[Form 4] LEGALZOOM.COM, INC. Insider Trading Activity
LegalZoom.com, Inc. (LZ)11/15/2025, 656,196 shares of LegalZoom common stock were withheld at a price of $10.01 per share to cover tax obligations arising from the vesting of restricted stock units, rather than being sold in the open market. After this transaction, he beneficially owned 2,286,066 shares directly, plus additional indirect holdings through various trusts, including 13,584 shares via Bryant-Stibel Fund I LLC and larger positions held by family-related trusts. The reporting person disclaims beneficial ownership of certain indirect holdings except to the extent of his economic interest.
- None.
- None.
Insights
Analyzing...
FAQ
What did LegalZoom (LZ) disclose in this Form 4 filing?
The filing shows that director and CEO Jeffrey M. Stibel had 656,196 LegalZoom common shares automatically withheld on 11/15/2025 to satisfy tax obligations from restricted stock unit vesting.
Was the LegalZoom (LZ) CEO’s Form 4 transaction an open-market sale?
No. The filing states the transaction was an automatic withholding of shares upon vesting of restricted stock units to cover tax withholding obligations, not a discretionary market sale.
How many LegalZoom (LZ) shares does Jeffrey M. Stibel own after the reported transaction?
Following the transaction, he beneficially owned 2,286,066 LegalZoom common shares directly, plus additional indirect holdings through entities such as Bryant-Stibel Fund I LLC and several family trusts.
What is the transaction price reported in the LegalZoom (LZ) Form 4?
The withheld LegalZoom common shares are reported at a price of $10.01 per share in connection with the tax withholding event on 11/15/2025.
Why does the LegalZoom (LZ) Form 4 mention indirect ownership through trusts?
The filing lists additional LegalZoom common shares held indirectly, including 13,584 shares by Bryant-Stibel Fund I LLC and larger stakes held by trusts such as the Escondido Children's Trust and Travron Trust, reflecting different forms of beneficial ownership.
Does Jeffrey M. Stibel claim full beneficial ownership of all indirectly held LegalZoom (LZ) shares?
No. The filing states he disclaims beneficial ownership of certain indirectly held securities except to the extent of his pecuniary interest in them.