[144] LegalZoom.com, Inc. SEC Filing
Form 144 notice for LegalZoom.com, Inc. (LZ): The filer intends to sell 15,000 common shares through Fidelity Brokerage Services on 08/18/2025, with an aggregate market value of $162,116.35. The company has 180,249,374 shares outstanding, making this proposed sale approximately 0.0083% of the outstanding common stock. The shares were acquired through employee programs: 667 shares via an ESPP on 11/15/2021 (cash), 11,214 shares vested as restricted stock on 08/15/2022, and 3,119 shares vested as restricted stock on 08/15/2023 (both recorded as compensation). No securities were sold by the person in the past three months. The filer affirms no undisclosed material adverse information and includes the standard signature and criminal-penalty warning.
- Clear compliance with Rule 144: broker, share count, aggregate value, and acquisition history are disclosed
- Immaterial size relative to outstanding shares (~0.0083%), limiting market impact
- No sales in past three months, suggesting this is not part of a rapid disposal pattern
- None.
Insights
TL;DR: Routine insider sale notice; size is immaterial relative to outstanding shares, so limited investor impact.
The filing is a standard Form 144 disclosure reporting a proposed sale of 15,000 shares valued at $162,116.35 to occur via Fidelity on 08/18/2025. The reported acquisitions are employer-related (ESPP and restricted stock vesting), indicating the seller is likely an employee or insider monetizing compensation-related holdings. Given the shares outstanding (180,249,374), the sale represents roughly 0.0083% of the float, which is immaterial to capitalization and market supply. There are no reported sales in the past three months, reducing near-term execution risk. This is a compliance-driven disclosure rather than a material corporate event.
TL;DR: Disclosure aligns with Rule 144 requirements; demonstrates procedural compliance by the insider.
The notice documents the nature and dates of acquisition (ESPP purchase and restricted stock vesting) and the intended broker and sale date, meeting Rule 144 transparency expectations. The filer’s representation that no undisclosed material adverse information exists is standard. There is no indication of coordinated large-scale disposition or a Rule 10b5-1 plan date provided. As such, the filing raises no immediate governance red flags but should be logged for routine insider activity monitoring.