---
schema_version: "secwatch.filing_event.v1"
accession: "0001286139-23-000124"
form_type: "8-K"
ticker: "LZ"
cik: "0001286139"
company_name: "LEGALZOOM.COM, INC."
filed_at: "2023-10-17T23:59:59+00:00"
generated_at: "2026-06-09T22:26:41.587229+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# LegalZoom subsidiary sells Austin office property for $41M; 6-month leaseback

## Summary
- Sale price of $41M cash for 9900 Spectrum Drive, Austin, TX; Seller retains partial use via 6-month leaseback.
- Buyer deposits $835K earnest money within 5 business days; forfeited as liquidated damages if buyer defaults.
- Buyer has due diligence period until Nov 22, 2023; failure to approve terminates deal with earnest money returned.
- Closing expected 30 days after buyer's approval notice, subject to customary conditions and extensions.
- Agreement includes standard reps, warranties, indemnification; full text to be filed in Q3 2023 10-Q.

## SEC filing metadata
- accession: 0001286139-23-000124
- form_type: 8-K
- ticker: LZ
- cik: 0001286139
- company_name: LEGALZOOM.COM, INC.
- filed_at: 2023-10-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1286139/000128613923000124/0001286139-23-000124-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1286139/000128613923000124/lz-20231011.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001286139-23-000124
- JSON: https://secwatch.observer/filing/0001286139-23-000124.json
- Plain text: https://secwatch.observer/filing/0001286139-23-000124.txt

## Key facts
- Material Agreements
  LEGALZOOM.COM, INC. entered into Agreement with Trinity Foundation RE Venture, LLC valued at $41,000,000 (effective 2023-10-11).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Trinity Foundation RE Venture, LLC
  - Value: $41,000,000
  - Effective: 2023-10-11
  source text: On October 11, 2023 (the “Effective Date”), LegalZoom.com, Inc.’s (“LegalZoom”) wholly owned subsidiary, 9900 Spectrum LLC, a Texas limited liability company (“Seller”), entered into a purchase agreement (the “Agreement”) with Trinity Foundation RE Venture, LLC (the “Buyer”) to sell on an “as is” basis Seller’s improved real property located at 9900 Spectrum Drive, Austin, Texas 78717 (the “Property”) for $41,000,000 in cash (the “Purchase Price”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1286139/000128613923000124/0001286139-23-000124-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.