LegalZoom.com (LZ) COO-CFO sells 15,000 shares via 10b5-1
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LEGALZOOM.COM, INC. Chief Operating Officer & CFO Noel Bertram Watson executed an open-market sale of 15,000 shares of common stock at a weighted average price of $6.9609 per share. The transaction occurred on February 18, 2026 and was carried out under a Rule 10b5-1 trading plan adopted on May 20, 2025.
After this planned sale, Watson directly holds 1,480,860 shares of LegalZoom common stock. The sale price reflected multiple trades within a range of $6.74 to $7.025 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 15,000 shares ($104,414)
Net Sell
1 txn
Insider
Watson Noel Bertram
Role
Chief Operating Officer & CFO
Sold
15,000 shs ($104K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 15,000 | $6.9609 | $104K |
Holdings After Transaction:
Common Stock — 1,480,860 shares (Direct)
Footnotes (1)
- 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 $6.74 to $7.025, 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.
FAQ
What insider transaction did LegalZoom (LZ) report for Noel Watson?
LegalZoom reported that Chief Operating Officer & CFO Noel Bertram Watson sold 15,000 shares of common stock. The sale was an open-market transaction under a pre-arranged Rule 10b5-1 trading plan and used a weighted average price based on multiple trades.
Is Noel Watson’s LegalZoom (LZ) stock sale part of a 10b5-1 plan?
Yes. The sale of 15,000 LegalZoom common shares by Noel Watson was executed pursuant to a Rule 10b5-1 trading plan. That plan was adopted on May 20, 2025, allowing pre-scheduled trades independent of day-to-day market or personal timing decisions.
What does the price range mean in Noel Watson’s LegalZoom (LZ) filing?
The filing notes the reported $6.9609 price is a weighted average across multiple trades between $6.74 and $7.025 per share. LegalZoom’s CFO has offered to provide detailed breakdowns of share counts at each exact price within that range upon request.