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

CS Disco's EVP and CFO, Michael Lafair, had 1,639 shares withheld by the company to cover tax obligations related to a restricted stock award vesting.

Summary

• Michael Lafair, Executive Vice President and Chief Financial Officer of CS Disco, Inc. (LAW), reported a transaction involving company common stock.
• On October 31, 2025, 1,639 shares of common stock were disposed of at a price of $6.32 per share.
• This disposition was not a discretionary sale but rather shares withheld by the Issuer to cover tax liability upon the vesting of a time-based restricted stock award.
• Following this transaction, Michael Lafair beneficially owns 817,806 shares of CS Disco, Inc. common stock directly.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary insider transaction (tax withholding upon restricted stock vesting) which is neutral in sentiment and does not indicate positive or negative company performance.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing reports a routine insider transaction related to executive compensation and tax obligations, which is a common occurrence across all publicly traded companies and does not reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes and not a sale initiated by the insider.

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary transaction where shares were withheld for tax purposes upon the vesting of a restricted stock award. It does not provide new information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is maintained, pending further substantive company announcements.

Keywords

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