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

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

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.

Positive
  • 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
Negative
  • 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.

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*
Miller Nicole

(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
CHIEF LEGAL 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 135,672(1) A $0 1,095,704 D
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) (2) 09/17/2025 M 135,672 (2) 11/14/2027 Common Stock 135,672 $0 746,197 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. 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 Nicole Miller 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 Nicole Miller report on Form 4 for LegalZoom (LZ)?

Nicole Miller reported receipt of 135,672 performance units certified on 09/17/2025, increasing her direct beneficial ownership to 1,095,704 shares.

When do the performance units vest and convert to shares?

The performance units are scheduled to vest on 11/15/2025, subject to continued employment, and each unit represents a contingent right to one share.

How is payout determined for the performance units?

Payout ranges from 75% to 400% of target value based on achieving stock-price targets measured by the 30-day VWAP during a 3-year performance period (with a possible 29-trading-day extension).

How many underlying shares could result from the award?

The reported performance units correspond to 746,197 underlying shares reflected in the disclosure for derivative holdings.

Who signed the Form 4 filing for Nicole Miller?

The form was signed by Michelle Sparks, Attorney-in-Fact for Nicole Miller on 09/18/2025.
Legalzoom.Com, Inc.

NASDAQ:LZ

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LZ Stock Data

1.94B
132.07M
4.44%
89.21%
5.97%
Specialty Business Services
Services-computer Processing & Data Preparation
Link
United States
MOUNTAIN VIEW