Jeffrey Stibel’s $769,000 purchase at $6.15 per share marks his first open-market buy amid a 35.2% year-over-year stock decline.
LegalZoom.com (NASDAQ:LZ) CEO Jeffrey Stibel purchased 125,000 shares for approximately $769,000 on May 11, 2026, according to an SEC filing. The transaction was executed at a weighted average price of $6.15, slightly above the stock’s $6.10 closing price that day.
This is Stibel’s first reported open-market buy in the past year, following a 68.19% reduction in his aggregate holdings since May 2025. LegalZoom shares have fallen 35.2% year-over-year as of the transaction date, contrasting with prior administrative filings that lacked economic intent.
The purchase raises direct holdings to 2,955,609 shares, while indirect holdings remain at 6,461,127 shares, maintaining a split in control structure. The move suggests a potential shift in Stibel’s approach to equity exposure amid the stock’s decline.