Form 4: CS Disco EVP Lafair Disposes of Shares to Cover Tax Obligations
SEC Form 4
Michael Lafair, EVP and CFO of CS Disco, Inc., disposed of 1,639 shares of common stock on April 30, 2024, to cover tax liabilities associated with a vesting restricted stock award.
Summary
- On April 30, 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 resulting from the vesting of a previously granted time-based restricted stock award.
- The shares were withheld by the issuer at a price of $7.55 per share.
- Following the transaction, Lafair beneficially owns 821,428 shares of CS Disco, Inc.
- The transaction was reported on May 1, 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 executive compensation and ownership transparency in publicly traded companies. This transaction reflects standard practice for covering tax obligations associated with equity compensation.
Key Dates
| Date | Description |
|---|---|
| 04/30/2024 | Date of transaction: Disposal of shares to cover tax liability. |
| 05/01/2024 | Date of report filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.