interna.
Sezzle Inc. (SEZL) 鈥� Transacci贸n interna Formulario 4
La directora financiera Karen Hartje vendi贸 un total de 5,484 acciones ordinarias de Sezzle el 7 de julio de 2025 bajo un plan de negociaci贸n Rule 10b5-1 preestablecido adoptado el 20 de septiembre de 2024. Las ventas se realizaron en cinco tramos a precios promedio ponderados que oscilaron entre $166.86 y $179.00 por acci贸n. Tras estas transacciones, Hartje posee directamente 126,846 acciones, aproximadamente un 4% menos que las 132,330 acciones anteriores.
El informe solo menciona ventas no derivadas; no hubo ejercicios de opciones ni otra actividad derivada. Dado que el plan fue divulgado y Hartje mantiene una participaci贸n accionaria considerable, el movimiento parece una diversificaci贸n rutinaria de cartera m谩s que un cambio estrat茅gico, aunque representa una modesta presi贸n de venta interna.
Sezzle Inc. (SEZL) 鈥� Form 4 雮措秬鞛� 瓯半灅
斓滉碃鞛毂呾瀯鞛�(CFO) Karen Hartje電� 2025雲� 7鞗� 7鞚�鞐� 2024雲� 9鞗� 20鞚� 毂勴儩霅� 靷爠 靹れ爼霅� Rule 10b5-1 瓯半灅 瓿勴殟鞐� 霐半澕 齑� 5,484欤�鞚� Sezzle 氤错喌欤茧ゼ 毵る弰頄堨姷雼堧嫟. 毵る弰電� 雼れ劘 彀鞐� 瓯胳硱 欤茧嫻 $166.86鞐愳劀 $179.00 靷澊鞚� 臧�欷戫弶攴� 臧�瓴╈溂搿� 鞚措（鞏挫鞀惦媹雼�. 鞚措矆 瓯半灅 鞚错泟 Hartje電� 歆侅爲 126,846欤�毳� 氤挫湢頃橁矊 霅橃棃鞙茧┌, 鞚挫爠鞚� 132,330欤检棎靹� 鞎� 4% 臧愳唽頃� 靾橃箻鞛呺媹雼�.
鞁犼碃靹滌棎電� 牍勴寣靸� 毵る弰毵� 氤搓碃霅橃棃鞙茧┌, 鞓奠厴 頄夓偓雮� 旮绊儉 韺岇儩靸來拡 瓯半灅電� 鞐嗢棃鞀惦媹雼�. 瓿勴殟鞚� 瓿店皽霅橃棃瓿� Hartje臧� 靸侂嫻頃� 歆�攵勳潉 鞙犾頃橁碃 鞛堦赴 霑岆鞐� 鞚措矆 瓯半灅電� 鞝勲灥鞝� 氤�頇旊炒雼る姅 鞚检儊鞝侅澑 韽姼韽措Μ鞓� 雼り皝頇旊 氤挫澊雮�, 雮措秬鞛愳潣 靻岉彮 毵る弰 鞎曤牓鞚� 雮橅儉雰呺媹雼�.
Sezzle Inc. (SEZL) 鈥� Transaction d鈥檌niti茅 Formulaire 4
La directrice financi猫re Karen Hartje a vendu un total de 5 484 actions ordinaires de Sezzle le 7 juillet 2025, dans le cadre d鈥檜n plan de trading Rule 10b5-1 pr茅茅tabli adopt茅 le 20 septembre 2024. Les ventes ont 茅t茅 r茅alis茅es en cinq tranches 脿 des prix moyens pond茅r茅s allant de 166,86 $ 脿 179,00 $ par action. Apr猫s ces transactions, Hartje d茅tient directement 126 846 actions, soit une baisse d鈥檈nviron 4 % par rapport aux 132 330 actions pr茅c茅dentes.
Le d茅p么t ne rapporte que des ventes non d茅riv茅es ; aucun exercice d鈥檕ptions ou autre activit茅 d茅riv茅e n鈥檃 eu lieu. 脡tant donn茅 que le plan a 茅t茅 divulgu茅 et que Hartje conserve une participation importante, cette op茅ration semble relever d鈥檜ne diversification de portefeuille de routine plut么t que d鈥檜n changement strat茅gique, mais elle repr茅sente n茅anmoins une l茅g猫re pression de vente de la part des initi茅s.
Sezzle Inc. (SEZL) 鈥� Insider-Transaktion Form 4
Die Finanzchefin Karen Hartje verkaufte am 7. Juli 2025 insgesamt 5.484 Aktien von Sezzle im Rahmen eines vorab vereinbarten Rule 10b5-1 Handelsplans, der am 20. September 2024 eingef眉hrt wurde. Die Verk盲ufe erfolgten in f眉nf Tranchen zu gewichteten Durchschnittspreisen zwischen
Die Meldung beinhaltet nur nicht-derivative Verk盲ufe; es gab keine Aus眉bung von Optionen oder andere derivative Aktivit盲ten. Da der Plan offengelegt wurde und Hartje weiterhin eine betr盲chtliche Beteiligung h盲lt, scheint die Ma脽nahme eine routinem盲脽ige Portfolio-Diversifikation und keine strategische Ver盲nderung zu sein, stellt jedoch dennoch einen moderaten Verkaufsdruck von Insidern dar.
- Rule 10b5-1 trading plan indicates the sale was pre-scheduled, reducing concerns about opportunistic trading.
- CFO retains 126,846 shares, maintaining strong ownership alignment.
- 5,484-share sale by the CFO may be interpreted as reduced confidence or profit-taking, adding minor negative sentiment.
- Insider selling at $166-$179 levels introduces modest supply, potentially pressuring the share price in the short term.
Insights
TL;DR: CFO sold 5.5k shares (鈮�4 % stake) via 10b5-1; modest, neutral-to-slightly negative signal.
The transaction totals 5,484 shares worth roughly US$0.9 million at prices near all-time highs for SEZL. Because the sale was executed under a pre-scheduled Rule 10b5-1 plan and the CFO continues to hold ~127 k shares, I view the move as routine liquidity rather than a bearish call on fundamentals. Insider selling, however, can cap short-term upside as supply increases and may concern momentum investors looking for insider alignment. Overall impact on valuation or guidance is negligible; I classify the disclosure as non-impactful and primarily a sentiment datapoint.
TL;DR: Properly disclosed, plan-based sale aligns with governance best practices鈥攏eutral governance impact.
The use of a Rule 10b5-1 plan, adopted well in advance, provides safe-harbor protection and transparency, mitigating potential insider-trading concerns. The company鈥檚 Section 16 reporting is timely (two business days). Retention of >120 k shares preserves meaningful skin-in-the-game. From a governance standpoint, the transaction adheres to best-practice disclosure and does not raise red flags. Investor focus should remain on operational performance rather than this administrative filing.
Sezzle Inc. (SEZL) 鈥� Transazione interna Form 4
La Chief Financial Officer Karen Hartje ha venduto un totale di 5.484 azioni ordinarie di Sezzle il 7 luglio 2025, nell鈥檃mbito di un piano di trading Rule 10b5-1 predefinito adottato il 20 settembre 2024. Le vendite sono state eseguite in cinque tranche a prezzi medi ponderati compresi tra $166,86 e $179,00 per azione. Dopo queste operazioni, Hartje detiene direttamente 126.846 azioni, una diminuzione di circa il 4% rispetto alle 132.330 azioni precedenti.
Il documento segnala esclusivamente vendite non derivate; non sono state effettuate esercitazioni di opzioni n茅 altre attivit脿 su strumenti derivati. Poich茅 il piano 猫 stato reso noto e Hartje mantiene una quota azionaria significativa, l鈥檕perazione sembra una normale diversificazione del portafoglio piuttosto che un cambiamento strategico, sebbene rappresenti comunque una modesta pressione di vendita interna.
Sezzle Inc. (SEZL) 鈥� Transacci贸n interna Formulario 4
La directora financiera Karen Hartje vendi贸 un total de 5,484 acciones ordinarias de Sezzle el 7 de julio de 2025 bajo un plan de negociaci贸n Rule 10b5-1 preestablecido adoptado el 20 de septiembre de 2024. Las ventas se realizaron en cinco tramos a precios promedio ponderados que oscilaron entre $166.86 y $179.00 por acci贸n. Tras estas transacciones, Hartje posee directamente 126,846 acciones, aproximadamente un 4% menos que las 132,330 acciones anteriores.
El informe solo menciona ventas no derivadas; no hubo ejercicios de opciones ni otra actividad derivada. Dado que el plan fue divulgado y Hartje mantiene una participaci贸n accionaria considerable, el movimiento parece una diversificaci贸n rutinaria de cartera m谩s que un cambio estrat茅gico, aunque representa una modesta presi贸n de venta interna.
Sezzle Inc. (SEZL) 鈥� Form 4 雮措秬鞛� 瓯半灅
斓滉碃鞛毂呾瀯鞛�(CFO) Karen Hartje電� 2025雲� 7鞗� 7鞚�鞐� 2024雲� 9鞗� 20鞚� 毂勴儩霅� 靷爠 靹れ爼霅� Rule 10b5-1 瓯半灅 瓿勴殟鞐� 霐半澕 齑� 5,484欤�鞚� Sezzle 氤错喌欤茧ゼ 毵る弰頄堨姷雼堧嫟. 毵る弰電� 雼れ劘 彀鞐� 瓯胳硱 欤茧嫻 $166.86鞐愳劀 $179.00 靷澊鞚� 臧�欷戫弶攴� 臧�瓴╈溂搿� 鞚措（鞏挫鞀惦媹雼�. 鞚措矆 瓯半灅 鞚错泟 Hartje電� 歆侅爲 126,846欤�毳� 氤挫湢頃橁矊 霅橃棃鞙茧┌, 鞚挫爠鞚� 132,330欤检棎靹� 鞎� 4% 臧愳唽頃� 靾橃箻鞛呺媹雼�.
鞁犼碃靹滌棎電� 牍勴寣靸� 毵る弰毵� 氤搓碃霅橃棃鞙茧┌, 鞓奠厴 頄夓偓雮� 旮绊儉 韺岇儩靸來拡 瓯半灅電� 鞐嗢棃鞀惦媹雼�. 瓿勴殟鞚� 瓿店皽霅橃棃瓿� Hartje臧� 靸侂嫻頃� 歆�攵勳潉 鞙犾頃橁碃 鞛堦赴 霑岆鞐� 鞚措矆 瓯半灅電� 鞝勲灥鞝� 氤�頇旊炒雼る姅 鞚检儊鞝侅澑 韽姼韽措Μ鞓� 雼り皝頇旊 氤挫澊雮�, 雮措秬鞛愳潣 靻岉彮 毵る弰 鞎曤牓鞚� 雮橅儉雰呺媹雼�.
Sezzle Inc. (SEZL) 鈥� Transaction d鈥檌niti茅 Formulaire 4
La directrice financi猫re Karen Hartje a vendu un total de 5 484 actions ordinaires de Sezzle le 7 juillet 2025, dans le cadre d鈥檜n plan de trading Rule 10b5-1 pr茅茅tabli adopt茅 le 20 septembre 2024. Les ventes ont 茅t茅 r茅alis茅es en cinq tranches 脿 des prix moyens pond茅r茅s allant de 166,86 $ 脿 179,00 $ par action. Apr猫s ces transactions, Hartje d茅tient directement 126 846 actions, soit une baisse d鈥檈nviron 4 % par rapport aux 132 330 actions pr茅c茅dentes.
Le d茅p么t ne rapporte que des ventes non d茅riv茅es ; aucun exercice d鈥檕ptions ou autre activit茅 d茅riv茅e n鈥檃 eu lieu. 脡tant donn茅 que le plan a 茅t茅 divulgu茅 et que Hartje conserve une participation importante, cette op茅ration semble relever d鈥檜ne diversification de portefeuille de routine plut么t que d鈥檜n changement strat茅gique, mais elle repr茅sente n茅anmoins une l茅g猫re pression de vente de la part des initi茅s.
Sezzle Inc. (SEZL) 鈥� Insider-Transaktion Form 4
Die Finanzchefin Karen Hartje verkaufte am 7. Juli 2025 insgesamt 5.484 Aktien von Sezzle im Rahmen eines vorab vereinbarten Rule 10b5-1 Handelsplans, der am 20. September 2024 eingef眉hrt wurde. Die Verk盲ufe erfolgten in f眉nf Tranchen zu gewichteten Durchschnittspreisen zwischen
Die Meldung beinhaltet nur nicht-derivative Verk盲ufe; es gab keine Aus眉bung von Optionen oder andere derivative Aktivit盲ten. Da der Plan offengelegt wurde und Hartje weiterhin eine betr盲chtliche Beteiligung h盲lt, scheint die Ma脽nahme eine routinem盲脽ige Portfolio-Diversifikation und keine strategische Ver盲nderung zu sein, stellt jedoch dennoch einen moderaten Verkaufsdruck von Insidern dar.
FAQ
How many Sezzle (SEZL) shares did the CFO sell?
When were the insider sales executed?
What price range were the SEZL shares sold at?
Does the CFO still own Sezzle shares after the sale?
Was the sale part of a 10b5-1 trading plan?
Are any derivative securities involved in this Form 4?
