Jeffrey M. Stibel - 07 Jun 2022 Form 4 Insider Report for LEGALZOOM.COM, INC. (LZ)

Role
Director
Signature
Nicole Miller, Attorney-in-Fact for Jeffrey M. Stibel
Issuer symbol
LZ
Transactions as of
07 Jun 2022
Transactions value $
$0
Form type
4
Date filed
09 Jun 2022, 18:08
Previous filing
29 Jun 2021
Next filing
10 Jul 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LZ Common Stock Other $0 -10.8M -100% $0.00* 0 07 Jun 2022 By BSG and Fund I F1, F2, F3
transaction LZ Common Stock Other $0 +46K +81.49% $0.00 102K 07 Jun 2022 Direct F2
transaction LZ Common Stock Other $0 +294K $0.00 294K 07 Jun 2022 By Escondido Children's Trust F1, F2, F4
transaction LZ Common Stock Other $0 +538K $0.00 538K 07 Jun 2022 By Travron Trust F1, F2, F4
transaction LZ Common Stock Other $0 +2.81M $0.00 2.81M 07 Jun 2022 By CES 2020 Trust F1, F4
transaction LZ Common Stock Other $0 +2.81M $0.00 2.81M 07 Jun 2022 By JMS 2020 Trust F1, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding LZ Stock Option (Right to Buy) 13.6K 07 Jun 2022 Common Stock 13.6K $0.34 By Fund I F3, F4, F5
holding LZ Stock Option (Right to Buy) 62.1K 07 Jun 2022 Common Stock 62.1K $0.34 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares were distributed to members of Bryant Stibel Growth, LLC ("BSG") and not purchased or sold. On June 7, 2022, BSG initiated an in-kind distribution, without any additional consideration, of 10,629,008 shares of LegalZoom.com, Inc. ("LZ") common stock to its members, which ultimately resulted in 284,326 shares distributed to Escondido Children's Trust, 532,779 shares distributed to Travron Trust, 2,807,719 shares distributed to CES 2020 Trust, and 2,807,719 shares distributed to JMS 2020 Trust, and the remaining shares were distributed to its other members. The Reporting Person disclaims beneficial ownership of securities held by Escondido Children's Trust, Travron Trust, and CES 2020 Trust, 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.
F2 Shares were distributed to members of Bryant Stibel Fund I, LLC ("Fund I") and not purchased or sold. On June 7, 2022, Fund I initiated an in-kind distribution, without any additional consideration, of 210,524 shares of LZ common stock to its members, which ultimately resulted in 45,997 shares distributed to the Reporting Person, 10,000 shares distributed to Escondido Children's Trust, and 5,000 shares distributed to Travron Trust, and the remaining shares were distributed to its other members. The Reporting Person disclaims beneficial ownership of securities held by Escondido Children's Trust and Travron Trust, 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.
F3 Due to administrative error, the Form 3 filed by the Reporting Person on June 29, 2021 mistakenly reported 13,584 stock options held by Fund I in Table I. The Reporting Person is the manager of Carbon Investments, LLC, which is a co-manager of Fund I.
F4 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.
F5 The options in this row are fully vested.

Remarks:

Exhibit 24 Power of Attorney