Miller Nicole 4

What Happened
Nicole Miller, Chief Legal Officer of LegalZoom (LZ), sold 23,325 shares on February 26, 2026, at $6.63 per share, generating gross proceeds of about $154,645. This was a sale (not a purchase) and therefore is generally considered routine insider selling rather than a bullish buy signal.

Key Details

• Transaction date: 2026-02-26; Price: $6.63 per share; Quantity: 23,325 shares; Proceeds: ~$154,645.
• Transaction type: Sale (code S), executed as an open-market or private sale per the filing.
• Footnote: Transaction was effected under a Rule 10b5-1 trading plan adopted by Ms. Miller on November 9, 2025.
• Filing date: 2026-02-27 (filed the next day), which is timely under Form 4 reporting rules.
• Shares owned after transaction: Not specified in the information provided.

Context
A 10b5-1 plan lets insiders execute pre-arranged trades on a set schedule or under preset conditions and is commonly used to avoid appearance of trading on inside information. Such preplanned sales are routine and do not necessarily reflect the insider’s current view of the company’s prospects. Purchases tend to be more informative about insider sentiment than scheduled sales.