LegalZoom.com (LZ) CEO granted 622,900 time-based RSUs
Rhea-AI Filing Summary
Stibel Jeffrey M reported acquisition or exercise transactions in this Form 4 filing.
LEGALZOOM.COM, INC. reported that Chief Executive Officer Jeffrey M. Stibel received a grant of 622,900 shares of common stock in the form of time-based restricted stock units. The RSUs vest in substantially equal quarterly installments over three years, beginning on May 15, 2026, contingent on his continued service.
Following this award, Stibel directly holds 2,830,609 shares of common stock. The filing also lists additional indirect holdings through entities such as Bryant-Stibel Fund I LLC, CES 2020 Trust, Travron Trust, JMS 2020 Trust, and Escondido Children's Trust, and notes that he disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 622,900 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The shares of common stock represent time-based RSUs, with each RSU representing a contingent right to receive one share of the Issuer's common stock. The RSUs vest in substantially equal quarterly installments over a three-year period, with the first vesting date being May 15, 2026, subject to the Reporting Person's continuous service with the Issuer on each such vesting date. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.
