LEGALZOOM.COM, INC.·4

May 19, 4:36 PM ET

Stibel Jeffrey M 4

Research Summary

AI-generated summary

Updated

LegalZoom CEO Jeffrey Stibel Sells 110,321 Shares (Tax Withholding)

What Happened

  • Jeffrey M. Stibel, CEO of LegalZoom.com, Inc. (LZ), had 110,321 shares of common stock withheld on May 15, 2026 at $6.00 per share (total value $661,926) to satisfy tax withholding obligations related to vested restricted stock units (RSUs). The Form 4 records these shares as disposed (transaction code F — tax withholding).

Key Details

  • Transaction date and price: May 15, 2026 — 110,321 shares withheld at $6.00/share (total $661,926).
  • Transaction type/code: F — automatic share withholding to cover tax liability on RSU vesting (not an open-market sale).
  • Additional items in filing: Footnote states 2,000 shares were acquired under the company’s employee stock purchase plan on May 15, 2026 (F2). The reporting person disclaims beneficial ownership except to the extent of pecuniary interest (F3).
  • Shares owned after transaction: Not specified in the information provided in this summary.
  • Filing timeliness: Report filed 2026-05-19 for a 2026-05-15 transaction — appears timely (Form 4 is generally due within two business days).

Context

  • This was a withholding/cashless-type transaction to cover taxes on vested RSUs rather than an active sale for cash; such withholdings are common and routine following vesting events and do not necessarily signal a change in the insider’s view of the company.