Form 4: CS Disco Executive Lafair Sells Shares to Cover Tax Obligations

Michael Lafair, EVP and CFO of CS Disco, Inc., sold 1,639 shares of common stock on March 31, 2025, to cover tax liabilities associated with a vesting restricted stock award.

Summary

• On March 31, 2025, 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 previously granted time-based restricted stock award.
• The shares were withheld by the issuer for tax purposes and do not represent a discretionary sale by Lafair.
• Following the transaction, Lafair beneficially owns 858,768 shares of CS Disco, Inc.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, which is neither particularly positive nor negative.

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, which can be informative but don't always indicate a change in the company's prospects.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small percentage of Lafair's total holdings and is related to tax obligations.

Key Dates

Keywords

Form 4, CS Disco, LAW, Michael Lafair, Stock Sale, Tax Liability, Restricted Stock, EVP, CFO