[144] LegalZoom.com, Inc. SEC Filing
LegalZoom (ticker LZ) filed a Form 144 notifying a proposed sale of 24,250 common shares with an aggregate market value of $256,382.35 through Fidelity Brokerage Services. The planned sale date is 08/12/2025 on NASDAQ. The filing lists total shares outstanding of 180,249,374. The reported shares were issued as restricted stock vesting on 06/05/2024 (6,135), 08/15/2023 (2,380) and 06/05/2023 (15,735) and are described as compensation. The filer reported Nothing to Report for sales in the past three months and included the standard representation that they are not aware of any undisclosed material adverse information.
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Insights
TL;DR: Routine Form 144 reporting an insider sale tied to vested compensation; disclosure appears informational and likely not market-moving.
The filing documents a proposed sale of 24,250 LegalZoom common shares valued at $256,382.35 via Fidelity, with a planned sale date of 08/12/2025 on NASDAQ. The shares originated from restricted stock vesting events in 2023 and 2024 and are listed as compensation. No sales were reported in the prior three months. From a securities perspective this is a standard compliance filing to notify the market of a planned insider sale; the disclosure is specific and contains no operational or financial data beyond the sale mechanics.
TL;DR: Transaction appears to be compensation monetization; filing shows routine representations and no immediate governance concerns.
The notice identifies the shares as coming from restricted stock vesting (dates and amounts provided) and includes the standard attestation that the seller is unaware of undisclosed material adverse information. The filing does not state any adoption date for a Rule 10b5-1 trading plan. There are no disclosures of prior sales in the past three months. Based on the information provided, this filing raises no governance red flags but should be viewed as routine insider monetization of vested compensation.