Watson Noel Bertram 4

What Happened

• Watson Noel Bertram, Chief Operating Officer of LegalZoom (LZ), sold 15,000 shares in an open-market transaction on February 18, 2026. The filing reports a weighted-average sale price of $6.96, for total proceeds of approximately $104,414. The shares were sold in multiple trades at prices ranging from $6.74 to $7.025.

Key Details

• Transaction date: 2026-02-18 (reported on Form 4 filed 2026-02-19)
• Price: weighted average $6.96; per-share trades ranged $6.74–$7.025
• Shares sold: 15,000; gross proceeds ≈ $104,414
• Shares owned after transaction: Not disclosed in the provided filing
• Footnotes: The sale was effected under a Rule 10b5-1 trading plan adopted by the reporting person on May 20, 2025 (Footnote F1). The reported price is a weighted average across multiple transactions; the filer will provide a per-price breakdown on request (Footnote F2).
• Filing timeliness: No late filing indicated (transaction reported the next day).

Context

• This was a sale executed under a Rule 10b5-1 plan, which is a pre-established trading arrangement and is commonly used to schedule insider sales. Sales are often routine and do not by themselves indicate management’s view of the company’s prospects; purchases tend to be more informative for investor sentiment.