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

Michael Lafair, EVP and CFO of CS Disco, sold 1,639 shares of common stock on September 30, 2024, to cover tax liabilities associated with a vesting restricted stock award.

Summary

• On September 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 sold at a price of $5.88 per share.
• Following the transaction, Lafair directly owns 794,741 shares of CS Disco, Inc.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates