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EdgarHawk

Purcell Paul Martin

23 filings analyzed · 1 company · Latest 2024-11-27

Companies

Company Buys Sells Direction
Sezzle Inc. SEZL 0 24 Net selling

Activity

November 2024
2024-11-27 Sezzle Inc. SEZL
high
Sell
2,401 shares
$1,118,200
Significance 7/10

CFO Paul Martin sells 2,401 SEZL shares at $465.72; holds 58.3K post-sale as stock up 87.8% in 30 days.

Paul Martin sold 2,401 shares of Sezzle at $465.72 on 2024-11-26, reducing his holdings to 58,275 shares (-4.0% vs pre-transaction holdings). The transaction occurred amid dramatic recent price momentum: the stock has risen 87.8% over the prior 30 days and 211.0% over 90 days, though it remains 10.6% below its 52-week high of $77.33. His prior SEZL sales (four disclosed within the last week of November alone) have all occurred too recently for 30-day and 90-day outcomes to be measured; his single measurable prior SEZL sell on 2024-10-02 showed a -78.5% 30-day return. Across his broader cross-ticker open-market history, his 20 prior sells averaged -79.4% 30-day returns and -53.4% 90-day returns with a 100.00% well-timed rate, suggesting a consistent pattern of selling into strength. The clustering of five SEZL sales within four trading days, combined with the exceptional recent price appreciation, warrants investor attention to whether this represents a sustained reduction in management exposure or reflects opportunistic liquidation during a volatile rally period.

2024-11-26 Sezzle Inc. SEZL
high
Sell
7,981 shares
$3,693,634
Significance 6/10

Purcell Paul Martin sold 7,981 shares of SEZL at $462.80 on 2024-11-22 for $3,693,633.94; stock has since fallen -7.7% from 52-week high while surging +101.2% over 30 days.

Purcell Paul Martin sold 7,981 shares at $462.80, reducing his stake by 11.5% to 61,415 shares. The transaction timing is notable given the stock's dramatic recent movement: while SEZL has surged +101.2% over the past 30 days and +229.7% over 90 days, the insider's cross-ticker track record shows a 100.00% well-timed rate on prior sells (lower post-sale returns), though his same-ticker history at SEZL shows 0 of 0 measurable well-timed sells to date. The current stock price of $71.41 represents a 84.6% discount to the $462.80 transaction price, suggesting a significant repricing event has occurred between the transaction date and now. With SEZL trading at a P/E of 7.14 on $70.0M quarterly revenue growth of +26.9%, the fundamental backdrop appears stable, but the dramatic price action warrants tracking whether the insider's sequential sells (including three on 2024-11-21) presage further declines or represent capitalization on volatility peaks.

2024-11-22 Sezzle Inc. SEZL
high
Sell
6,400 shares
$2,754,345
Significance 6/10

Sezzle insider Purcell Paul Martin sold 6,400 shares for $2,754,345.24 on 2024-11-21 at blended avg $430.37; stock now trades at $77.33.

Purcell Paul Martin executed 2 separate sales totaling 6,400 shares for $2,754,345.24, reducing holdings by 8.4% to 69,496 shares. The transactions occurred at blended average price of $430.37, but the current price is $77.33—a stark 82% decline from transaction price, representing a substantial mark-to-market loss on the divested position. His cross-ticker track record shows a 100.00% well-timed rate (20 prior sells with average 90-day return of -56.7%), yet his same-ticker history at SEZZL reveals 0 of 0 prior sells well-timed at the 90-day mark, with recent sells on 2024-10-02, 2024-09-30, and 2024-09-24 all showing sharp 30-day declines (-78.5%, -77.5%, -79.9% respectively). The company's fundamentals remain solid (P/E 7.73, revenue growth +26.9%, quarterly net income of $15,446,241.00), but the price trajectory since Martin's sales suggests a material disconnect between valuation at time of sale and current market levels.

2024-11-19 Sezzle Inc. SEZL
high
Sell
5,700 shares
$2,210,296
Significance 7/10

Director Purcell Paul Martin sold 5,700 SEZL shares at $387.77; stock now $70.98, down 81.8% from transaction price in 2 months.

Purcell Paul Martin sold 5,700 shares of Sezzle Inc. at $387.77 on 2024-11-18 for total value of $2,210,295.84, reducing his holdings by 7.0% to 75,796 shares. The current price of $70.98 represents an 81.8% decline from the transaction price in approximately two months, a collapse that appears consistent with his prior transaction history at this ticker: his five most recent sales at SEZL (2024-09-11 through 2024-10-02) showed 30-day declines ranging from -76.2% to -79.9%, with a timing rate of 0 of 0 prior sells well-timed at the 90-day mark. His cross-ticker track record of 19 prior sells achieved a 100% well-timed rate at the 90-day horizon with an average 90-day return of -59.3%, suggesting a pattern of selling before stock declines. The company's fundamentals remain relatively sound (P/E of 7.10, annual revenue growth of +26.9%, latest quarterly net income of $15,446,241.00), but the persistent and severe post-sale price deterioration across multiple SEZL transactions raises questions about whether this insider possesses material non-public information regarding deteriorating market conditions or business headwinds not yet reflected in public financial metrics.

October 2024
2024-10-04 Sezzle Inc. SEZL
high
Sell
7,824 shares
$1,289,841
Significance 6/10

Purcell Paul Martin sold 7,824 shares of SEZL at $164.86 on 2024-10-02; stock now $25.89, down 84% from sale price.

Purcell Paul Martin sold 7,824 shares (reducing holdings from 90,600 to 82,776 shares) at $164.86 on 2024-10-02 for $1,289,841.17, but the stock has since collapsed to $25.89—a decline of 84% from the transaction price. His cross-ticker track record shows a 100.00% well-timed rate on 18 prior sells (average 90-day return of -67.5%), indicating a strong historical pattern of selling before declines. At SEZL specifically, he executed 5 sales within an 20-day window (2024-09-10 through 2024-10-02), suggesting aggressive liquidation rather than a one-time adjustment. Despite SEZL's strong fundamentals (net income $29,701,881.00, revenue growth of +26.9%, P/E of 3.46), the insider's rapid series of high-volume sales and the subsequent 84% price collapse raises questions about whether publicly available fundamentals captured a material deterioration in business quality or near-term catalysts that prompted the exit.

2024-10-01 Sezzle Inc. SEZL
high
Sell
9,808 shares
$1,671,617
Significance 6/10

Purcell Paul Martin sold 9,808 shares of SEZL at $170.43 (Sept 30) as stock surges 81.5% in 90 days; fifth sale in 21 days.

Paul Martin executed his fifth open-market sale of SEZL in 21 days, liquidating 9,808 shares worth $1,671,616.67 at $170.43 on September 30, reducing holdings by 9.6%. The stock has gained 81.5% over the prior 90 days and is trading -7.5% below its 52-week high of $29.50, yet the transaction price of $170.43 is dramatically above both the 52-week high and the current price of $27.28—indicating these sales occurred during an exceptional valuation spike. Across his cross-ticker trading history, Martin's 17 prior sales achieved a 100% well-timed rate at the 90-day mark, suggesting a strong pattern of exiting before subsequent declines; however, at SEZL specifically, the five prior sales in this window remain without measurable 90-day outcomes. The company's fundamentals show robust profitability (net income $29.7M, revenue growth +26.9%, P/E 3.64), yet the repeated sales across a compressed 21-day window during maximum valuation warrant investor attention to whether this reflects a systematic exit or responses to near-term technical conditions.

September 2024
2024-09-26 Sezzle Inc. SEZL
critical
Sell
15,000 shares
$2,589,957
Significance 7/10

Purcell Paul Martin sold 15,000 SEZL shares at $172.66 on 2024-09-24; stock now $29.46, down 83% from sale price.

Martin sold 15,000 shares (12.8% of his pre-transaction holdings) at $172.66 on 2024-09-24. The stock's current price of $29.46 represents an 83% decline from the sale price, marking an extraordinarily well-timed exit. His cross-ticker track record shows a 100.00% well-timed rate on 16 prior sells, with an average 90-day post-sell return of -66.5%, and this SEZL transaction aligns with that pattern: he sold into strength (within 0.1% of the 52-week high of $29.50) ahead of a severe downturn. However, four recent prior sales at SEZL on 2024-09-04, 2024-09-09, 2024-09-10, 2024-09-11, and 2024-09-19 are still within outcome-measurement windows and show no clear timing pattern yet. The massive recent rally (+33.9% in 30 days, +100.4% in 90 days) immediately prior to this sale, combined with the stock's subsequent 83% collapse, underscores the precision of his exit timing relative to the company's fundamentals—which remain strong (P/E 3.93, +26.9% annual revenue growth, profitable with $29.7M net income)—suggesting the prior rally may have been disconnected from underlying value.

2024-09-20 Sezzle Inc. SEZL
medium
Sell
6,618 shares
$1,044,790
Significance 4/10

Insider Purcell Paul Martin sold 6,618 shares of SEZL at $157.87 on 2024-09-19; stock has surged +101.6% in 90 days.

Purcell Paul Martin sold 6,618 shares (5.2% of his pre-transaction holdings) on 2024-09-19 when SEZL was trading at $157.87, reducing his position from 126,665 to 120,047 shares. The company's fundamentals are solid—$56.0M quarterly revenue, $29.7M net income, +26.9% annual revenue growth, and a lean P/E of 3.64—suggesting undervaluation. However, the timing context is notable: the stock has climbed +101.6% in the 90 days following this sale, and his cross-ticker track record shows a 0.00% win rate on 5 prior buys with negative average returns at both 30-day and 90-day horizons (avg 90d return -23.5%). This recent sale also fits a pattern—he executed five separate sales at SEZL within an 11-day window (August 30 through September 11), culminating in this transaction, but post-transaction outcomes are not yet measurable. The sale's execution at the very bottom of a subsequent rally, combined with this insider's poor historical timing record, raises questions about whether this represented a forced or systematic reduction rather than prescient exit positioning.

2024-09-12 Sezzle Inc. SEZL
high
Sell
10,000 shares
$1,343,250
Significance 4/10

Purcell Paul Martin sold 10,000 shares of SEZL at $134.32 on 2024-09-11; stock now at $24.88 (down 81.5% post-trade).

Purcell Paul Martin sold 10,000 shares of Sezzle Inc. at $134.32 on 2024-09-11, reducing holdings from 142,080 to 132,080 shares. The stock has since declined dramatically to $24.88, representing an 81.5% loss from the transaction price. This appears part of a recent pattern: Martin executed five consecutive sales between 2024-08-23 and 2024-09-11. Sezzle trades at a P/E of 3.32 on trailing net income of $29,701,881.00 and shows strong fundamentals with +26.9% annual revenue growth, but the insider's cross-ticker track record shows concerning timing: his 14 prior sells averaged -82.2% return over 30 days, and his 6 prior buys averaged -64.0% over 30 days with a 0% win rate. The precise motivation for this concentrated sell sequence is unclear from the filing, but the subsequent share price collapse warrants scrutiny of whether market conditions deteriorated after the transaction date.

2024-09-11 Sezzle Inc. SEZL
medium
Sell
10,000 shares
$1,325,610
Significance 4/10

Purcell Paul Martin sold 10,000 SEZL shares at $132.56 on 2024-09-10 ($1.3M); holds 142,080 post-transaction

Purcell Paul Martin sold 10,000 shares (6.6% of pre-transaction holdings) at $132.56, while SEZL currently trades at $23.34—a 82.4% decline from the transaction price and well below the 52-week high of $23.34 (suggesting the insider sold near prior highs). This single transaction is the first measurable event in a series of 5 recent same-ticker sales within a span of 19 days (2024-08-23 through 2024-09-11), indicating a systematic reduction in position. Across his cross-ticker track record, Martin's 14 prior sells showed an average 30-day return of -82.2%, though outcomes on his recent SEZL sales remain unmeasurable at the 90-day window. The company itself shows strong fundamentals: net income of $29,701,881.00 on revenue of $55,968,505.00, annual growth of +26.9%, and a P/E of 3.12, leaving no obvious material deterioration as a catalyst. The sustained selling pattern warrants monitoring to determine whether it reflects a shift in position strategy or other considerations.

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