Noel Bertram Watson - 06 Feb 2025 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
06 Feb 2025
Net transactions value
-$474,976
Form type
4
Filing time
10 Feb 2025, 17:27:44 UTC
Previous filing
18 Dec 2024
Next filing
19 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LZ Common Stock Award $0 +300,120 +22% $0.000000 1,661,147 06 Feb 2025 Direct F1
transaction LZ Common Stock Tax liability $474,976 -51,460 -3.1% $9.23 1,609,687 06 Feb 2025 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents performance-based restricted stock units ("PSUs") that were deemed earned upon the Compensation Committee's certification of the underlying fiscal 2024 performance criteria on February 6, 2025. Of the earned amount of PSUs, 1/3 vested immediately upon certification by the Compensation Committee and the remaining 2/3 will vest in eight substantially equal installments on a quarterly basis, with the first quarterly installment to vest on May 15, 2025, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date.
F2 This transaction represents the automatic withholding of shares of the Issuer's common stock upon the vesting of restricted stock units in order to satisfy the Reporting Person's tax withholding obligations.