LegalZoom (NASDAQ: LZ) CFO awarded 656,488 RSUs, now holds 2,137,348 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Watson Noel Bertram reported acquisition or exercise transactions in this Form 4 filing.
LEGALZOOM.COM, INC. reported that Chief Operating Officer & CFO Noel Bertram Watson received a grant of 656,488 shares of common stock in the form of time-based RSUs. These RSUs vest in substantially equal quarterly installments over three years starting on May 15, 2026, contingent on continued service. Following this award, Watson directly owns 2,137,348 shares of LegalZoom common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Watson Noel Bertram
Role
Chief Operating Officer & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 656,488 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 2,137,348 shares (Direct)
Footnotes (1)
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FAQ
What did LegalZoom (LZ) disclose in this Form 4 filing?
LegalZoom disclosed a large RSU grant to its Chief Operating Officer & CFO, Noel Bertram Watson. He received 656,488 time-based RSUs, each representing one share of common stock, increasing his direct holdings to 2,137,348 shares after the award.
How do the newly granted RSUs at LegalZoom (LZ) vest?
The RSUs vest over three years. They are scheduled to vest in substantially equal quarterly installments, with the first vesting date on May 15, 2026. Vesting is conditioned on Noel Bertram Watson’s continuous service with LegalZoom on each applicable vesting date.
What type of security was involved in the LegalZoom Form 4 for Noel Bertram Watson?
The transaction involved common stock RSUs. Each restricted stock unit represents a contingent right to receive one share of LegalZoom common stock, with no purchase price. The grant was classified as a non-derivative acquisition under a compensation award.