Form 4: LegalZoom Director Elizabeth Hamren Granted Over 22,000 Restricted Stock Units

LegalZoom.com, Inc. Director Elizabeth Hamren was granted 22,831 restricted stock units (RSUs) on June 3, 2025, increasing her beneficial ownership to 90,080 shares.

Summary

• Elizabeth Hamren, a Director of LegalZoom.com, Inc. (LZ), acquired 22,831 shares of Common Stock through a grant of Restricted Stock Units (RSUs).
• The transaction occurred on June 3, 2025, with the RSUs granted at a price of $0 per unit.
• Following this transaction, Ms. Hamren's total beneficial ownership of LegalZoom.com, Inc. Common Stock stands at 90,080 shares.
• The RSUs are set to vest in a single installment on the earlier of the day before the Issuer's next annual meeting of stockholders or the one-year anniversary of the award date, contingent upon Ms. Hamren's continued service to the Issuer.
• The RSUs are payable in an equivalent number of shares of the Issuer's common stock upon vesting.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as the transaction represents a standard equity grant to a director, aligning their interests with shareholders and indicating continued commitment to the company. It is not a direct financial performance indicator but reflects ongoing corporate governance and compensation practices.

Positives

• The grant of Restricted Stock Units to a director aligns management's interests with those of shareholders, as the value of the compensation is tied to the company's stock performance.
• Equity compensation is a standard practice for retaining and incentivizing key personnel, including directors.

Future Outlook

The granted Restricted Stock Units (RSUs) are scheduled to vest in a single installment on the earlier of the day before LegalZoom's next annual meeting of stockholders or the one-year anniversary of the award date, subject to the director's continued service.

Industry Context

The grant of Restricted Stock Units to a director is a common form of equity compensation across various industries, particularly in technology and growth-oriented companies, designed to align the interests of board members with long-term shareholder value creation.

Related Party Transactions

• The acquisition of 22,831 Restricted Stock Units by Elizabeth Hamren, a Director of LegalZoom.com, Inc., constitutes a related party transaction as it involves an equity grant from the company to an insider.

Stakeholder Impact

• Shareholders: The grant of RSUs to a director can be viewed positively as it aligns the director's financial interests with the long-term performance of the company's stock, potentially leading to more shareholder-centric decision-making.

Next Steps

• The vesting of the 22,831 Restricted Stock Units will occur on the earlier of the day before LegalZoom's next annual meeting of stockholders or the one-year anniversary of the award date, contingent on Elizabeth Hamren's continued service.

Key Dates

Keywords

LegalZoom, LZ, SEC Form 4, Insider Transaction, Restricted Stock Units, RSUs, Director Compensation, Equity Grant, Beneficial Ownership