Form 4: CS Disco Director Robert Goodman Awarded 41,096 RSUs

Director Robert P. Goodman received a grant of 41,096 restricted stock units as part of his compensation, with rights assigned to Deer Management Co, LLC.

Summary

• Robert P. Goodman, a Director at CS Disco, Inc., was granted 41,096 Restricted Stock Units (RSUs) on June 10, 2026.
• The RSUs are scheduled to vest in four equal quarterly installments starting from the grant date.
• Full vesting will occur by the day immediately preceding the company's 2027 annual meeting of stockholders, provided service continues.
• Goodman has assigned all rights to the shares or proceeds from this grant to Deer Management Co, LLC.
• Following the transaction, Goodman directly owns 69,132 shares of common stock.
• Goodman maintains significant indirect ownership of 1,038,475 shares through NB Group, LLC, plus additional holdings in other entities.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive administrative event, confirming the continued engagement of an experienced director with significant skin in the game.

Positives

• Director compensation is aligned with shareholder interests through equity-based grants.
• The reporting person maintains a very high level of indirect beneficial ownership, exceeding 1 million shares, suggesting long-term commitment.
• Vesting schedule encourages continued service on the Board of Directors through at least mid-2027.

Negatives

• The assignment of share rights to Deer Management Co, LLC may decouple the individual director's personal financial outcome from direct share price performance.

Risks

• Vesting is contingent upon continuous service; a premature departure from the board would result in the forfeiture of unvested units.
• The ultimate value of the compensation is subject to market volatility and the future trading price of LAW common stock.

Future Outlook

The director is expected to remain with the company through the 2027 annual meeting to achieve full vesting of the newly granted equity units.

Management Comments

• The Reporting Person has agreed to assign to Deer Management Co, LLC the right to any shares issuable pursuant to this grant or any proceeds from the sale thereof.

Industry Context

StockSavvy.ai notes that equity-heavy compensation for directors is a standard practice in the software-as-a-service (SaaS) and legal technology sectors to preserve cash while aligning board members with long-term growth.

Comparison to Industry Standards

• The grant size of approximately 41,000 units is consistent with mid-cap technology company board compensation packages.
• Quarterly vesting is a common standard for director RSUs to ensure incremental alignment throughout the fiscal year.
• The use of indirect holding vehicles like LLCs for large blocks of shares is typical for venture capital-affiliated directors.

Corporate Governance

Related Party Transactions

• Assignment of RSU rights and proceeds to Deer Management Co, LLC.
• Control of shares through NB Group, LLC, Katama Point LLC, and Cracktuxet II, LLC.

Stakeholder Impact

• Shareholders: Minimal dilution from the grant, offset by the retention of an experienced board member.
• Management: Ensures continuity of board oversight.

Next Steps

• First quarterly vesting installment expected in September 2026.
• Full vesting completion by the 2027 Annual Meeting of Stockholders.

Key Dates

Recommendation

This filing is a routine disclosure of director compensation and does not provide new material information regarding the company's operational performance or financial health that would warrant a change in investment thesis.

Keywords

CS Disco, LAW, Robert Goodman, Insider Trading, Form 4, Restricted Stock Units, Director Compensation, Legal Tech, Equity Grant