X0306 4 2020-07-29 0 0001365038 LEAF GROUP LTD. LEAF 0001491495 Wergeles Adam F. 1655 26TH STREET SANTA MONICA CA 90404 0 1 0 0 EVP, Gen Counsel & Secretary Common Stock, $.0001 par value 2020-07-29 4 A 0 65000 0.00 A 194779 D The reporting person was granted 65,000 restricted stock units ("RSUs") in connection with the reporting person's continued employment with Leaf Group Ltd. ("LEAF"). Each RSUrepresents the right to receive one share of LEAF common stock upon vesting. Subject to the reporting person's continued employment through the vesting date, one-third (1/3) of theRSUs will vest on August 1, 2020, and the remaining two-thirds (2/3) of the RSUs will vest in 24 substantially equal installments on each monthly anniversary thereafter. Includes 142,085 unvested RSUs. /s/ Adam Wergeles 2020-07-31