SEC Filing Analysis: LEGALZOOM.COM, INC.

Executive Summary

• Trading Significance: High
• Key Takeaway: BlackRock, Inc. reports a significant 10.1% passive ownership stake in LegalZoom.
• Market Impact: Neutral to Bullish (High institutional confidence).

Company Information

Field	Value
Company	LEGALZOOM.COM, INC.
CIK	0001286139
Industry	Services - Computer Processing & Data Preparation

Insider Information

Field	Value
Name	BlackRock, Inc.
CIK	0002012383
Relationship	Beneficial Owner (>10%)

Transaction Details

Field	Value
Form Type	SCHEDULE 13G/A
Filing Date	2026/03/04
Security Type	Common Stock
Shares Owned After	17,524,990
Ownership %	10.1%
Ownership Type	Direct/Indirect (via subsidiaries)

Financial Impact Assessment

Transaction Materiality

Metric	Value
Shares Owned	17,524,990
% of Shares Outstanding	10.1%
Materiality Assessment	Highly Significant

Impact Evaluation

• Ownership Concentration: BlackRock holds a controlling-level stake of 10.1%, making them one of the company's largest shareholders.
• Transaction Significance: The 10.1% ownership threshold is a critical level of institutional support. While Schedule 13G indicates a passive stance (no intent to change control), such a large position reduces the float available to other investors.

Market Impact Analysis

Stock Impact Prediction

• Direction: Neutral/Positive
• Reasoning: Continued high ownership (10.1%) by the world's largest asset manager validates the long-term investment thesis for LegalZoom, though this is an amendment and may not represent net new buying.

Volume & Sentiment

• Expected Volume Impact: Low (Reporting existing holdings)
• Sentiment Indicator: Bullish (Strong Institutional Support)

Investment Insights

Positive Market Indicators

• Ownership exceeds the 10% threshold, indicating high conviction.
• Sole voting power over 17.3 million shares suggests strong influence on governance if exercised.

Key Takeaways

1. BlackRock controls over 10% of LegalZoom's outstanding equity.
2. The filing is a Schedule 13G/A, confirming the investment remains passive in nature.
3. The position is held across multiple BlackRock subsidiaries, including BlackRock Fund Advisors and BlackRock Institutional Trust Company.

Additional Context

Transaction Notes

• Subsidiaries: The holdings are aggregated across various BlackRock business units (e.g., BlackRock Advisors, LLC; BlackRock Fund Advisors).
• Voting Power: BlackRock has sole voting power for 17,332,529 of the 17,524,990 shares held, retaining significant sway in shareholder votes.