Form 4: CS Disco CEO Eric Friedrichsen Reports Stock Transactions
SEC Form 4 Filing
CEO Eric Friedrichsen reports acquisition of shares through restricted stock units and employee stock purchase plan, and disposition of shares.
Summary
- Eric Friedrichsen, CEO of CS Disco, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On February 18, 2025, Friedrichsen acquired 229,841 shares of common stock through a restricted stock unit (RSU) award.
- These RSUs vest in 16 equal quarterly installments starting August 16, 2025, contingent upon continuous service.
- Friedrichsen also acquired 750 shares through the 2021 Employee Stock Purchase Plan (ESPP) at a price equal to 85% of the closing price on January 31, 2025.
- The report indicates that Friedrichsen beneficially owns 1,254,371 shares following the reported transactions.
Sentiment
Score: 6
Explanation: Neutral sentiment. The document is a standard SEC filing detailing stock transactions. The acquisition of shares by the CEO could be interpreted as a positive signal, but it's a routine part of executive compensation.
Positives
- The acquisition of shares by the CEO through RSUs and the ESPP could be seen as a positive sign, indicating confidence in the company's future.
Future Outlook
The RSUs will continue to vest in equal quarterly installments, subject to the Reporting Person's continuous service to the Issuer through each vesting date.
Industry Context
Form 4 filings are standard practice for company insiders and provide transparency into their trading activities. This filing indicates the CEO's ongoing investment in the company.
Stakeholder Impact
- Shareholders may view the CEO's stock acquisitions as a positive sign of confidence in the company's future.
Key Dates
| Date | Description |
|---|---|
| August 1, 2024 | Start of the Employee Stock Purchase Plan (ESPP) purchase period. |
| January 31, 2025 | End of the Employee Stock Purchase Plan (ESPP) purchase period; shares purchased at 85% of closing price on this date. |
| February 18, 2025 | Date of RSU award and stock transactions. |
| February 19, 2025 | Date of Form 4 signature. |
| August 16, 2025 | First vest date for the RSU award. |
Keywords
Form 4, beneficial ownership, CS Disco, Eric Friedrichsen, RSU, ESPP, stock, securities
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