LZ LEGALZOOM.COM, INC.

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 4/4 quarters. Q3 2025: $26M, Q2 2025: $124M, Q1 2025: $13M, Q3 2024: $45M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $26M vs trailing avg $61M (-58%)

What percentage of free cash flow is going to buybacks? Bull: 30-80%. Bear: <10% or >80%.

Negative FCF ($-177M), cannot compute buyback ratio

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 35,200,000 shares = 20.3% of 173,619,000 outstanding (annualized)

Are officers and directors buying stock with their own money on the open market?

No insider open-market purchases in the last 12 months

Are insider purchases happening during the same quarters the company is actively buying back stock?

Need both buyback and insider purchase data

Looking at all open-market transactions, are insiders net buyers or net sellers?

Insiders bought $0M, sold $2M (net selling)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 1822161.8x more than bought. 2 C-suite officers among sellers

• Miller Nicole (CHIEF LEGAL OFFICER) sold 23,325 shares on 2026-02-26
• Watson Noel Bertram (Chief Operating Officer & CFO) sold 15,000 shares on 2026-02-18
• Miller Nicole (CHIEF LEGAL OFFICER) sold 23,506 shares on 2025-11-18
• Watson Noel Bertram (Chief Operating Officer & CFO) sold 15,000 shares on 2025-11-18
• Watson Noel Bertram (Chief Operating Officer & CFO) sold 18,136 shares on 2025-08-22
• Watson Noel Bertram (Chief Operating Officer & CFO) sold 27,319 shares on 2025-08-25
• Watson Noel Bertram (Chief Operating Officer & CFO) sold 15,000 shares on 2025-08-18
• Miller Nicole (CHIEF LEGAL OFFICER) sold 25,154 shares on 2025-08-19