LegalZoom (LZ) COO & CFO has 55,722 shares withheld for taxes
Rhea-AI Filing Summary
LEGALZOOM.COM, INC. Chief Operating Officer & CFO Noel Bertram Watson reported a tax-related share disposition. On February 15, 2026, 55,722 shares of common stock were automatically withheld at $6.87 per share when restricted stock units vested to cover his tax obligations. After this withholding, he directly owned 1,495,860 shares of LegalZoom common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 55,722 shares
Net Sell
1 txn
Insider
Watson Noel Bertram
Role
Chief Operating Officer & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 55,722 | $6.87 | $383K |
Holdings After Transaction:
Common Stock — 1,495,860 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did LegalZoom (LZ) report for Noel Bertram Watson?
LegalZoom reported that executive Noel Bertram Watson had 55,722 common shares automatically withheld to cover taxes upon restricted stock unit vesting. This was a tax-withholding disposition rather than an open-market purchase or sale.
What is Noel Bertram Watson’s role at LegalZoom (LZ) in this Form 4?
Noel Bertram Watson is identified as LegalZoom’s Chief Operating Officer & Chief Financial Officer. The Form 4 reflects a tax-related disposition of shares connected to his restricted stock unit vesting, rather than a discretionary trade in the open market.
What does transaction code "F" mean in the LegalZoom (LZ) Form 4?
Transaction code “F” indicates shares were used to pay an exercise price or tax liability. In this case, 55,722 LegalZoom shares were automatically withheld when restricted stock units vested to satisfy Noel Bertram Watson’s tax withholding obligations.