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

Michael Lafair, CFO of CS Disco, sold shares to cover taxes and fees related to the release and settlement of Restricted Stock Units (RSUs) and the vesting of a time-based restricted stock award.

Summary

• On February 28, 2024, Michael Lafair, the EVP and Chief Financial Officer of CS Disco, sold 8,614 shares of common stock at a price of $6.82 per share to cover taxes and fees due upon the release and settlement of RSUs.
• On February 29, 2024, 1,639 shares were withheld by the issuer to cover the tax liability upon the vesting of a time-based restricted stock award.
• Following these transactions, Lafair beneficially owns 824,706 shares of CS Disco common stock.

Sentiment

Score: 5

Explanation: The document reflects routine transactions related to executive compensation and tax obligations, with no indication of positive or negative sentiment regarding the company's performance or future prospects.

Industry Context

Form 4 filings are routine disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and can be monitored by investors for insights into management's perspective on the company's value and prospects.

Key Dates