This is a routine insider sale tied to RSU vesting, not a signal of deteriorating business conditions. With the CFO's intent to sell ~0.01% of the company, traders should not read bearish intent. The model's prior negative P&L on LZ analyses suggests caution in directionality; monitor next earnings for any guidance changes.
Price Chart
Executive Summary
LegalZoom CFO Nicole Miller filed a Form 144 to sell 19,199 shares (approx. $126K, or ~0.01% of market cap) from the vesting of restricted stock units. The planned sale is small relative to market cap, with no unusual insider activity otherwise in the last 30 days. Given the small size, routine nature, and past model misses on LZ, the filing is benign.
Key Facts
- Form 144 filed by CFO Nicole Miller for 19,199 shares of common stock
- Estimated dollar value of proposed sale: $126,329.42
- Shares relate to restricted stock vesting on 05/15/2026 (issuer transaction)
- Plan includes a prior sale of 23,325 shares on 02/26/2026 at ~$154,645
- Proposed sale date is 05/19/2026 on NASDAQ
- Market cap is ~$1.1B; proposed sale represents ~0.01% of market cap
- No other insider trades in the last 30 days besides one purchase of ~$769K
Financial Impact
Proposed sale of $126K in shares out of a $1.1B market cap. Immaterial.
Risk Factors
- If the CFO unexpectedly increases the sale size or sells more rapidly via a 10b5-1 plan, that could indicate hidden concern
- The filing is only a notice of intent — the actual sale may or may not occur; follow-up Form 4 would confirm
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001959173-26-003747 |
| Document: 0001959173-26-003747-index.html | 0001959173-26-003747 |
| Document: 0001959173-26-003747.txt | 0001959173-26-003747 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 6d ago | Press Release | $6.60 | awaiting T+60 | — | $6.84 (+3.71%) |
Aug 21, 2026 9w ago | Insider Cluster | $6.00 | awaiting T+60 | — | $6.84 (+14.08%) |
Jul 15, 2026 14w ago | Press Release | $7.80 $5.93 | ▼ −24.04% | ▼ −26.57% | $6.84 (−12.24%) |
May 19, 2026 22w ago | Insider Cluster | $6.43 $5.62 | ▼ −12.60% | ▼ −17.60% | $6.84 (+6.45%) |
May 19, 2026 23w ago | 144 | $6.37 $5.80 | ▼ −8.95% | ▼ −15.24% | $6.84 (+7.46%) |
May 6, 2026 24w ago | Press Release | $6.07 $8.25 | ▲ +35.91% | ▲ +32.08% | $6.84 (+12.77%) |
Apr 22, 2026 26w ago | DEFA14A | $6.25 $7.70 | ▲ +23.20% | ▲ +18.18% | $6.84 (+9.52%) |
US Market Status
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