Watson Noel Bertram 4

What Happened

• Watson Noel Bertram, Chief Operating Officer of LegalZoom (LZ), had 55,722 shares of company stock withheld on 2026-02-15 to satisfy tax withholding obligations tied to the vesting of restricted stock units (RSUs). The withholding was recorded at $6.87 per share for a total value of $382,810. This was a tax-withholding disposal (code F), not an open-market sale.

Key Details

• Transaction date: 2026-02-15; Form 4 filed: 2026-02-18.
• Shares withheld/disposed: 55,722 at $6.87/share; total value reported: $382,810.
• Shares owned after transaction: not specified in the provided excerpt.
• Footnote: F1 — automatic withholding of shares upon RSU vesting to satisfy tax obligations.
• Transaction type/code: F (tax withholding); this is routine and does not indicate a directional trade by the insider.

Context

• This was a cashless tax-withholding event tied to vested RSUs, meaning shares were taken to cover taxes rather than sold on the open market by the insider. Such withholdings are common and generally not read as a signal of insider sentiment; outright purchases are typically more informative of bullish conviction.