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LEGALZOOM.COM, INC.

For the period ended Jun 3, 2025. Filed Apr 22, 2025.

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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.

Jun 3, 2025 · Filed Apr 22, 2025

LZ$5.24-12.1%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

SCHEDULE 14A

PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE

SECURITIES EXCHANGE ACT OF 1934

(Amendment No. )

Filed by the Registrant ☒

Filed by a party other than the Registrant ☐

Check the appropriate box:

☐Preliminary Proxy Statement
☐Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
☒Definitive Proxy Statement
☐Definitive Additional Materials
☐Soliciting Material under §240.14a-12

LegalZoom.com, Inc.

(Name of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check all boxes that apply):

☒No fee required
☐Fee paid previously with preliminary materials.
☐Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11.

Letter From Our CEO

Fellow Stockholders,

This is an exciting time for us at LegalZoom. We recently marked our 24 th year in business and continue to be a leading online platform for legal services. Since its founding, LegalZoom has helped our business and consumer customers with over nine million legal milestones. We were the first public company in the United States to open a law firm and we have an established nationwide network of over 1,000 independent attorneys who can support our customers. We have more than 1.8 million active subscriptions of legal, compliance, and small business management solutions.1

However, 2024 was a challenging year for the company. Our performance did not meet our expectations. As a result, we made significant changes in the business that we believe have set us on a trajectory for growth, greater predictability and continued profitability. As part of these changes, we announced a leadership transition in July 2024 where I expanded my role as Chair of the Board to also become Chief Executive Officer.

The team took swift action in the back half of the year. Qualitatively, we narrowed our focus back to LegalZoom’s heritage as a trusted guardian of legal and compliance solutions. We took control of our brand leadership, began pricing for the value we provide, and refocused our efforts on recurring revenue. Notably, our team successfully navigated this shift in execution priorities while delivering interim wins that we can build upon:

●In-line with our focus on optimizing our subscription business:
○Without removing our free formation offering, we shifted over 10% of customers to our higher value formation SKUs in Q4, which also emphasized our subscription offerings; and
○We returned the entry point pricing of a key compliance subscription, Registered Agent, to historical price levels, with minimal changes in attach rates.
●As part of our efforts to reorient our go-to-market strategy:
○The team presciently acknowledged the opportunity to re-commercialize Beneficial Ownership Information reports away from one-time transactions and began a pivot toward subscription compliance solutions; and
○With the enhanced focus on our core strengths in legal and compliance products and a shift away from building in-house Tax solutions, we launched a partnership with 1-800Accountant, allowing us to continue serving the tax needs of our customers while improving margins and better allocating resources.
●As part of our focus area to leverage AI to deliver expertise:
○We quietly launched four AI tools that have assisted customers during friction points in advance of leveraging our attorney network and that we believe will drive efficiency within our business.

Importantly, we are committed to driving sustainable, profitable growth over the long-term. In 2024:

●We grew full-year net income margin by 230 basis points year-over-year to 4% and Adjusted EBITDA margin2 by 380 basis points year-over-year to 22%, supported by actions we took in the third quarter that drove approximately $25 million of annualized savings;
●We generated over $135 million in cash from operating activities and $100 million in free cash flow2, which accelerated in the back half of the year; and
●We returned a record $165 million to stockholders in the form of share repurchases, reducing our share count by approximately 10%.

I am proud of the foundation we are building and I am incredibly excited for what we can deliver in 2025. I state this despite the challenging economic environment that has already unfolded this year.

With most of our customers being small businesses, it feels appropriate to share how we see the economic environment on Main Street. Small businesses are currently faced with a backdrop where inflation continues to rise, the labor market is tight, regulations have become punitive in some markets, and the macroeconomic environment remains uncertain. For most entrepreneurs, their business is their livelihood, so success is synonymous with survival. When times get tough, small business owners often fare better by becoming more nimble, adapting, and hunkering down. In this environment, we are hearing from our customers that staying compliant with changing regulations and finding the right access to capital are the primary things that keep them up at night, in large part because these are things outside of their control.

We are carefully monitoring the situation for small businesses and will do what we can to help guard against problems or friction points around legal and compliance matters so our customers can focus on what they do best: building their business and driving America’s economy. Our goal is to support their success by creating long-term relationships, empowering them via personalized education and enhancing our platform with new services to provide them peace-of-mind.

Throughout the remainder of 2025, we will focus on core competencies that create levers we can control to navigate obstacles that we cannot otherwise influence. We remain firmly committed to delivering on our execution priorities, which are designed to drive long-term stability and predictability in our business, while also advancing our goal of sustainable margin expansion. At the same time, we continue to be supported by a strong balance sheet and cash position, with no debt outstanding,1 providing us with flexibility to execute against our capital allocation priorities.

My enthusiasm for the future is predicated on the strong foundation we are building, and the fact that we will learn from challenges, adapt, and ultimately thrive. That continues in 2025!

On behalf of our Board and team, we thank you for your support.

Jeff Stibel

Chair of the Board and Chief Executive Officer

1 As of December 31, 2024.

2 Adjusted EBITDA, Adjusted EBITDA margin and free cash flow arenon-GAAP measures. See Appendix A for a definition of these measures and a reconciliation to the most directly comparable measure computed in accordance with GAAP.

Notice of Annual Meeting of Stockholders

DATE AND TIME: Tuesday, June 3, 2025 9:00 a.m., Pacific TimeLOCATION: www.proxydocs.com/LZRECORD DATE: Thursday, April 10, 2025

To Our Stockholders:

We are pleased to invite you to attend the 2025 annual meeting of stockholders (the “Annual Meeting”) of LegalZoom.com, Inc. (the “Company”) on Tuesday, June 3, 2025 at 9:00 a.m., Pacific Time, online via live audio webcast by visitingwww.proxydocs.com/LZ. There is no physical location for the Annual Meeting.

Items of Business

At the Annual Meeting, stockholders will vote on the following matters:

1.To elect the two director nominees named in the proxy statement as Class I directors of the Company to serve for a three-year term and until their respective successors have been duly elected and qualified, or until his earlier death, resignation, removal, retirement or disqualification (Proposal 1);
2.To ratify the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2025 (Proposal 2);
3.To conduct an advisory vote on the compensation of the Company’s named executive officers (Proposal 3); and
4.To transact any other business that may be properly presented at the Annual Meeting or any adjournment or postponement thereof.

Record Date

Only stockholders as of the close of business on April 10, 2025 are entitled to notice of and to vote at the Annual Meeting or any adjournment or postponement thereof. A complete list of such stockholders will be available for examination by any stockholder for any purpose germane to the Annual Meeting beginning ten days prior to the meeting during ordinary business hours at our principal executive offices at 954 Villa Street, Mountain View, California 94041.

Proxy Voting

Your vote is very important to us. Whether or not you plan to attend the Annual Meeting virtually, we urge you to submit your proxy or voting instructions as soon as possible to ensure your shares are represented at the Annual Meeting. You may vote online or by phone, or, if you received paper copies of the proxy materials, by mail by following the instructions on the proxy card or voting instruction card. If you vote at the Annual Meeting, any previously submitted proxy or voting instructions will not be used.

Important Notice Regarding Internet Availability of Proxy Materials This Notice of Annual Meeting, the Proxy Statement and our 2024 Annual Report on Form 10-K are available at www.proxydocs.com/LZ. Copies of these proxy materials are also available on our website at https://investors.legalzoom.com.By Order of the Board of Directors, Nicole Miller Chief Legal Officer & Secretary Mountain View, CA April 22, 2025
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.