[Form 4] LEGALZOOM.COM, INC. Insider Trading Activity
LegalZoom.com, Inc. (LZ) Chief Operating Officer & CFO Noel Bertram Watson reported equity transactions involving company common stock. On 11/15/2025, 318,901 shares of common stock were automatically withheld upon vesting of restricted stock units to cover tax withholding obligations at a price of $10.01 per share. On 11/18/2025, Watson sold 15,000 shares of common stock at a weighted average price of $9.5641 per share, under a Rule 10b5-1 trading plan adopted on May 20, 2025. Following these transactions, Watson beneficially owned 1,551,582 shares, which include 1,026 shares acquired through the company’s employee stock purchase plan on November 15, 2025.
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FAQ
What insider transactions did LegalZoom.com (LZ) report for Noel Bertram Watson?
Noel Bertram Watson, Chief Operating Officer & CFO of LegalZoom.com (LZ), reported two transactions. On 11/15/2025, 318,901 shares were automatically withheld upon vesting of restricted stock units to satisfy tax withholding obligations. On 11/18/2025, he sold 15,000 shares of common stock in an open market transaction.
At what prices were Noel Bertram Watson’s LegalZoom.com (LZ) share transactions executed?
The tax-related share withholding and open market sale occurred at different prices. The 318,901 shares withheld on 11/15/2025 were valued at $10.01 per share. The 15,000 shares sold on 11/18/2025 were executed at a weighted average price of $9.5641 per share, with individual trades ranging from $9.41 to $9.70.
How many LegalZoom.com (LZ) shares does Noel Bertram Watson own after these transactions?
After the reported transactions, Noel Bertram Watson beneficially owned 1,551,582 shares of LegalZoom.com common stock. This total includes 1,026 shares acquired through the company’s employee stock purchase plan on November 15, 2025.
Was the LegalZoom.com (LZ) insider sale made under a Rule 10b5-1 trading plan?
Yes. The sale of 15,000 LegalZoom.com common shares reported on 11/18/2025 was effected pursuant to a Rule 10b5-1 trading plan adopted by Noel Bertram Watson on May 20, 2025. The form also allows indication that a transaction may be intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
What does the tax withholding transaction reported by LegalZoom.com (LZ) signify?
The 318,901-share transaction reported on 11/15/2025 represents automatic tax withholding. Shares of LegalZoom.com common stock were withheld upon vesting of restricted stock units to satisfy Noel Bertram Watson’s tax withholding obligations, rather than being a discretionary sale.
What is Noel Bertram Watson’s role at LegalZoom.com (LZ) in this Form 4 filing?
In the Form 4, Noel Bertram Watson is identified as an officer of LegalZoom.com. His specific title is Chief Operating Officer & Chief Financial Officer, and the filing is made as a single reporting person on his beneficial ownership and transactions in LegalZoom.com common stock.