Watson Noel Bertram 4

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.