Form 4: LegalZoom Executive Shrisha Radhakrishna Reports Stock Transaction
SEC Form 4 Filing
Chief Product Officer and CTO of LegalZoom, Shrisha Radhakrishna, reports the automatic withholding of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On May 15, 2024, Shrisha Radhakrishna, Chief Product Officer and CTO of LegalZoom, had 40,112 shares of common stock disposed of to cover tax withholding obligations related to the vesting of restricted stock units (RSUs).
- The transaction was executed at a price of $9.49 per share.
- Following the transaction, Radhakrishna beneficially owns 949,231 shares, including 626,748 RSUs payable in common stock and 2,000 shares acquired through the Employee Stock Purchase Plan.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard stock transactions for tax purposes. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard tax-related stock disposals, which are common among executives receiving equity compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it is a routine tax-related disposal of shares.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of stock transaction (disposal of shares for tax withholding) and acquisition of shares through the Employee Stock Purchase Plan. |
| 05/17/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.