[Form 4] LegalZoom.com, Inc. Insider Trading Activity
John Francis Murphy, a director of LegalZoom.com, Inc. (LZ), reported a sale of common stock on 08/12/2025. The report shows 24,250 shares sold with a weighted average price of $10.573. The explanatory note states the sales occurred in multiple transactions at prices ranging from $10.56 to $10.585, and the reporting person offered to provide detailed allocation of shares to the issuer or SEC staff upon request.
After the reported transactions, the filing discloses beneficial ownership of 69,953 shares held directly. The Form 4 was submitted by one reporting person and signed by an attorney-in-fact on behalf of Mr. Murphy, indicating the sale was executed through authorized representation rather than an additional reporting person.
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Insights
TL;DR: A director sold a modest block of shares; the filing shows transparency but is not, by itself, materially informative.
The Form 4 documents a director sale of 24,250 shares at a weighted average of $10.573, leaving 69,953 shares beneficially owned. The disclosure includes a price range and an offer to provide per-trade allocation details, which supports regulatory transparency. The sale was executed via an attorney-in-fact, a routine procedural detail. Based solely on the filing, there is no additional governance flag such as related-party transfers, option exercises, or derivative activity.
TL;DR: Insider sale reported; transaction size and price are explicit, but the filing alone does not signal a material market impact.
The sale of 24,250 shares at a weighted average price of $10.573 is clearly reported, with remaining direct ownership of 69,953 shares. The explanatory note confirms multiple transactions across a narrow price band ($10.56–$10.585), which suggests execution over several trades rather than a single block trade. There are no derivative transactions reported, so the disclosure is limited to straightforward share disposals.