Form 4: CS Disco EVP Michael Lafair Reports Stock Transactions

Michael Lafair, EVP and CFO of CS Disco, reports the withholding of shares for tax liability and a purchase of shares through the Employee Stock Purchase Plan.

Summary

• Michael Lafair, the EVP and Chief Financial Officer of CS Disco, Inc., filed a Form 4 on February 4, 2025.
• The report details changes in his beneficial ownership of CS Disco's common stock.
• On January 31, 2025, 1,860 shares were withheld by the issuer to cover tax liabilities upon the vesting of a time-based restricted stock award.
• This was not a discretionary sale by Lafair.
• Also on January 31, 2025, Lafair acquired 750 shares through the 2021 Employee Stock Purchase Plan (ESPP) at a price of $5.04 per share.
• These shares were purchased at 85% of the closing price of CS Disco's common stock on that date.
• Following these transactions, Lafair beneficially owns 776,672 shares of CS Disco common stock.

Sentiment

Score: 5

Explanation: The document reflects standard insider trading activity related to compensation and employee benefits, indicating a neutral sentiment.

Positives

• The purchase of shares through the ESPP indicates Lafair's continued investment in the company's future.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard practices related to stock-based compensation and employee stock purchase plans.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and employee benefits.

Key Dates