LegalZoom (LZ) CAO covers RSU tax bill with 3,777 withheld shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LEGALZOOM.COM, INC. Chief Accounting Officer Thomas Charles C. had 3,777 shares of Common Stock withheld on May 15, 2026 at $6.00 per share. The footnote explains this was an automatic share withholding upon vesting of restricted stock units to cover tax obligations, not an open-market sale, leaving him with 152,080 shares directly owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Thomas Charles C.
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,777 | $6.00 | $23K |
Holdings After Transaction:
Common Stock — 152,080 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Tax-withheld shares: 3,777 shares
Withholding price: $6.00 per share
Shares owned after: 152,080 shares
+1 more
4 metrics
Tax-withheld shares
3,777 shares
Automatic withholding on May 15, 2026 to cover RSU taxes
Withholding price
$6.00 per share
Value used for tax-withholding disposition
Shares owned after
152,080 shares
Direct holdings following the tax-withholding transaction
Tax-withholding transactions
1 transaction
Single code F disposition in this Form 4
Key Terms
restricted stock units, tax withholding obligations, Common Stock, tax-withholding disposition, +1 more
5 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"
Common Stock financial
"This transaction represents the automatic withholding of shares of the Issuer's common stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
non-derivative financial
""transaction_type": "non-derivative""
FAQ
What insider transaction did LegalZoom (LZ) report for Thomas Charles C.?
LegalZoom reported that Chief Accounting Officer Thomas Charles C. had 3,777 shares automatically withheld. The shares covered tax obligations from vesting restricted stock units, rather than reflecting an open-market purchase or sale of LegalZoom common stock.
Was the LegalZoom (LZ) Form 4 transaction an open-market sale?
No, the Form 4 describes an automatic tax-withholding event, not an open-market sale. Shares were withheld when restricted stock units vested, satisfying the executive’s tax liability using company stock instead of cash payment.
What does transaction code F mean in the LegalZoom (LZ) Form 4?
Transaction code F indicates a tax-withholding disposition rather than a typical buy or sell. In this case, shares were delivered back to LegalZoom to satisfy tax obligations triggered when restricted stock units vested for the reporting executive.