LZ CFO Watson Noel Bertram sells 45,455 shares across 2 transactions for $502,597.78 ($11.03–$11.07 range); retains 1,676,426 shares post-sale.
Watson Noel Bertram, Chief Operating Officer & CFO, executed 2 separate sales totaling 45,455 shares for $502,597.78, reducing his holdings by 2.6%. The sales occurred on 2025-08-22 and 2025-08-25 at prices ($11.03 and $11.07) very close to the current price of $11.05 and well within the 52-week range of $6.27–$11.09. The company's latest quarter revenue is $192,509,000.00, and the stock has appreciated 21.7% over the prior 30 days and 16.4% over 90 days. Bertram's post-transaction holdings of 1,676,426 shares remain substantial relative to the $1.98B market cap, indicating material ongoing ownership alignment. The modest size of this sale (2.6% of pre-transaction holdings) in the context of near-peak pricing and recent strong momentum provides limited directional signal on management's confidence in the business.