Noel Bertram Watson - 15 Nov 2023 Form 4 Insider Report for LEGALZOOM.COM, INC. (LZ)

Signature
/s/ Michelle Sparks, Attorney-in-Fact for Noel Bertram Watson
Issuer symbol
LZ
Transactions as of
15 Nov 2023
Net transactions value
-$555,248
Form type
4
Filing time
17 Nov 2023, 16:57:40 UTC
Previous filing
17 Aug 2023
Next filing
06 Dec 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LZ Common Stock Tax liability $275,998 -24,403 -3.4% $11.31 685,695 15 Nov 2023 Direct F1
transaction LZ Common Stock Sale $279,250 -25,000 -3.6% $11.17 660,695 16 Nov 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction represents the automatic withholding of shares by the Issuer upon the vesting of restricted stock units ("RSUs") to satisfy the reporting person's tax withholding obligations.
F2 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 24, 2023.
F3 As of the date of this filing, includes 532,894 RSUs which are payable in an equivalent number of shares of the Issuer's common stock.