LegalZoom CFO sells 15K shares, keeps large stake

Rhea-AI Filing Summary

LEGALZOOM.COM, INC. Chief Operating Officer & CFO Noel Bertram Watson reported an open-market sale of 15,000 shares of common stock at an average price of $6.4517 per share on May 18, 2026, under a pre-arranged Rule 10b5-1 trading plan.

He also had 82,501 shares withheld on May 15, 2026 to cover tax obligations related to vesting restricted stock units, which is not an open-market sale. Following these transactions, he directly holds 2,041,847 shares, which the footnotes state include 2,000 shares acquired through the employee stock purchase plan on May 15, 2026.

Insider Trade Summary 10b5-1

Net Seller: 15,000 shares

Net Sell 2 txns

Insider Watson Noel Bertram

Role Chief Operating Officer & CFO

Sold 15,000 shs ($97K)

Type	Security	Shares	Price	Value
Sale	Common Stock	15,000	$6.4517	$97K
Exercise Price or Tax Liability	Common Stock	82,501	$6.00	$495K

Holdings After Transaction: Common Stock — 2,041,847 shares (Direct)

Footnotes (4)

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.
2. F2. Includes 2,000 shares acquired pursuant to the Issuer's employee stock purchase plan on May 15, 2026.
3. F3. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 20, 2025.
4. F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.055 to $6.590, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

Key Figures

Open-market sale: 15,000 shares Sale price: $6.4517 per share Tax withholding shares: 82,501 shares +3 more

6 metrics

Open-market sale 15,000 shares Common Stock sold on May 18, 2026

Sale price $6.4517 per share Weighted average price for 15,000-share sale

Tax withholding shares 82,501 shares Withheld on May 15, 2026 for RSU tax obligations

Tax withholding price $6.0000 per share Price used for 82,501-share tax-withholding disposition

Post-transaction holdings 2,041,847 shares Direct ownership after reported transactions

ESPP acquisition 2,000 shares Acquired via employee stock purchase plan on May 15, 2026

Key Terms

Rule 10b5-1 trading plan, restricted stock units, employee stock purchase plan, tax withholding obligations, +1 more

5 terms

Rule 10b5-1 trading plan regulatory

"This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 20, 2025."

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

restricted stock units financial

"upon the vesting of restricted stock units in order to satisfy the Reporting Person's tax withholding obligations."

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.

employee stock purchase plan financial

"Includes 2,000 shares acquired pursuant to the Issuer's employee stock purchase plan on May 15, 2026."

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

tax withholding obligations financial

"in order to satisfy the Reporting Person's tax withholding obligations."

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did LegalZoom (LZ) report for Noel Bertram Watson?

Noel Bertram Watson reported selling 15,000 LegalZoom shares. The Chief Operating Officer & CFO sold common stock in an open-market transaction at an average price of $6.4517 per share on May 18, 2026, according to the Form 4.

Was the LegalZoom (LZ) insider sale made under a Rule 10b5-1 plan?

Yes, the 15,000-share sale was under a Rule 10b5-1 plan. A footnote explains the transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by Noel Bertram Watson on May 20, 2025, indicating it was pre-arranged.

How many LegalZoom (LZ) shares does the CFO hold after the reported transactions?

After the reported transactions, the CFO directly holds 2,041,847 shares. This post-transaction ownership figure comes from the Form 4 and includes 2,000 shares acquired through LegalZoom’s employee stock purchase plan on May 15, 2026.

What is the 82,501-share transaction in the LegalZoom (LZ) Form 4?

The 82,501-share entry reflects tax withholding, not a market sale. Shares were automatically withheld on May 15, 2026 when restricted stock units vested, to satisfy Noel Bertram Watson’s tax withholding obligations.

At what prices were the LegalZoom (LZ) insider transactions recorded?

The open-market sale averaged $6.4517 per share. A footnote notes this is a weighted average, with multiple trades between $6.055 and $6.590. The tax-withholding disposition used a price of $6.0000 per share.

Does the LegalZoom (LZ) Form 4 indicate any remaining derivative positions for the CFO?

The Form 4 does not list any remaining derivative positions. The derivative summary section is empty in this filing, so only common stock holdings and the two non-derivative transactions are disclosed here.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 05/19/2026 - 04:36 PM EDT Learn about SEC filing dates

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).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Watson Noel Bertram

(Last) (First) (Middle)

954 VILLA STREET

(Street)

MOUNTAIN VIEW CALIFORNIA 94041

(City) (State) (Zip)

UNITED STATES

(Country)

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 Operating Officer & CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	05/15/2026		F		82,501(1)	D	$6	2,056,847(2)	D
Common Stock	05/18/2026		S		15,000(3)	D	$6.4517(4)	2,041,847	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

Explanation of Responses:

1. 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.

2. Includes 2,000 shares acquired pursuant to the Issuer's employee stock purchase plan on May 15, 2026.

3. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 20, 2025.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.055 to $6.590, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

Remarks:

	/s/ Michelle Sparks, Attorney-in-Fact for Noel Bertram Watson	05/19/2026
	** 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.
* Form 4: SEC 1474 (03-26)