LegalZoom Announces Increase to its Existing Share Repurchase Authorization

May 22, 2024

https://www.globenewswire.com/news-release/2024/05/22/2886561/0/en/LegalZoom-Announces-Increase-to-its-Existing-Share-Repurchase-Authorization.html

MOUNTAIN VIEW, Calif., May 22, 2024 (GLOBE NEWSWIRE) — LegalZoom.com, Inc. (Nasdaq:LZ), the No. 1 choice in online small business formations, today announced that its Board of Directors has authorized an increase of $75 million to the Company’s existing stock repurchase program, bringing the aggregate amount authorized to $175 million. As of May 21, 2024, the Company has repurchased approximately 5.9 million shares of its common stock under the program at an average price of $10.10 per share for approximately $59 million, leaving approximately $116 million available under the repurchase authorization.

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