LegalZoom (LZ) COO Watson Noel Bertram Withholds 82,501 Shares

What Happened

• Watson Noel Bertram, Chief Operating Officer of LegalZoom (LZ), had 82,501 shares of the company's common stock withheld to satisfy tax withholding obligations upon the vesting of restricted stock units (RSUs). The withholding was recorded at $5.62 per share, a total value of $463,656.
• This is not an open-market sale by the insider signaling a view on the stock; it is an automatic tax-withholding disposition tied to RSU vesting.

Key Details

• Transaction date: August 15, 2026
• Withheld shares: 82,501 at $5.62 per share — total value $463,656
• Transaction type code: F (tax withholding on vested RSUs)
• Footnote: F1 — shares automatically withheld to satisfy the Reporting Person’s tax withholding obligations upon RSU vesting
• Shares owned after transaction: Not specified in the provided filing
• Filing date: August 18, 2026 (file appears to have been submitted a few days after the vesting date; no late-filing flag provided in the supplied data)

Context

• This was a tax-withholding event tied to RSU vesting (often called a cashless or in-kind withholding). It’s a routine administrative disposition and shouldn’t be read as a typical open-market sale or purchase decision.
• For retail investors tracking insider activity, purchases typically carry more weight as potential positive signals; tax withholding events are common and are primarily for payroll/tax compliance.