Form 4: CS Disco EVP Lafair Sells Shares to Cover Taxes and Fees
SEC Form 4 Filing
Michael Lafair, EVP and CFO of CS Disco, sold 15,395 shares of common stock on May 19, 2025, to cover taxes and fees associated with the release and settlement of restricted stock units.
Summary
- On May 19, 2025, Michael Lafair, the EVP and Chief Financial Officer of CS Disco, Inc. [LAW], sold 15,395 shares of the company's common stock.
- The sale was executed to cover taxes and fees due upon the release and settlement of restricted stock units.
- The shares were sold at a weighted average price of $3.93, with individual transactions ranging from $3.93 to $3.95.
- Following the transaction, Lafair directly owns 841,734 shares of CS Disco common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover taxes) and doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and are not necessarily indicative of a negative outlook on the company's future performance.
Key Dates
| Date | Description |
|---|---|
| 05/19/2025 | Date of stock sale transaction |
| 05/21/2025 | Date of signature on the Form 4 filing |
Keywords
CS Disco, LAW, Michael Lafair, EVP, CFO, stock sale, Form 4, restricted stock units, taxes, fees
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