| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | LZ | Common Stock | Tax liability | -$373K | -39.3K | -4.84% | $9.49 | 772K | May 15, 2024 | Direct | F1 |
| transaction | LZ | Common Stock | Sale | -$236K | -25K | -3.23% | $9.44 | 749K | May 16, 2024 | 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 of the Issuer's common stock 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 551,913 RSUs which are payable in an equivalent number of shares of the Issuer's common stock and also includes 2,000 shares of common stock acquired pursuant to the Issuer's 2021 Employee Stock Purchase Plan on May 15, 2024. |