4//SEC Filing
Stibel Jeffrey M 4
Accession 0001286139-24-000127
CIK 0001286139other
Filed
Nov 18, 7:00 PM ET
Accepted
Nov 19, 5:54 PM ET
Size
17.1 KB
Accession
0001286139-24-000127
Insider Transaction Report
Form 4
Stibel Jeffrey M
DirectorChief Executive Officer
Transactions
- Tax Payment
Common Stock
2024-11-15$7.73/sh−16,947$131,000→ 682,641 total - Award
Performance Rights (November 2024)
2024-11-15+911,722→ 911,722 totalExp: 2027-11-14→ Common Stock (911,722 underlying) - Award
Common Stock
2024-11-15+607,814→ 1,290,455 total - Award
Performance Rights (July 2024)
2024-07-09+5,350,318→ 5,350,318 totalExp: 2029-07-08→ Common Stock (5,350,318 underlying)
Holdings
- 537,779(indirect: By Trust)
Common Stock
- 2,807,719(indirect: By Trust)
Common Stock
- 294,326(indirect: By Trust)
Common Stock
- 13,584(indirect: By LLC)
Common Stock
- 2,807,719(indirect: By Trust)
Common Stock
Footnotes (8)
- [F1]This transaction represents the automatic withholding of shares of the Issuer's common stock upon the vesting of restricted stock units ("RSUs") in order to satisfy the Reporting Person's tax withholding obligations.
- [F2]Constitutes the RSU portion of the Reporting Person's executive compensation for 2025. The shares of common stock represent time-based RSUs, with each RSU representing a contingent right to receive one share of the Issuer's common stock. The RSUs vest in substantially equal quarterly installments over a three-year period, with the first vesting date being May 15, 2025, subject to the Reporting Person's continuous service with the Issuer on each such vesting date.
- [F3]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.
- [F4]Constitutes the performance stock unit portion of the Reporting Person's executive compensation for 2025. Performance vesting is tied to stock price in order to more closely align management with long-term stockholder goals and stock performance. Each performance unit represents a contingent right to receive one share of the Issuer's common stock. The performance units may vest, if at all, between 75% and 400% of the target grant date value ("GDV") based on the stock price targets achieved during a 3-year performance period (subject to a 29-trading day extension in certain circumstances). The number of performance units reported above assumes the maximum stock price target is achieved, resulting in 400% of the GDV becoming eligible to vest. Stock price targets will be achieved based on the volume weighted average closing price of the Issuer's common stock during a consecutive 30-day trading period.
- [F5]Due to a 1,000 character limit, Footnote 5 is a continuation of Footnote 4: In the first year of the performance period, regardless of whether there is certification of achievement of a stock price target, the performance units will not vest before November 15, 2025, subject to the Reporting Person's continued employment through the vesting date. In the second and third years of the performance period, the performance units will vest immediately upon certification of achievement of a stock price target, subject to the Reporting Person's continued employment through the vesting date.
- [F6]Subject to a 29-trading day extension in certain circumstances.
- [F7]On July 10, 2024, the Reporting Person filed a Form 4 inadvertently reporting these performance rights in Table I. This Form 4 restates the previously reported performance rights in Table II instead.
- [F8]Subject to a 44-trading day extension in certain circumstances.
Documents
Issuer
LEGALZOOM.COM, INC.
CIK 0001286139
Entity typeother
Related Parties
1- filerCIK 0001334852
Filing Metadata
- Form type
- 4
- Filed
- Nov 18, 7:00 PM ET
- Accepted
- Nov 19, 5:54 PM ET
- Size
- 17.1 KB