Stibel Jeffrey M 4
4 · LEGALZOOM.COM, INC. · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
LegalZoom CEO Jeffrey Stibel Withholds 78,357 Shares for Taxes
What Happened
Jeffrey M. Stibel, CEO of LegalZoom.com, Inc. (LZ), had 78,357 shares of company stock withheld on Feb 15, 2026 to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs). The withholding was recorded at $6.87 per share for a total value of approximately $538,313. This transaction is a tax-withholding event (transaction code F), not an open-market sale.
Key Details
- Transaction date: 2026-02-15; Filing date: 2026-02-18.
- Withheld: 78,357 shares at $6.87 per share — total value ≈ $538,313.
- Transaction type/code: F — automatic withholding to satisfy tax liability on vested RSUs.
- Shares owned after the transaction: not specified in the provided filing summary.
- Footnotes: F1 confirms the withholding was automatic upon RSU vesting to cover taxes; F2 disclaims beneficial ownership except to extent of pecuniary interest.
- No late-filing flag provided in the materials supplied.
Context
Tax withholding on vested RSUs is a routine corporate process (often processed as "net share settlement") and does not indicate an active decision to sell shares in the market. Footnote F2 clarifies the reporting person disclaims beneficial ownership beyond any pecuniary interest, a standard disclosure in many insider filings.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-02-15$6.87/sh−78,357$538,313→ 2,207,709 total
- 13,584(indirect: By LLC)
Common Stock
[F2] - 294,326(indirect: By Trust)
Common Stock
[F2] - 537,779(indirect: By Trust)
Common Stock
[F2] - 2,807,719(indirect: By Trust)
Common Stock
- 2,807,719(indirect: By Trust)
Common Stock
[F2]
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.