LegalZoom (NASDAQ: LZ) insider faces 82K-share tax withholding, retains 1.9M shares
Rhea-AI Filing Summary
LEGALZOOM.COM, INC. (LZ) reported a Form 4 transaction by Chief Operating Officer & CFO Noel Bertram Watson. On 2026-08-15, 82,501 shares of common stock were disposed of at $5.62 per share through the automatic withholding of shares upon the vesting of restricted stock units to satisfy tax withholding obligations. Following this tax-withholding disposition, Watson holds 1,907,801 shares of LegalZoom.com, Inc. common stock directly.
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Insider Trade Summary
Net Seller: 82,501 shares
Net Sell
1 txn
Insider
Watson Noel Bertram
Role
Chief Operating Officer & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 82,501 | $5.62 | $464K |
Holdings After Transaction:
Common Stock — 1,907,801 shares (Direct)
Footnotes (1)
- 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.
Key Figures
Shares withheld for taxes: 82,501 shares
Withholding price per share: $5.62 per share
Post-transaction holdings: 1,907,801 shares
3 metrics
Shares withheld for taxes
82,501 shares
Common stock automatically withheld on 2026-08-15 for tax withholding obligations
Withholding price per share
$5.62 per share
Valuation used for the 82,501 shares in the Code F transaction
Post-transaction holdings
1,907,801 shares
Direct common stock held by Noel Bertram Watson after the transaction
Key Terms
restricted stock units, automatic withholding of shares, tax withholding obligations
3 terms
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 transaction did LZ report for Noel Bertram Watson on this Form 4?
LegalZoom.com, Inc. reported that Noel Bertram Watson had 82,501 shares of common stock withheld on 2026-08-15 to cover tax withholding obligations arising from the vesting of restricted stock units.
Did Noel Bertram Watson sell LZ stock in the open market?
No. The Form 4 states the Code F transaction was an automatic withholding of shares upon RSU vesting to satisfy tax withholding obligations, not an open-market sale.
Was this LZ Form 4 transaction under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not checked, and the footnote describes the transaction as automatic share withholding for taxes upon restricted stock unit vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.