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

Michael Lafair, EVP and CFO of CS Disco, Inc., disposed of 1,639 shares of common stock to cover tax liabilities upon the vesting of a restricted stock award.

Summary

• On April 30, 2025, 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 $3.73 per share.
• Following the transaction, Lafair beneficially owns 857,129 shares of CS Disco, Inc.

Sentiment

Score: 6

Explanation: Neutral sentiment as the transaction is a routine tax-related disposal of shares and doesn't indicate a change in the executive's overall confidence in the company.

Management Comments

• The share disposal was not a discretionary sale by the reporting person but was to cover tax obligations.

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 shareholders as it is a standard procedure for covering tax obligations.

Key Dates

Keywords

CS Disco, LAW, Michael Lafair, EVP, CFO, Form 4, Beneficial Ownership, Tax Liability, Restricted Stock Award, Share Disposal