Form 4: CS Disco EVP Lafair Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Michael Lafair, EVP and CFO of CS Disco, Inc., sold 1,639 shares of common stock on December 31, 2024, to cover tax liabilities associated with a vesting restricted stock award.
Summary
- On December 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 resulting from the vesting of a time-based restricted stock award.
- The shares were sold at a price of $4.99 per share.
- Following the transaction, Lafair beneficially owns 777,782 shares of CS Disco, Inc.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover tax obligations). It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies, often related to compensation packages and tax planning. This transaction appears to be a routine tax-related sale and doesn't necessarily indicate a change in the executive's confidence in the company.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale to cover tax liabilities.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of transaction: Michael Lafair disposed of 1,639 shares of common stock. |
| 01/03/2025 | Date of signature on the Form 4 filing. |
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