[Form 4] LEGALZOOM.COM, INC. Insider Trading Activity
LegalZoom insider award and holdings update: Nicole Miller, Chief Legal Officer, received 135,672 performance units certified on 09/17/2025 after meeting a second stock-price target. Each unit converts to one share subject to vesting and performance multipliers; vesting is scheduled for 11/15/2025 provided continued employment. The performance units can pay out between 75% and 400% of target value depending on 3-year stock-price performance, using 30-day VWAP tests. After the award, Ms. Miller directly beneficially owns 1,095,704 shares and holds performance-based rights covering 746,197 underlying shares.
- Performance-based equity award ties executive compensation to long-term stock price outcomes
- Increased reported direct ownership to 1,095,704 shares, reflecting greater executive stake in the company
- Potential dilution from conversion of performance units into up to 746,197 shares if targets are met
- Vesting contingent on continued employment, so realization is not guaranteed
Insights
TL;DR: Executive received a meaningful performance-based equity award that increases reported beneficial ownership and ties compensation to stock performance.
The 135,672 performance units certified on 09/17/2025 are contingent on stock-price targets and may convert into up to 400% of target value, aligning pay with long-term share appreciation. The award increases reported direct ownership to 1,095,704 shares and represents potential dilution through issuance of up to 746,197 underlying shares. This disclosure is routine for executive compensation and does not by itself reveal cashflow or operational changes.
TL;DR: A performance-contingent grant was certified and reported; vesting requires continued employment and VWAP-based price hurdles.
The grant uses 30-day VWAP tests and a multi-year performance window with a possible 29-trading-day extension, standard mechanisms to measure sustained stock performance. Vesting on 11/15/2025 is conditioned on continued service. Filing was executed by attorney-in-fact and routinely updates Section 16 beneficial ownership records; no departures, exercises, or cash transactions are reported.