Form 4: CS Disco Executive Melanie Antoon Sells Shares to Cover Taxes and Fees

Melanie Antoon, EVP and Chief Customer Officer of CS Disco, sold 3,039 shares of common stock on August 19, 2024, to cover taxes and fees associated with the release and settlement of restricted stock units.

Summary

• On August 19, 2024, Melanie Antoon, the EVP and Chief Customer Officer of CS Disco, Inc. (LAW), sold 3,039 shares of 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 $4.73, with individual transactions ranging from $4.71 to $4.90.
• Following the transaction, Antoon directly owns 169,020 shares of CS Disco common stock.
• A Power of Attorney was executed on January 3, 2024, granting certain individuals the authority to act on Antoon's behalf in matters related to SEC filings.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a routine stock transaction. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This filing is a routine disclosure related to executive stock transactions and is typical for publicly traded companies. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• Companies like Palantir, Snowflake, and Datadog also see similar filings from their executives regularly.
• The size of the transaction and the remaining holdings are within typical ranges for executives at similarly sized companies.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, as it is a relatively small sale by an executive to cover tax obligations.
• Employees may be indirectly affected by the executive's actions, but the impact is expected to be minimal.

Key Dates