Watson Noel Bertram 4

What Happened Watson Noel Bertram, Chief Operating Officer of LegalZoom.com, Inc. (LZ), received a grant of 656,488 restricted stock units (RSUs) on 2026-03-07. The award was reported as an acquisition (grant) at $0.00 per share because RSUs are a non‑cash equity grant that convert to common stock upon vesting.

Key Details

• Transaction date: 2026-03-07; Transaction type/code: Award/Grant (A); Amount: 656,488 RSUs; Reported price: $0.00.
• Vesting: Per footnote, the RSUs are time‑based and vest in substantially equal quarterly installments over a three‑year period, with the first vesting date May 15, 2026, subject to the reporting person’s continuous service.
• Shares owned after the transaction: Not specified in the filing.
• Filing date: 2026-03-10; the filing does not indicate a late‑filing flag.
• No 10b5-1 plan, cashless sale, tax‑withholding details, or immediate sale were reported in this Form 4.

Context Time‑based RSU grants are a common executive compensation tool to align executives with long‑term shareholder value; they are not an immediate purchase or sale and only result in actual shares (and potential taxable income) as they vest. This grant should be viewed as a compensation action rather than a direct insider market signal.