Form 4: CS Disco Director Thomas Bogan Acquires 71,090 Shares of Common Stock

Director Thomas Bogan acquired 71,090 shares of CS Disco, Inc. common stock through a restricted stock unit (RSU) award that vests quarterly over 12 quarters.

Summary

• On March 13, 2025, Thomas F. Bogan, a director of CS Disco, Inc. (LAW), acquired 71,090 shares of common stock.
• The acquisition was in the form of a restricted stock unit (RSU) award.
• Each RSU represents a contingent right to receive one share of CS Disco's common stock.
• The RSUs vest in 12 equal quarterly installments starting from March 13, 2025, contingent upon Bogan's continuous service to the issuer through each vesting date.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction (RSU grant) for a director, indicating alignment of interests but not necessarily a strong positive or negative signal.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Future Outlook

The RSUs will continue to vest in equal quarterly installments over the next 12 quarters, contingent on the director's continuous service.

Industry Context

This is a standard practice for compensating and incentivizing directors and key employees in publicly traded companies. RSU grants are common in the tech industry to align the interests of management with those of shareholders.

Comparison to Industry Standards

• RSU grants are a typical form of equity compensation for directors in publicly traded companies, particularly in the technology sector.
• Vesting schedules of 3-4 years with quarterly or annual installments are common.
• The size of the grant (71,090 shares) would need to be compared to grants given to directors at comparable companies to assess its relative value.

Stakeholder Impact

• The RSU grant aligns the director's interests with those of shareholders, incentivizing them to work towards increasing the company's value.

Key Dates