Form 4: CS Disco CFO Lafair Disposes of Shares to Cover Tax Obligations

Michael Lafair, CFO of CS Disco, Inc., disposed of 1,639 shares of common stock on June 30, 2024, to cover tax liabilities associated with vesting restricted stock.

Summary

• On June 30, 2024, Michael Lafair, the EVP and Chief Financial Officer of CS Disco, Inc. (LAW), disposed of 1,639 shares of common stock.
• The transaction was executed to cover tax liabilities arising from the vesting of a previously granted time-based restricted stock award.
• The shares were withheld by the issuer at a price of $5.96 per share.
• Following the transaction, Lafair directly owns 810,460 shares of CS Disco common stock.

Sentiment

Score: 5

Explanation: This is a neutral transaction related to tax obligations, not indicative of positive or negative sentiment towards the company's prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders, like the CFO, trade their company's stock. These filings provide transparency to the market regarding the transactions of company executives and directors.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine disposal to cover tax obligations.

Key Dates