LegalZoom (LZ) CLO sells shares; taxes paid in stock
Rhea-AI Filing Summary
LEGALZOOM.COM, INC. (LZ) reported insider transactions by Chief Legal Officer Nicole Miller involving the company’s common stock. On August 17 and 18, 2026, she sold 43,996 and 33,479 shares, respectively, at $5.51 per share in open-market or private transactions pursuant to a Rule 10b5-1 trading plan adopted on November 9, 2025. On August 15, 2026, 46,749 shares were automatically withheld at $5.62 per share to satisfy tax withholding obligations upon vesting of restricted stock units.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 124,224 shares
Net Sell
3 txns
Insider
Miller Nicole
Role
CHIEF LEGAL OFFICER
Sold
77,475 shs ($427K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F2 | 33,479 | $5.51 | $184K |
| Sale | Common Stock F2 | 43,996 | $5.51 | $242K |
| Tax Withholding | Common Stock F1 | 46,749 | $5.62 | $263K |
Holdings After Transaction:
Common Stock — 943,453 shares (Direct)
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. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 9, 2025.
Key Figures
Shares sold on 2026-08-17: 43,996 shares
Shares sold on 2026-08-18: 33,479 shares
Sale price per share: $5.51
+4 more
7 metrics
Shares sold on 2026-08-17
43,996 shares
Common stock sale at $5.51 per share by Nicole Miller
Shares sold on 2026-08-18
33,479 shares
Common stock sale at $5.51 per share by Nicole Miller
Sale price per share
$5.51
Price for both common stock sales on August 17 and 18, 2026
Total shares sold
77,475 shares
Combined common stock sales on August 17 and 18, 2026
Tax-withheld shares
46,749 shares
Shares withheld on August 15, 2026 to satisfy tax withholding obligations
Tax-withholding price per share
$5.62
Value used for automatic share withholding related to RSU vesting
Rule 10b5-1 plan adoption date
November 9, 2025
Adoption date of trading plan governing August 2026 sales
Key Terms
Rule 10b5-1 trading plan, restricted stock units, tax withholding obligations
3 terms
Rule 10b5-1 trading plan regulatory
"This transaction was effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
restricted stock units financial
"upon the vesting of restricted stock units in order to satisfy"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"in order to satisfy the Reporting Person's tax withholding obligations"
FAQ
What insider stock transactions were reported for LEGALZOOM.COM, INC. (LZ)?
Chief Legal Officer Nicole Miller reported two sales of LegalZoom common stock and one tax-withholding transaction. The sales occurred on August 17 and 18, 2026, and the tax-related share withholding occurred on August 15, 2026.
Were the recent LZ insider stock sales under a Rule 10b5-1 trading plan?
Yes. The reported sales of LegalZoom (LZ) stock on August 17 and 18, 2026, were effected under a Rule 10b5-1 trading plan that Nicole Miller adopted on November 9, 2025, as disclosed in the footnotes.
Who is the insider involved in the latest Form 4 for LEGALZOOM.COM, INC. (LZ)?
The insider is Nicole Miller, the Chief Legal Officer of LegalZoom.com, Inc. She reported stock sales and a tax-related share withholding involving the company’s common stock in August 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.