{
  "id": 2474505,
  "title": "Legalzoom COO & CFO Noel Watson sells $2.9m of LZ stock",
  "url": "https://urgent.news/2026/08/22/legalzoom-coo-cfo-noel-watson-sells-2-9m-of-lz-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-22T02:01:06.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/legalzoom-coo--cfo-noel-watson-sells-29m-of-lz-stock-93CH-4872269"
  },
  "original_language": "en",
  "account": "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.",
  "summary": null,
  "key_points": [
    "Noel Watson sold $2.9m of LZ stock in August 2026.",
    "Watson disposed of 500,000 shares at $5.835-$5.91 per share.",
    "LegalZoom shares declined 41% year-to-date despite undervalued stock."
  ],
  "editors_take": "The sale of $2.9 million worth of LegalZoom stock by the COO and CFO suggests a potential loss of confidence by a key insider, which may reinforce concerns among investors about the company's prospects.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Acm Research CFO Mark McKechnie sells $4.2m in stock",
        "url": "https://urgent.news/2026/08/22/acm-research-cfo-mark-mckechnie-sells-4-2m-in-stock",
        "published": "2026-08-22T02:01:08.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}