Noel Bertram Watson - Feb 23, 2025 Form 4 Insider Report for LEGALZOOM.COM, INC. (LZ)

Role
Chief Operating Officer & CFO
Signature
/s/ Michelle Sparks, Attorney-in-Fact for Noel Bertram Watson
Stock symbol
LZ
Transactions as of
Feb 23, 2025
Transactions value $
$0
Form type
4
Date filed
2/25/2025, 06:58 PM
Previous filing
Feb 19, 2025
Next filing
Mar 19, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LZ Common Stock Options Exercise $0 +312K +19.7% $0.00 1.9M Feb 23, 2025 Direct F1

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
transaction LZ Performance Rights (November 2024) Options Exercise $0 -312K -18.75% $0.00 1.35M Feb 23, 2025 Common Stock 312K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents performance units for which the achievement of the first stock price target was certified by the Compensation Committee on February 23, 2025 based on the volume-weighted average closing price of the Issuer's common stock during a consecutive 30-day trading period. The performance units will vest on November 15, 2025, subject to the Reporting Person's continued employment with the Issuer through the vesting date.
F2 Each performance unit represents a contingent right to receive one share of the Issuer's common stock. The performance units may vest, if at all, between 75% and 400% of the target grant date value based on the Issuer's common stock achieving certain stock price targets during a 3-year performance period (subject to a 29-trading day extension in certain circumstances). Stock price targets will be achieved based on the volume weighted average closing price of the Issuer's common stock during a consecutive 30-day trading period.
F3 On November 19, 2024, the Reporting Person filed a Form 4 inadvertently reporting the number of performance units granted to the Reporting Person at the target amount rather than the maximum number of performance units that may be earned pursuant to the terms of such performance units. This inadvertent understatement of performance units has been corrected in this Form 4.