Form 4: CS Disco CFO Michael Lafair Sells Shares to Cover Taxes and Fees

Michael Lafair, CFO of CS Disco, sold 3,747 shares of common stock on February 26, 2025, to cover taxes and fees associated with the release and settlement of restricted stock units.

Summary

• On February 26, 2025, Michael Lafair, the EVP and Chief Financial Officer of CS Disco, Inc. (LAW), sold 3,747 shares of the company's common stock.
• The sale was executed at a price of $5.11 per share.
• The transaction was a mandatory sale to cover taxes and fees due upon the release and settlement of restricted stock units.
• Following the transaction, Lafair directly owns 862,046 shares of CS Disco common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the transaction is a routine sale to cover tax obligations, not necessarily indicative of the executive's view on the company's performance.

Management Comments

• The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes and fees.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and do not necessarily indicate a negative outlook on the company's future.

Stakeholder Impact

• The sale of shares by a company executive could be perceived negatively by some shareholders, although the explanation provided mitigates this concern.

Key Dates