Form 4: CS Disco EVP Lafair Disposes of Shares to Cover Tax Liability
SEC Form 4
Michael Lafair, EVP and CFO of CS Disco, Inc., disposed of 1,639 shares of common stock on March 31, 2024, to cover tax obligations related to a vesting restricted stock award.
Summary
- On March 31, 2024, Michael Lafair, the EVP and Chief Financial Officer of CS Disco, Inc. (LAW), 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 at a price of $8.13 per share.
- Following the transaction, Lafair directly owns 823,067 shares of CS Disco, Inc.
- The transaction was reported on April 2, 2024.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, not indicative of positive or negative sentiment towards the company's prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to vesting equity awards.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of transaction: Lafair disposed of shares to cover tax liability. |
| 04/02/2024 | Date of report: Form 4 filing date. |
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