Legalzoom COO & CFO Noel Watson sells $2.9m of LZ stock

Mountain View, CA – Noel Bertram Watson, the COO and CFO of LegalZoom.com, Inc. (LZ), sold approximately $2.9 million worth of company stock, according to a recent SEC Form 4 filing. Over two days in August 2026, Watson disposed of 500,000 shares of LegalZoom common stock, ranging from $5.835 to $5.91 per share. On August 20, Watson sold 416,371 shares at prices between $5.835 and $5.965 per share.

The next day, August 21, he sold an additional 83,629 shares at prices ranging from $5.80 to $5.88 per share. This insider sale comes amid a decline in LegalZoom shares by 41% year-to-date and a significant drop below its 52-week high of $12.40. Despite this weakness, InvestingPro analysis indicates that the stock is undervalued, and the company maintains a robust gross profit margin of 67%.

After these transactions, Watson directly owns 1,407,801 shares of LegalZoom common stock. Meanwhile, LegalZoom reported second-quarter earnings that exceeded expectations but fell short of revenue estimates, leading to mixed reactions from investors and analysts.