LegalZoom (NASDAQ: LZ) CEO holds 2,736,967 direct shares after tax withholding
Rhea-AI Filing Summary
LEGALZOOM.COM, INC. (LZ) director and Chief Executive Officer Jeffrey M. Stibel reported an automatic share withholding related to vesting equity awards. On 2026-08-15, 110,321 shares of common stock were withheld at $5.62 per share to satisfy tax withholding obligations upon vesting of restricted stock units, a non-open-market disposition coded as a tax-liability payment. Following this withholding, Stibel directly holds 2,736,967 shares of common stock and also reports additional indirect holdings through entities and trusts, for some of which he disclaims beneficial ownership except to the extent of his pecuniary interest.
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Insights
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Insider Trade Summary
Net Seller: 110,321 shares
Net Sell
6 txns
Insider
Stibel Jeffrey M
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 110,321 | $5.62 | $620K |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,736,967 shares (Direct);
Common Stock — 13,584 shares (Indirect, By Bryant-Stibel Fund I LLC);
Common Stock — 2,807,719 shares (Indirect, By CES 2020 Trust);
Common Stock — 2,807,719 shares (Indirect, By JMS 2020 Trust);
Common Stock — 537,779 shares (Indirect, By Travron Trust);
Common Stock — 294,326 shares (Indirect, By Escondido Children's Trust)
Footnotes (2)
- 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.
- F2. 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.
Key Figures
Shares withheld for tax: 110,321 shares
Withholding price per share: $5.62 per share
Direct holdings after transaction: 2,736,967 shares
+4 more
7 metrics
Shares withheld for tax
110,321 shares
Common stock automatically withheld on 2026-08-15 to satisfy tax withholding obligations upon RSU vesting
Withholding price per share
$5.62 per share
Valuation per share for the 110,321 withheld shares
Direct holdings after transaction
2,736,967 shares
Common stock directly owned by Jeffrey M. Stibel following the withholding transaction
Indirect holdings via Bryant-Stibel Fund I LLC
13,584 shares
Indirect common stock holdings reported as by Bryant-Stibel Fund I LLC
Indirect holdings via CES 2020 Trust
2,807,719 shares
Indirect common stock holdings reported as by CES 2020 Trust
Indirect holdings via Travron Trust
537,779 shares
Indirect common stock holdings reported as by Travron Trust
Indirect holdings via Escondido Children's Trust
294,326 shares
Indirect common stock holdings reported as by Escondido Children's Trust
Key Terms
restricted stock units, tax withholding obligations, beneficial ownership, pecuniary interest
4 terms
restricted stock units financial
"upon the vesting of restricted stock units in order to satisfy"
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.
tax withholding obligations financial
"in order to satisfy the Reporting Person's tax withholding obligations"
beneficial ownership financial
"disclaims beneficial ownership of these securities except to the extent"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his pecuniary interest therein"
FAQ
What transaction did LZ CEO Jeffrey M. Stibel report in this Form 4?
Jeffrey M. Stibel reported an automatic withholding of 110,321 shares of LegalZoom (LZ) common stock. The shares were withheld upon RSU vesting to satisfy tax withholding obligations, not sold in an open-market transaction.
What indirect holdings in LZ stock are reported for Jeffrey M. Stibel?
Indirectly, Jeffrey M. Stibel reports LegalZoom (LZ) shares held through entities and trusts, including Bryant-Stibel Fund I LLC with 13,584 shares and Travron Trust with 537,779 shares, among others, with certain interests subject to beneficial ownership disclaimers.
Was the LZ Form 4 transaction part of a trading plan or an RSU vesting event?
The Form 4 describes the transaction as automatic withholding upon RSU vesting to satisfy tax obligations. It is not characterized as an open-market trade and relates specifically to restricted stock unit vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
