[Form 4] LEGALZOOM.COM, INC. Insider Trading Activity

Rhea-AI Filing Summary

Jeffrey M. Stibel, Chief Executive Officer and a director of LegalZoom.com, Inc. (LZ), was granted 455,861 performance units certified on September 17, 2025. The certification reflects achievement of the second stock price target measured by the volume-weighted average closing price over a consecutive 30-day trading period. Each performance unit converts to one share of common stock and the units will vest on November 15, 2025, subject to Mr. Stibel's continued employment. Following the reported award, the filing shows 2,942,262 shares beneficially owned by Mr. Stibel on a direct basis and additional indirect holdings through several trusts and entities. The performance units may pay out between 75% and 400% of target value depending on stock-price performance over a three-year performance period.

Positive

• Performance-based award certified: 455,861 performance units certified, tying pay to stock-price targets over a 30-day VWAP period.
• Alignment with shareholders: Units convert 1:1 to common stock and vest only with continued employment, linking executive compensation to long-term share performance.
• Substantial insider ownership disclosed: Reporting Person holds 2,942,262 shares directly plus additional indirect holdings, indicating alignment with shareholder interests.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Leadership received a performance-based equity award tied to multi-year stock-price targets, aligning pay with shareholder outcomes.

The Form 4 reports a certification and grant of 455,861 performance units to the CEO/director on 09/17/2025, vesting 11/15/2025 subject to continued employment. The award is explicitly tied to the company's VWAP over a 30-day period and can pay out between 75% and 400% of target, which is a structured, asymmetric payout designed to reward significant stock-price appreciation. The filing also discloses substantial direct and indirect holdings across trusts and entities, indicating concentrated insider ownership. This is a routine, material compensation disclosure rather than an operational development.

Executive Compensation Analyst

TL;DR: A performance-unit certification increases potential dilution and executive upside, reflecting target-based incentive design.

The submission clarifies that each performance unit converts to one share and that the second price target was certified by the Compensation Committee. Vesting is time- and performance-conditioned, with a three-year measurement window and potential payout range of 75%–400% of target value. The grant was reported under transaction code M (exercise/settlement of performance award), and the price is reported as $0, consistent with performance-based equity awards. From a compensation design perspective, this award emphasizes pay-for-performance with multiplier-based outcomes common in executive incentive plans.

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).

1. Name and Address of Reporting Person^*

Stibel Jeffrey M

(Last) (First) (Middle)

954 VILLA STREET

(Street)

MOUNTAIN VIEW CA 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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/17/2025

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/17/2025		M		455,861(1)	A	$0	2,942,262	D
Common Stock								13,584	I	By Bryant-Stibel Fund I LLC(2)
Common Stock								537,779	I	By Travron Trust(2)
Common Stock								2,807,719	I	By CES 2020 Trust(2)
Common Stock								2,807,719	I	By JMS 2020 Trust
Common Stock								294,326	I	By Escondido Children's Trust(2)

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Rights (November 2024)	(3)	09/17/2025		M			455,861	(3)	11/14/2027	Common Stock	455,861	$0	2,507,234	D

Explanation of Responses:

1. Represents performance units for which the achievement of the second stock price target was certified by the Compensation Committee on September 17, 2025 based on the volume-weighted average closing price of the Issuer's common stock during a consecutive 30-day trading period. The performance units will vest on November 15, 2025, subject to the Reporting Person's continued employment with the Issuer through the vesting date.

2. 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.

3. Each performance unit represents a contingent right to receive one share of the Issuer's common stock. The performance units may vest, if at all, between 75% and 400% of the target grant date value based on the Issuer's common stock achieving certain stock price targets during a 3-year performance period (subject to a 29-trading day extension in certain circumstances). Stock price targets will be achieved based on the volume weighted average closing price of the Issuer's common stock during a consecutive 30-day trading period.

Remarks:

	/s/ Michelle Sparks, Attorney-in-Fact for Jeffrey M. Stibel	09/18/2025
	** 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.

FAQ

What did Jeffrey M. Stibel report on Form 4 for LegalZoom (LZ)?

The Form 4 reports a certification and grant of 455,861 performance units on 09/17/2025, which will vest on 11/15/2025 if employment continues.

How do the performance units convert to LegalZoom common stock?

Each performance unit represents a contingent right to receive one share of LegalZoom common stock upon vesting.

What performance measurement and payout range apply to the award?

Payout depends on achieving stock-price targets based on the volume-weighted average closing price over a consecutive 30-day period; units may vest between 75% and 400% of target value over a three-year performance period.

How many shares does Stibel beneficially own after the reported transaction?

The filing shows 2,942,262 shares beneficially owned directly following the reported transaction, plus several indirect holdings via trusts and entities.

When was the performance target certified and by whom?

The filing states the certification of the second stock price target occurred on 09/17/2025 and was made by the company's Compensation Committee.