Form 4: CS Disco CFO's Tax-Related Stock Disposition

CS Disco's EVP and CFO, Michael Lafair, reported a disposition of 1,639 common shares to cover tax liabilities from a restricted stock award vesting.

Summary

• Michael Lafair, Executive Vice President and Chief Financial Officer of CS Disco, Inc. (LAW), reported a transaction on December 31, 2025.
• The transaction involved the disposition of 1,639 shares of CS Disco common stock.
• These shares were withheld by the Issuer to cover the tax liability upon the vesting of a time-based restricted stock award previously granted.
• The disposition was not a discretionary sale by Mr. Lafair.
• The shares were valued at $7.76 per share for the purpose of this transaction.
• Following this reported transaction, Mr. Lafair beneficially owns 799,314 shares of CS Disco common stock.

Sentiment

Score: 6

Explanation: The filing reports a routine, non-discretionary disposition of shares for tax withholding purposes related to the vesting of a restricted stock award, which is a standard compensation event for executives. This is generally a neutral event, with the underlying vesting being a positive for the executive.

Positives

• The vesting of a time-based restricted stock award indicates the executive met performance or tenure requirements, reflecting a positive outcome for the executive's compensation.

Future Outlook

NA

Management Comments

• The reported disposition of shares was for tax liability upon the vesting of a time-based restricted stock award and was not a discretionary sale by the reporting person.

Industry Context

NA

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine tax-related transaction, not a discretionary sale indicating a change in insider sentiment.
• Employees: No direct impact from this specific transaction.

Key Dates

Recommendation

This Form 4 reports a routine, non-discretionary disposition of shares by the CFO for tax withholding purposes upon the vesting of a restricted stock award. Such transactions are common and do not typically signal a change in the company's fundamentals or the insider's confidence, thus warranting a 'hold' recommendation based solely on this filing.

Keywords

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