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

Michael Lafair, EVP and CFO of CS Disco, Inc., sold 7,690 shares of common stock on May 17, 2024, to cover taxes and fees associated with the release and settlement of restricted stock units.

Summary

• On May 17, 2024, Michael Lafair, the EVP and Chief Financial Officer of CS Disco, Inc. (LAW), sold 7,690 shares of the company's common stock.
• The sale was executed to cover taxes and fees due upon the release and settlement of restricted stock units.
• The shares were sold at a weighted average price of $6.65, with individual transactions ranging from $6.65 to $6.70.
• Following the transaction, Lafair directly owns 813,738 shares of CS Disco, Inc.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock sale by an executive to cover tax obligations. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This sale appears to be related to tax obligations from equity compensation, which is a common occurrence.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates