LegalZoom (LZ) director awarded 35,585 RSUs, now holds 131,965 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Whiteley Sivan reported acquisition or exercise transactions in this Form 4 filing.
LEGALZOOM.COM, INC. director Sivan Whiteley received a grant of 35,585 restricted stock units. These RSUs vest in a single installment on the earlier of the close of business on the day before LegalZoom’s next annual stockholder meeting or the one-year anniversary of the grant date, contingent on continued service.
Each RSU will be settled in one share of LegalZoom common stock when vested. After this equity award, Whiteley directly holds 131,965 shares of common stock. This is a compensation-related grant, not an open-market stock purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Whiteley Sivan
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 35,585 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 131,965 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 35,585 units
Price per share for grant: $0.00 per share
Shares held after grant: 131,965 shares
+1 more
4 metrics
RSUs granted
35,585 units
Restricted stock units awarded to director on transaction date
Price per share for grant
$0.00 per share
Equity award granted at no cash cost to director
Shares held after grant
131,965 shares
Total direct holdings following reported RSU award
Vesting trigger
Earlier of next meeting minus one day or one year
Single-installment vesting tied to next annual meeting or grant anniversary
Key Terms
restricted stock units ("RSUs"), annual meeting of stockholders, grant date
3 terms
restricted stock units ("RSUs") financial
"Represents restricted stock units ("RSUs") that vest in a single installment"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
annual meeting of stockholders financial
"on the day before the Issuer's next annual meeting of stockholders"
grant date financial
"the one-year anniversary of the grant date, subject to the Reporting Person's continuing service"
The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.
FAQ
What did LegalZoom (LZ) director Sivan Whiteley report in this Form 4?
Sivan Whiteley reported receiving a grant of 35,585 restricted stock units. These RSUs are part of director compensation and convert into an equal number of LegalZoom common shares once vesting conditions tied to time and service are met.
How many LegalZoom (LZ) RSUs were granted to director Sivan Whiteley?
The filing shows a grant of 35,585 restricted stock units to Sivan Whiteley. Each unit represents one potential share of LegalZoom common stock, subject to vesting based on the specified schedule and the director’s continued service to the company.
What is the vesting schedule for Sivan Whiteley’s LegalZoom (LZ) RSUs?
The RSUs vest in a single installment on the earlier of the close of business on the day before LegalZoom’s next annual stockholder meeting or the one-year anniversary of the grant date, assuming Sivan Whiteley continues to provide service to the company.
Is Sivan Whiteley’s LegalZoom (LZ) RSU grant an open-market stock purchase?
No, the Form 4 describes a compensation-related grant of restricted stock units at no cash cost, not an open-market stock purchase. The RSUs will be settled in LegalZoom common shares once they vest under the stated time- and service-based conditions.
How will Sivan Whiteley’s LegalZoom (LZ) RSUs be settled at vesting?
The RSUs are payable in an equivalent number of LegalZoom common shares once vested. When the single vesting date is reached and service conditions are satisfied, each restricted stock unit converts into one share of the company’s common stock.