Form 4: CS Disco CFO Michael Lafair Reports Routine Tax-Related Stock Disposition

CS Disco, Inc.'s EVP and Chief Financial Officer, Michael Lafair, reported the disposition of 1,639 shares of common stock, withheld by the issuer to cover tax liabilities upon the vesting of a restricted stock award.

Summary

• Michael Lafair, the Executive Vice President and Chief Financial Officer of CS Disco, Inc. (LAW), reported a transaction on June 30, 2025.
• The transaction involved the disposition of 1,639 shares of CS Disco common stock.
• The shares were disposed of at a price of $4.37 per share.
• This disposition was a non-discretionary event, as the shares were withheld by CS Disco, Inc. to cover the tax liability upon the vesting of a time-based restricted stock award previously granted to Mr. Lafair.
• Following this reported transaction, Michael Lafair beneficially owns 838,456 shares of CS Disco common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While it involves a disposition of shares, the explicit clarification that it was a non-discretionary tax withholding, rather than a sale, prevents negative speculation and indicates a routine compensation event.

Positives

• The disposition of shares was explicitly stated as not being a discretionary sale by the reporting person, but rather a mandatory withholding by the issuer to cover tax liabilities upon the vesting of a restricted stock award. This clarifies that the transaction does not reflect a lack of confidence from the insider.

Negatives

• The transaction resulted in a reduction of 1,639 shares from the reporting person's direct beneficial ownership.

Future Outlook

This Form 4 filing is a historical report of an insider transaction and does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• Shares were withheld by the Issuer to cover the tax liability upon the vesting of a time-based restricted stock award previously granted, and does not represent a discretionary sale by the reporting person.

Industry Context

The disposition of shares by an executive to cover tax liabilities upon the vesting of restricted stock awards is a common and routine practice across various industries for executive compensation, reflecting standard compensation and tax management procedures.

Related Party Transactions

• The transaction involves an officer of CS Disco, Inc. (Michael Lafair) and the company itself, where shares were withheld by the Issuer to cover tax liabilities related to executive compensation.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes, not indicative of a change in insider confidence.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Key Dates

Keywords

CS Disco, LAW, Form 4, SEC filing, insider transaction, stock disposition, tax withholding, restricted stock award, Michael Lafair, CFO