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 May 31, 2024, to cover tax liabilities associated with vesting restricted stock.

Summary

• Michael Lafair, the EVP and Chief Financial Officer of CS Disco, Inc., reported a transaction involving the company's common stock.
• On May 31, 2024, Lafair disposed of 1,639 shares at a price of $5.85 per share.
• This transaction was not a discretionary sale but was instead executed by the issuer to cover tax liabilities arising from the vesting of a previously granted time-based restricted stock award.
• Following the transaction, Lafair still beneficially owns 812,099 shares of CS Disco, Inc.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale to cover tax obligations and doesn't necessarily indicate a positive or negative outlook on the company's performance.

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.

Key Dates