LZ Technology shares surge 23.71% intraday after principal shareholders extend lock-up to 2026, signaling reduced near-term selling pressure.

LZ Technology (NASDAQ:LZMH) surged 23.71% intraday following the announcement that principal shareholders extended their lock-up period to 2026. This move, reported by multiple outlets including MSN and Yahoo Finance, likely alleviated short-term selling pressure by restricting insider share sales, potentially stabilizing investor confidence. The extension, first disclosed on August 14, 2025, appears to have gained renewed attention or follow-up.