Form 4: CS Disco Executive Kevin Joseph Smith Sells Shares to Cover Taxes and Fees

EVP and Chief Product Officer of CS Disco, Kevin Joseph Smith, sold 5,765 shares of common stock on February 28, 2024, to cover taxes and fees associated with the release and settlement of Restricted Stock Units (RSUs).

Summary

• Kevin Joseph Smith, EVP and Chief Product Officer of CS Disco, sold 5,765 shares of common stock on February 28, 2024.
• The sale was executed at a price of $6.82 per share.
• The transaction was a mandatory sale to cover taxes and fees due upon the release and settlement of RSUs.
• Following the transaction, Smith directly owns 298,089 shares of CS Disco common stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to an executive's stock sale to cover taxes and fees, which is a neutral event.

Management Comments

• The reporting person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes and fees.

Industry Context

Sales of shares by company executives are a common occurrence, often related to compensation packages including stock options or RSUs. These sales are typically disclosed through SEC filings like Form 4.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to significantly affect the company's operations or financial performance.

Key Dates