LZ Insider Activity: COO/CFO Withholds RSUs and Executes 10b5-1 Sale

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Noel Bertram Watson, Chief Operating Officer & Chief Financial Officer of LegalZoom.com, Inc. (LZ), reported two transactions in August 2025. On 08/15/2025 56,216 shares were withheld upon vesting of restricted stock units to satisfy tax withholding, leaving the reporting person with 1,736,881 shares. On 08/18/2025 the reporting person sold 15,000 shares under a Rule 10b5-1 trading plan adopted May 20, 2025, at a weighted average price of $10.808, reducing beneficial ownership to 1,721,881 shares. The filing was signed by an attorney-in-fact on 08/19/2025. All actions are disclosed as tax withholding and a planned 10b5-1 sale.

Positive

Transaction transparency: The Form 4 discloses both the RSU tax-withholding and the 10b5-1 sale with quantities and prices.
Use of Rule 10b5-1 plan: The sale on 08/18/2025 was executed under a 10b5-1 plan adopted on 05/20/2025, indicating prearranged trading.
Tax withholding by share surrender: 56,216 shares were withheld upon RSU vesting to satisfy tax obligations, a routine non-dilutive action.

Negative

None.

Insights

TL;DR: Routine tax withholding and a prearranged 10b5-1 sale reduced insider holdings modestly; no unexpected disposition or dilution disclosed.

The Form 4 shows an automatic withholding of 56,216 shares upon RSU vesting and a subsequent sale of 15,000 shares executed under a Rule 10b5-1 plan at a weighted average price of $10.808. Beneficial ownership after the reported transactions is 1,721,881 shares. These transactions are operational (tax settlement) and preplanned (10b5-1), which typically reduces concern about opportunistic insider selling. There is no indication of derivative transactions or other material changes to capital structure in this filing.

TL;DR: Disclosure aligns with governance best practices: tax-related share withholding and an executed 10b5-1 plan are properly reported.

The filer disclosed the nature of the RSU withholding and explicitly stated the 10b5-1 plan adoption date (May 20, 2025). The reporting includes a weighted average sale price range and an offer to provide per-trade details on request, which supports transparency. The signature by an attorney-in-fact is noted. From a governance perspective, the filing contains the expected elements for compliant insider transactions.

Insider Trade Summary

Net Seller: 15,000 shares ($162,120)

Net Sell 2 txns

Insider Watson Noel Bertram

Role Chief Operating Officer & CFO

Sold 15,000 shs ($162K)

Type	Security	Shares	Price	Value
Sale	Common Stock	15,000	$10.808	$162K
Tax Withholding	Common Stock	56,216	$10.72	$603K

Holdings After Transaction: Common Stock — 1,721,881 shares (Direct)

Footnotes (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. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 20, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.70 to $10.88, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

Form 4 Insider Transactions: What Each Field Means →

08/19/2025 - 05:34 PM

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).

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^*

Watson Noel Bertram

(Last)

(First)

(Middle)

954 VILLA STREET

(Street)

MOUNTAIN VIEW

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 Operating Officer & CFO

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/15/2025		F		56,216⁽¹⁾	D	$10.72	1,736,881	D
Common Stock	08/18/2025		S		15,000⁽²⁾	D	$10.808⁽³⁾	1,721,881	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 20, 2025.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.70 to $10.88, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

Remarks:

	/s/ Michelle Sparks, Attorney-in-Fact for Noel Bertram Watson	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.

Source: View Original Filing on SEC EDGAR

FAQ

What transactions did Noel Bertram Watson report on Form 4 for LegalZoom (LZ)?

The filing reports withholding of 56,216 shares on 08/15/2025 to satisfy RSU tax withholding and a sale of 15,000 shares on 08/18/2025 under a 10b5-1 plan.

How many shares does the reporting person beneficially own after these transactions?

After the reported transactions the filing shows beneficial ownership of 1,721,881 shares.

At what price were the shares sold on 08/18/2025?

The sale on 08/18/2025 was reported at a weighted average price of $10.808, with trades in the range $10.70 to $10.88.

Was the 08/18/2025 sale discretionary or preplanned?

The filing states the 08/18/2025 sale was effected pursuant to a Rule 10b5-1 trading plan adopted on May 20, 2025.

Why were 56,216 shares disposed on 08/15/2025?

Those shares were automatically withheld upon vesting of restricted stock units to satisfy the reporting person’s tax withholding obligations.