| Type | Sym | Class | Transaction | Value $ | Shares | Change % | Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | LZ | Common Stock | Tax liability | -$276 K | -24.4 K | -3.44% | $11.31 | 686 K | Nov 15, 2023 | Direct | F1 |
| transaction | LZ | Common Stock | Sale | -$279 K | -25 K | -3.65% | $11.17 | 661 K | Nov 16, 2023 | Direct | F2, F3 |
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).
| 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. |