STOCK TITAN

LZ Insider Filing: 33,035 Shares Withheld; 25,154 Sold Under 10b5-1 Plan

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Nicole Miller, Chief Legal Officer of LegalZoom.com, Inc. (LZ), reported two transactions in August 2025. On 08/15/2025 she had 33,035 shares withheld by the company to satisfy tax withholding upon the vesting of restricted stock units, leaving her beneficial ownership at 985,186 shares. On 08/19/2025 she sold 25,154 shares under a Rule 10b5-1 trading plan adopted May 19, 2025, for proceeds at an average price of $10.82, leaving beneficial ownership of 960,032 shares. The Form 4 is signed by an attorney-in-fact on her behalf.

Positive

  • Sale executed under a Rule 10b5-1 trading plan, indicating a pre-established, non-discretionary method for trading
  • Tax withholding handled by share withholding upon RSU vesting, a routine and administratively standard action

Negative

  • Insider beneficial ownership decreased from 985,186 to 960,032 shares following withholding and sale

Insights

TL;DR: Insider used standard mechanisms: tax withholding on RSU vesting and a pre-established 10b5-1 plan to sell shares, both routine disclosures.

The Form 4 shows two routine, non-discretionary events: automatic share withholding to cover taxes when restricted stock units vested and a sale under a Rule 10b5-1 trading plan adopted 05/19/2025. These actions are consistent with established compliance practices to manage equity compensation and avoid potential insider trading issues. No new management departures, amendments, or atypical transactions are disclosed.

TL;DR: The transactions modestly reduce insider stake but do not indicate unusual liquidity needs or material shift in ownership.

The reporting officer's beneficial ownership declined from 985,186 to 960,032 shares following tax-withholding and a sale of 25,154 shares at ~$10.82. The sale was executed under a documented 10b5-1 plan, which typically spaces sales over time. The amounts involved represent a small percentage of reported holdings and are standard for equity-compensation management rather than a material change to control or governance.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Miller Nicole

(Last) (First) (Middle)
954 VILLA STREET

(Street)
MOUNTAIN VIEW CA 94041

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
LEGALZOOM.COM, INC. [ LZ ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
CHIEF LEGAL OFFICER
3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/15/2025 F 33,035(1) D $10.72 985,186 D
Common Stock 08/19/2025 S 25,154(2) D $10.82 960,032 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. This transaction represents the automatic withholding of shares of the Issuer's common stock upon the vesting of restricted stock units in order to satisfy the Reporting Person's tax withholding obligations.
2. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 19, 2025.
Remarks:
/s/ Michelle Sparks, Attorney-in-Fact for Nicole Miller 08/19/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transactions did Nicole Miller report on Form 4 for LegalZoom (LZ)?

She reported 33,035 shares withheld for tax obligations upon RSU vesting on 08/15/2025 and a sale of 25,154 shares on 08/19/2025.

Were the sales executed under a trading plan?

Yes. The 08/19/2025 sale was effected pursuant to a Rule 10b5-1 trading plan adopted on May 19, 2025.

What prices were reported for the transactions?

The withheld shares are reported at $10.72 (withholding) and the sale reported an average price of $10.82 per share.

How did these transactions change Nicole Miller's beneficial ownership?

Her beneficial ownership decreased from 985,186 shares after withholding to 960,032 shares after the sale.

Who signed the Form 4 filing?

The form was signed by Michelle Sparks, Attorney-in-Fact for Nicole Miller on 08/19/2025.
Legalzoom.Com, Inc.

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1.80B
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Specialty Business Services
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United States
MOUNTAIN VIEW