Form 4: CS Disco EVP Lafair Disposes of Shares to Cover Tax Liability

Michael Lafair, EVP and CFO of CS Disco, disposed of 1,639 shares of common stock on October 31, 2024, to cover tax obligations related to a vesting restricted stock award.

Summary

• On October 31, 2024, Michael Lafair, the EVP and Chief Financial Officer of CS Disco, Inc., disposed of 1,639 shares of common stock.
• The transaction was executed to cover the tax liability associated with the vesting of a previously granted time-based restricted stock award.
• The shares were withheld by the issuer and do not represent a discretionary sale by Mr. Lafair.
• Following the transaction, Mr. Lafair beneficially owns 793,102 shares of CS Disco common stock.

Sentiment

Score: 5

Explanation: This is a routine transaction to cover tax obligations, so it's neutral from an investment perspective.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like executives and directors, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.

Key Dates