Form 4: LegalZoom CFO Noel Bertram Watson Reports Stock Transaction

LegalZoom's CFO, Noel Bertram Watson, reports the automatic withholding of shares to cover tax obligations and the acquisition of shares through the Employee Stock Purchase Plan.

Summary

• Noel Bertram Watson, CFO of LegalZoom, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• On May 15, 2025, 56,213 shares of common stock were disposed of to satisfy tax withholding obligations related to vesting restricted stock units at a price of $9.2.
• Watson also acquired 2,000 shares of common stock through LegalZoom's 2021 Employee Stock Purchase Plan on the same date.
• Following these transactions, Watson beneficially owns 1,841,613 shares of LegalZoom common stock.

Sentiment

Score: 5

Explanation: This is a routine filing related to stock transactions, with no indication of positive or negative sentiment.

Positives

• The acquisition of shares through the Employee Stock Purchase Plan demonstrates the CFO's investment in the company's future.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates

Keywords

Form 4, LegalZoom, LZ, Noel Bertram Watson, CFO, Stock, Beneficial Ownership, Employee Stock Purchase Plan, Tax Withholding