Watson Noel Bertram 4

What Happened Watson Noel Bertram, Chief Operating Officer of LegalZoom (LZ), had 51,545 shares of company stock withheld on July 9, 2026 to satisfy tax withholding obligations tied to the vesting of restricted stock units (RSUs). The withholding was recorded at $7.21 per share, totaling $371,639. This was a tax-withholding disposal (code F), not an open-market sale.

Key Details

• Transaction date: July 9, 2026
• Withheld shares: 51,545 at $7.21 per share = $371,639
• Transaction type: F (automatic tax withholding on RSU vesting) — see footnote F1 confirming automatic share withholding to cover taxes
• Filing date: July 13, 2026 (filed four days after the reported transaction) — this is later than the typical 2-business-day Form 4 deadline
• Shares owned after transaction: Not disclosed in the provided filing

Context Tax withholding on RSU vesting is a routine administrative disposal (shares are surrendered to cover taxes) and does not necessarily reflect the insider’s view of the company. It differs from an open-market sale by the insider and is common when equity awards vest.