Watson Noel Bertram 4
4 · LEGALZOOM.COM, INC. · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
LegalZoom (LZ) COO Watson Noel Bertram Sells Shares
What Happened
Watson Noel Bertram, Chief Operating Officer of LegalZoom (LZ), disposed of a total of 97,501 shares in mid‑May 2026. On May 15, 2026, 82,501 shares were withheld to satisfy tax withholding upon the vesting of restricted stock units (82,501 @ $6.00, reported value $495,006). On May 18, 2026, he sold 15,000 shares in the open market at a weighted average price of $6.45 (15,000 @ $6.45, reported proceeds $96,776). Combined reported disposals equal $591,782.
Key Details
- Transaction dates and prices:
- 2026-05-15: 82,501 shares withheld for tax (F) at $6.00 — $495,006.
- 2026-05-18: 15,000 shares sold open market (S) weighted avg $6.45 — $96,776 (sales executed across prices $6.055–$6.590; Reporting Person can provide per‑price breakdown on request).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Notable footnotes:
- F1: Withholding occurred upon RSU vesting to satisfy tax obligations.
- F2: Withholding amount includes 2,000 shares acquired under the issuer’s employee stock purchase plan on May 15, 2026.
- F3: The May 18 sale was effected under a Rule 10b5-1 trading plan adopted May 20, 2025.
- F4: Reported sale price is a weighted average; sales occurred at multiple prices in the stated range.
- Filing timeliness: No late‑filing flag indicated in the provided data.
Context
The May 15 disposition was a tax‑withholding event tied to RSU vesting (code F), not a market sale; the separate May 18 transaction was an open‑market sale (code S) conducted under an existing 10b5‑1 plan. Tax‑withholding on vesting and planned sales are common forms of insider disposals and do not by themselves indicate a change in view on the company.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2]2026-05-15$6.00/sh−82,501$495,006→ 2,056,847 total - Sale
Common Stock
[F3][F4]2026-05-18$6.45/sh−15,000$96,776→ 2,041,847 total
Footnotes (4)
- [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]Includes 2,000 shares acquired pursuant to the Issuer's employee stock purchase plan on May 15, 2026.
- [F3]This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 20, 2025.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.055 to $6.590, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.