Jeffrey M. Stibel, Chief Executive Officer of LegalZoom.com (NASDAQ:LZ), reported an open-market purchase of 125,000 shares, valued at approximately ~$769,000, according to a SEC Form 4 filing dated May 11, 2026.
Transaction summary
Metric | Value |
|---|---|
Shares traded | 125,000 |
Transaction value | ~$769,000 |
Post-transaction shares (direct) | 2,955,609 |
Post-transaction value (direct ownership) | ~$18.18 million |
Transaction and post-transaction values based on SEC Form 4 weighted average purchase price ($6.15).
Key questions
How does this purchase compare to Stibel’s historical trading activity?
This is Stibel’s only reported open-market buy in the past year, following a series of 12 administrative (non-economic) filings and a 68.19% decrease in aggregate holdings since May 2025.What was the market context for this transaction?
The purchase was executed at a weighted average price of $6.15 per share, slightly above the May 11, 2026 market close of $6.10, with LegalZoom.com shares down 35.2% year-over-year as of the transaction date.What is the impact on Stibel’s ownership structure?
The transaction increased direct holdings to 2,955,609 shares, while indirect holdings — primarily through entities such as Bryant-Stibel Fund I LLC and several trusts — remain at 6,461,127 shares, maintaining a split between direct and indirect control.Does this activity indicate a change in sentiment or capacity?
Given the lack of prior buy or sell trades and the large prior reduction in holdings, this purchase reflects both available capacity and a potential inflection point in Stibel’s approach to LegalZoom.com equity exposure.
Company overview
Metric | Value |
|---|---|
Price (as of market close May 11, 2026) | $6.15 |
Market capitalization | $1.03 billion |
Revenue (TTM) | $756.04 million |
Net income (TTM) | $15.43 million |
* 1-year performance is calculated using May 11, 2026 as the reference date.
Company snapshot
LegalZoom.com offers an online platform for legal and compliance solutions, including business formations, estate planning, intellectual property protection, attorney access, and tax and bookkeeping services.
The company serves small businesses and individual consumers seeking accessible, affordable legal and compliance solutions.
LegalZoom.com operates at scale as a leading provider of online legal and compliance services, leveraging technology to streamline access to essential business and personal legal solutions.
The company’s strategy centers on simplifying complex legal processes and expanding its digital platform to capture demand from small businesses and individuals. LegalZoom.com’s competitive edge lies in its broad service portfolio, established brand, and ability to deliver cost-effective legal support nationwide.
