SEZZLE INC SEZL
COM · Common Stock · CUSIP 78435P105
Financial technology company
- SectorIndustrials
- IndustryServices-Business Services, NEC
- HeadquartersMinneapolis, MN
- Founded2016
- Websitesezzle.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($5.6m this quarter). Holder counts are more reliable. Shares outstanding: 34.0m as of 2025-08-04, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $179.23. Options: 13 managers hold calls ($184.6m notional), 14 hold puts ($91.5m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2023 | 5 |
| Q4 2023 | 12 |
| Q1 2024 | 24 |
| Q2 2024 | 45 |
| Q3 2024 | 89 |
| Q4 2024 | 128 |
| Q1 2025 | 133 |
| Q2 2025 | 234 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2023 | 11 | 3 |
| Q1 2024 | 18 | 5 |
| Q2 2024 | 38 | 11 |
| Q3 2024 | 60 | 20 |
| Q4 2024 | 90 | 34 |
| Q1 2025 | 71 | 69 |
| Q2 2025 | 178 | 61 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $0 | $0 | — |
| Q4 2024 | $0 | $0 | — |
| Q1 2025 | $0 | $0 | — |
| Q2 2025 | $184.6m | $91.5m | 0.50 |
Biggest buyers
| D. E. Shaw & Co., Inc. | New | +824.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | New | +400.4k |
| GOLDMAN SACHS GROUP INC | Added | +203.5k |
| RENAISSANCE TECHNOLOGIES LLC | New | +199.9k |
| T. Rowe Price Investment Management, Inc. | Added | +159.9k |
| TUDOR INVESTMENT CORP ET AL | New | +149.3k |
| FIRST TRUST ADVISORS LP | Added | +141.2k |
| TWO SIGMA INVESTMENTS, LP | Added | +129.3k |
| JANE STREET GROUP, LLC | Added | +116.2k |
| MILLENNIUM MANAGEMENT LLC | Added | +109.2k |
Biggest sellers
| Divisadero Street Capital Management, LP | Reduced | -400.3k |
| G2 Investment Partners Management LLC | Reduced | -363.0k |
| MARSHALL WACE, LLP | Reduced | -162.7k |
| CITADEL ADVISORS LLC | Reduced | -152.8k |
| Driehaus Capital Management LLC | Reduced | -145.0k |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -130.0k |
| Prospect Capital Advisors, LLC | Reduced | -89.7k |
| BOOTHBAY FUND MANAGEMENT, LLC | Reduced | -70.8k |
| ROYAL BANK OF CANADA | Reduced | -61.1k |
| TWINBEECH CAPITAL LP | Sold out | -53.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $59.0m329.2k shares |
| JANE STREET GROUP, LLC | New | $36.4m202.9k shares |
| CITADEL ADVISORS LLC | New | $27.5m153.2k shares |
| PEAK6 LLC | New | $22.2m123.6k shares |
| IMC-Chicago, LLC | New | $16.1m89.9k shares |
| GROUP ONE TRADING LLC | New | $8.7m48.3k shares |
| WOLVERINE TRADING, LLC | New | $5.9m35.9k shares |
| SIMPLEX TRADING, LLC | New | $4.0m22.4k shares |
| Caption Management, LLC | New | $3.6m19.9k shares |
| D. E. Shaw & Co., Inc. | New | $896.2k5.0k shares |
Biggest puts
| CITADEL ADVISORS LLC | New | $23.6m131.7k shares |
| Twin Tree Management, LP | New | $10.3m57.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $9.8m54.5k shares |
| JPMORGAN CHASE & CO | New | $9.6m53.3k shares |
| IMC-Chicago, LLC | New | $8.8m48.9k shares |
| SIMPLEX TRADING, LLC | New | $7.5m42.0k shares |
| D. E. Shaw & Co., Inc. | New | $5.1m28.7k shares |
| PEAK6 LLC | New | $4.4m24.8k shares |
| WOLVERINE TRADING, LLC | New | $4.0m24.0k shares |
| JANE STREET GROUP, LLC | New | $3.7m20.8k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Youakim Charles 13D · may seek influence -4.5 pts · filed 2026-09-14 | 39.6% |
| BlackRock, Inc. 13G · institution new · filed 2026-01-21 | 7.1% |
Insider purchases and sales in Q2 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2023 | 1 | $422.5k | 1 | $17.5k | — |
| Q4 2023 | 2 | $1.8m | 0 | — | — |
| Q1 2024 | 0 | — | 2 | $740.2k | $740.2k |
| Q2 2024 | 0 | — | 2 | $1.7m | $1.7m |
| Q3 2024 | 0 | — | 4 | $4.3m | $4.2m |
| Q4 2024 | 1 | $82.2k | 3 | $8.4m | $885.9k |
| Q1 2025 | 0 | — | 1 | $3.0m | $3.0m |
| Q2 2025 | 0 | — | 4 | $55.9m | $48.6m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-27 | Sabzivand Amin Chief Operating Officer | Sold plan | $990.0k6.0k shares |
| 2025-06-26 | Sabzivand Amin Chief Operating Officer | Sold plan | $1.4m8.8k shares |
| 2025-06-25 | Sabzivand Amin Chief Operating Officer | Sold plan | $518.9k3.2k shares |
| 2025-06-24 | Sabzivand Amin Chief Operating Officer | Sold plan | $2.8m18.0k shares |
| 2025-06-24 | Paradis Paul Director & President, director · By spouse | Sold plan | $445.9k3.0k shares |
| 2025-06-17 | Paradis Paul Director & President, director · By spouse | Sold plan | $438.0k3.0k shares |
| 2025-06-16 | Sabzivand Amin Chief Operating Officer | Sold plan | $990.9k7.0k shares |
| 2025-06-13 | Sabzivand Amin Chief Operating Officer | Sold plan | $72.4k512 shares |
| 2025-06-12 | Sabzivand Amin Chief Operating Officer | Sold plan | $216.3k1.5k shares |
| 2025-06-10 | Paradis Paul Director & President, director · By spouse | Sold plan | $362.6k3.0k shares |
| 2025-06-06 | Sabzivand Amin Chief Operating Officer | Sold plan | $209.9k1.7k shares |
| 2025-06-05 | Sabzivand Amin Chief Operating Officer | Sold plan | $913.7k7.3k shares |
| 2025-06-03 | Paradis Paul Director & President, director · By spouse | Sold plan | $339.8k3.0k shares |
| 2025-05-27 | Sabzivand Amin Chief Operating Officer | Sold plan | $1.1m9.9k shares |
| 2025-05-27 | Paradis Paul Director & President, director · By spouse | Sold plan | $324.7k3.0k shares |
| 2025-05-23 | Sabzivand Amin Chief Operating Officer | Sold plan | $229.2k2.1k shares |
| 2025-05-20 | Paradis Paul Director & President, director · By spouse | Sold plan | $294.0k3.0k shares |
| 2025-05-19 | Sabzivand Amin Chief Operating Officer | Sold plan | $1.2m12.0k shares |
| 2025-05-13 | Paradis Paul Director & President, director | Sold | $2.6m28.8k shares |
| 2025-05-13 | Paradis Paul Director & President, director | Sold | $2.5m28.0k shares |
| 2025-05-13 | Paradis Paul Director & President, director | Sold | $1.9m21.2k shares |
| 2025-05-13 | Sabzivand Amin Chief Operating Officer | Sold plan | $813.1k9.0k shares |
| 2025-05-13 | Paradis Paul Director & President, director · By spouse | Sold plan | $259.3k3.0k shares |
| 2025-05-13 | Paradis Paul Director & President, director · By spouse | Sold | $107.7k1.2k shares |
| 2025-05-12 | Hollis Kerissa General Counsel and Secretary | Sold | $143.3k1.7k shares |
| 2025-05-09 | Hartje Karen Chief Financial Officer | Sold plan | $10.2m121.4k shares |
| 2025-05-09 | Sabzivand Amin Chief Operating Officer | Sold plan | $736.7k9.0k shares |
| 2025-05-08 | Hartje Karen Chief Financial Officer | Sold plan | $22.4m311.2k shares |
| 2025-05-08 | Paradis Paul Director & President, director · By spouse | Sold plan | $1.4m18.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 1.2m $211.9m | Reduced -198 |
| VANGUARD GROUP INC 0.00% of their portfolio | 970.0k $173.9m | Reduced -43.7k |
| Divisadero Street Capital Management, LP 10.89% of their portfolio | 907.5k $162.7m | Reduced -400.3k |
| D. E. Shaw & Co., Inc. 0.15% of their portfolio | 824.9k $147.9m | New |
| MARSHALL WACE, LLP 0.13% of their portfolio | 632.5k $113.4m | Reduced -162.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 439.8k $78.8m | Added +7.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio | 400.4k $71.8m | New |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 373.0k $66.9m | Added +203.5k |
| STATE STREET CORP 0.00% of their portfolio | 355.2k $63.7m | Added +19.7k |
| T. Rowe Price Investment Management, Inc. 0.03% of their portfolio | 274.8k $49.3m | Added +159.9k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 224.7k $40.3m | Added +109.2k |
| MORGAN STANLEY 0.00% of their portfolio | 222.5k $39.9m | Added +48.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.05% of their portfolio | 199.9k $35.8m | New |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 188.2k $33.7m | Added +141.2k |
| Driehaus Capital Management LLC 0.26% of their portfolio | 182.2k $32.7m | Reduced -145.0k |
| G2 Investment Partners Management LLC 5.97% of their portfolio | 152.0k $27.2m | Reduced -363.0k |
| TUDOR INVESTMENT CORP ET AL 0.20% of their portfolio | 149.3k $26.8m | New |
| TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio | 136.6k $24.5m | Added +129.3k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 132.8k $23.8m | Added +6.1k |
| JANE STREET GROUP, LLC 0.04% of their portfolio | 127.9k $22.9m | Added +116.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 124.3k $22.3m | Added +3.7k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 116.2k $20.8m | Reduced -152.8k |
| Trexquant Investment LP 0.23% of their portfolio | 114.3k $20.5m | Added +74.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 114.1k $20.5m | Reduced -6.5k |
| Cubist Systematic Strategies, LLC 0.18% of their portfolio | 93.5k $16.8m | New |
| Invesco Ltd. 0.00% of their portfolio | 93.4k $16.7m | Added +86.2k |
| UBS Group AG 0.00% of their portfolio | 91.2k $16.3m | Added +77.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 88.9k $15.9m | Added +75.3k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 71.2k $12.8m | Reduced -61.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 63.5k $11.4m | New |
| HRT FINANCIAL LP 0.06% of their portfolio | 57.4k $10.3m | New |
| Nuveen, LLC 0.00% of their portfolio | 54.1k $9.7m | Added +14.4k |
| LPL Financial LLC 0.00% of their portfolio | 52.2k $9.4m | Added +44.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 49.6k $8.9m | Added +19.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 49.4k $8.9m | Added +26.1k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 48.8k $8.7m | Added +9.8k |
| Informed Momentum Co LLC 1.24% of their portfolio | 45.6k $8.2m | New |
| NAVELLIER & ASSOCIATES INC 1.00% of their portfolio | 45.2k $8.1m | Added +3.5k |
| ACADIAN ASSET MANAGEMENT LLC 0.02% of their portfolio | 43.3k $7.8m | Reduced -130.0k |
| Independent Advisor Alliance 0.22% of their portfolio | 42.8k $7.7m | Reduced -7.3k |
| LORD, ABBETT & CO. LLC 0.02% of their portfolio | 41.9k $7.5m | New |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 40.8k $7.3m | Added +37.2k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 38.3k $6.9m | Added +5.7k |
| Verition Fund Management LLC 0.04% of their portfolio | 35.1k $6.3m | New |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 34.5k $6.2m | Reduced -108 |
| Swiss National Bank 0.00% of their portfolio | 32.4k $5.8m | Unchanged |
| BOOTHBAY FUND MANAGEMENT, LLC 0.17% of their portfolio | 30.7k $5.5m | Reduced -70.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 30.5k $5.5m | Added +29.4k |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 30.4k $5.4m | New |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.01% of their portfolio | 29.6k $5.3m | Reduced -1.3k |
| BARCLAYS PLC 0.00% of their portfolio | 29.2k $5.2m | Added +10.6k |
| PDT Partners, LLC 0.29% of their portfolio | 28.9k $5.2m | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 27.5k $4.9m | Added +10.6k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 25.3k $4.5m | Added +1.5k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.02% of their portfolio | 23.0k $4.1m | Reduced -16.2k |
| Jump Financial, LLC 0.05% of their portfolio | 22.7k $4.1m | New |
| Vident Advisory, LLC 0.05% of their portfolio | 22.4k $4.0m | Added +594 |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 21.4k $3.8m | Added +2.3k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 21.4k $3.8m | Added +13.4k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 19.8k $3.5m | Added +3.8k |
| Calamos Advisors LLC 0.02% of their portfolio | 19.6k $3.5m | Added +7.9k |
| Prospect Capital Advisors, LLC 2.08% of their portfolio | 19.2k $3.4m | Reduced -89.7k |
| Legal & General Group Plc 0.00% of their portfolio | 17.6k $3.2m | Added +1.2k |
| Metavasi Capital LP 1.35% of their portfolio | 17.0k $3.0m | New |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 16.5k $3.0m | Reduced -12.6k |
| Creative Planning 0.00% of their portfolio | 15.7k $2.8m | Reduced -378 |
| XTX Topco Ltd 0.12% of their portfolio | 15.5k $2.8m | New |
| Centiva Capital, LP 0.18% of their portfolio | 15.5k $2.8m | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 15.4k $2.8m | Reduced -105 |
| SEI INVESTMENTS CO 0.00% of their portfolio | 15.3k $2.7m | Added +6.6k |
| FORA Capital, LLC 0.30% of their portfolio | 14.9k $2.7m | New |
| DARK FOREST CAPITAL MANAGEMENT LP 0.10% of their portfolio | 13.8k $2.5m | New |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 13.7k $2.5m | Reduced -7.7k |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 11.8k $2.1m | Reduced -32.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 11.6k $2.1m | Added +1.2k |
| Lisanti Capital Growth, LLC 0.58% of their portfolio | 11.6k $2.1m | New |
| Twin Tree Management, LP 0.05% of their portfolio | 11.5k $2.1m | New |
| SG Americas Securities, LLC 0.01% of their portfolio | 11.4k $2.0m | New |
| INTECH INVESTMENT MANAGEMENT LLC 0.02% of their portfolio | 11.4k $2.0m | Added +2.6k |
| MAVERICK CAPITAL LTD 0.03% of their portfolio | 10.4k $1.9m | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 10.1k $1.8m | Added +5.8k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 10.1k $1.8m | Reduced -1.8k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 9.8k $1.7m | Reduced -9.7k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 9.4k $1.7m | New |
| ALPS ADVISORS INC 0.01% of their portfolio | 9.3k $1.7m | Added +112 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 9.1k $1.6m | Added +859 |
| MetLife Investment Management, LLC 0.01% of their portfolio | 9.0k $1.6m | Added +504 |
| Schonfeld Strategic Advisors LLC 0.01% of their portfolio | 8.7k $1.6m | New |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 8.6k $1.5m | Reduced -313 |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 8.5k $1.5m | Reduced -173 |
| Bayesian Capital Management, LP 0.23% of their portfolio | 8.2k $1.5m | New |
| Nebula Research & Development LLC 0.12% of their portfolio | 7.7k $1.4m | Reduced -14.2k |
| Engineers Gate Manager LP 0.02% of their portfolio | 7.7k $1.4m | Reduced -7.1k |
| CITIGROUP INC 0.00% of their portfolio | 7.6k $1.4m | Reduced -3.3k |
| FNY Investment Advisers, LLC 0.52% of their portfolio | 6.9k $1.2m | New |
| Entropy Technologies, LP 0.10% of their portfolio | 6.7k $1.2m | New |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio | 6.6k $1.2m | New |
| Virtu Financial LLC 0.06% of their portfolio | 6.5k $1.2m | New |
| Cetera Investment Advisers 0.00% of their portfolio | 6.4k $1.1m | Reduced -173 |
| Quantbot Technologies LP 0.03% of their portfolio | 6.1k $1.1m | New |