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 August 31, 2024, to cover tax obligations related to a vesting restricted stock award.

Summary

• On August 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 796,380 shares of CS Disco common stock.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of a stock transaction related to tax obligations, which is neither particularly positive nor negative. It's a neutral event in terms of investment sentiment.

Management Comments

• These shares were withheld by the Issuer to cover the tax liability upon the vesting of a time-based restricted stock award previously granted, and does not represent a discretionary sale by the reporting person.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine disposal of shares to cover tax obligations.

Key Dates