LegalZoom COO Noel Watson Sells 500,000 Shares

What Happened

• Noel Watson (listed as Watson Noel Bertram), Chief Operating Officer of LegalZoom.com, Inc. (LZ), sold a total of 500,000 shares in two open‑market transactions. On 2026-08-20 he sold 416,371 shares (weighted avg price reported $5.91) for ~$2,460,753, and on 2026-08-21 he sold 83,629 shares (weighted avg price reported $5.83) for ~$487,557 — total proceeds ≈ $2,948,310. These were sales (not purchases), which are generally routine disclosures of insider selling.

Key Details

• Transaction dates and prices:
  • 2026-08-20: 416,371 shares sold; weighted avg price reported $5.91 (actual trades ranged $5.835–$5.965).
  • 2026-08-21: 83,629 shares sold; weighted avg price reported $5.83 (actual trades ranged $5.80–$5.88).
• Total shares sold: 500,000; approximate total proceeds: $2,948,310.
• Shares owned after transaction: not provided in the materials you shared.
• Footnotes: both days’ prices are weighted averages; the filer offered to disclose the exact breakdown of trades/prices on request (see F1 and F2).
• Filing timing: Report filed 2026-08-21 for transactions on 2026-08-20 and 08-21 (filed the next day per the filing header).

Context

• These were open‑market sales (insider selling), which disclose transfers of stock rather than a buy signal; such sales can be for many reasons (taxes, diversification, liquidity) and do not by themselves indicate company outlook.
• No option exercises, gifts, tax‑withholding, 10b5‑1 plan, or other derivative activity was indicated in the provided details.