The CEO of Sezzle who holds about 50% of the stock in the company previously had a portion of his shares "voluntarily escrowed". This means he wasn't able to sell them up until the point the escrow ended.
The 9,553,571 shares previous under the voluntary escrow are now free to be sold by him as of today.
You may see him sell a portion in the coming weeks or months for 'tax reasons' or for 'diversification reasons'. This could be on market, or to a specific investor/group. It could also be done as part of a capital raise, however I don't believe they need to do that just yet.
If he sold the entire portion it might raise questions.
SZL Price at posting:
$1.59 Sentiment: None Disclosure: Not Held
