LegalZoom CEO reports tax share withholding
Rhea-AI Filing Summary
LEGALZOOM.COM, INC. CEO Jeffrey M. Stibel reported a tax-related share disposition. On the vesting of restricted stock units, 78,357 shares of common stock were automatically withheld at $6.87 per share to satisfy his tax withholding obligations. He now directly holds 2,207,709 shares, with additional indirect holdings reported through Bryant-Stibel Fund I LLC and several family trusts, for which he disclaims beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 78,357 shares
Exercise Price or Tax Liability
6 txns
Insider
Stibel Jeffrey M
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 78,357 | $6.87 | $538K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,207,709 shares (Direct);
Common Stock — 13,584 shares (Indirect, By Bryant-Stibel Fund I LLC);
Common Stock — 294,326 shares (Indirect, By Escondido Children's Trust);
Common Stock — 537,779 shares (Indirect, By Travron Trust);
Common Stock — 2,807,719 shares (Indirect, By JMS 2020 Trust);
Common Stock — 2,807,719 shares (Indirect, By CES 2020 Trust)
Footnotes (2)
- F1. 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.
- F2. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did LegalZoom (LZ) report for CEO Jeffrey Stibel?
LegalZoom reported that CEO Jeffrey Stibel had 78,357 common shares automatically withheld to cover tax obligations on vested restricted stock units. The shares were withheld at $6.87 each, classified as a tax-withholding disposition rather than an open-market trade.
AI-generated analysis. How Rhea-AI works. Not financial advice.
