Form 4: CS Disco EVP Lafair Sells Shares to Cover Tax Obligations
SEC Form 4
Michael Lafair, EVP and CFO of CS Disco, sold 1,639 shares of common stock on July 31, 2024, to cover tax liabilities associated with vesting restricted stock.
Summary
- On July 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 resulting from the vesting of a time-based restricted stock award.
- The shares were sold at a price of $6.18 per share.
- Following the transaction, Lafair directly owns 808,821 shares of CS Disco, Inc.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no indication of positive or negative sentiment.
Industry Context
This is a routine Form 4 filing, indicating a transaction by a company insider. Such filings are common and provide transparency into the trading activities of company executives.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 07/31/2024 | Date of transaction: Michael Lafair sold 1,639 shares of CS Disco common stock. |
| 08/02/2024 | Date of signature on the Form 4 filing. |
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