LegalZoom (LZ) insider Stibel logs RSU tax withholding move
Rhea-AI Filing Summary
LegalZoom.com, Inc. (LZ) director and Chief Executive Officer Jeffrey M. Stibel reported an automatic share withholding tied to equity compensation. On 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.
Positive
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 656,196 | $10.01 | $6.57M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (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. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.
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.
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.