Form 4: CS Disco EVP Kevin Smith Sells Shares to Cover Taxes and Fees

CS Disco's EVP, Chief Product Officer Kevin Smith, sold 7,833 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, Kevin Joseph Smith, EVP, Chief Product Officer of CS Disco, Inc. sold 7,833 shares of common stock.
• The sale was executed to cover taxes and fees due upon the release and settlement of restricted stock units (RSUs).
• 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, Smith beneficially owns 287,106 shares of CS Disco common stock.
• Smith has granted a Power of Attorney to Jodie Bourdet, Trey Reilly, Charles York, Jason Minio, Michael Lafair, and Kristen Stanley to handle SEC filings on his behalf.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover taxes on RSU release). It doesn't indicate any significant positive or negative sentiment.

Industry Context

Sales of shares to cover taxes on RSU releases are a common practice among executives. This transaction is a routine part of executive compensation and tax management.

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