Form 4: LegalZoom Executive Shrisha Radhakrishna Reports Stock Transactions
SEC Form 4 Filing
LegalZoom's Chief Product Officer and CTO, Shrisha Radhakrishna, reports acquisition of restricted stock units and disposal of common stock.
Summary
- On July 9, 2024, Shrisha Radhakrishna, Chief Product Officer and CTO of LegalZoom.com, Inc. [LZ], acquired 191,082 restricted stock units (RSUs).
- These RSUs represent a contingent right to receive one share of LegalZoom's common stock each.
- The RSUs will vest in two substantially equal annual installments on July 9, 2025, and July 9, 2026, contingent upon continued service with LegalZoom.
- Radhakrishna also disposed of 1,140,313 shares of common stock.
- Following these transactions, Radhakrishna beneficially owns 1,140,313 shares, including 817,830 RSUs payable in an equivalent number of shares.
Sentiment
Score: 5
Explanation: This is a routine filing of stock transactions by an executive, with no inherently positive or negative implications.
Future Outlook
The vesting of the RSUs is contingent upon the Reporting Person's continued service with the Issuer on each vesting date.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 07/09/2024 | Date of transaction: acquisition of RSUs and disposal of common stock. |
| 07/09/2025 | First vesting date for RSUs. |
| 07/09/2026 | Second vesting date for RSUs. |
| 07/10/2024 | Date of filing. |
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