Form 4: CS Disco Executive Sells Shares for Taxes
Statement of Changes in Beneficial Ownership
CS Disco's EVP, Chief Prod & Tech Officer, Richard Francis Crum, sold 7,492 shares to cover taxes and fees associated with restricted stock units.
Summary
- Richard Francis Crum, EVP, Chief Prod & Tech Officer at CS Disco, Inc. (LAW), reported a transaction on May 18, 2026.
- A total of 7,492 shares of common stock were sold.
- The sale was a mandatory transaction to cover taxes and fees due upon the release and settlement of restricted stock units.
- The weighted average selling price was $3.61 per share, with individual sales ranging from $3.60 to $3.62.
- Following this transaction, Mr. Crum beneficially owns 341,609 shares of common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as the reported stock sale is a routine event for tax coverage and not an indicator of significant positive or negative sentiment regarding the company's performance.
Negatives
- The executive sold a portion of his holdings, although this was for tax purposes and not indicative of a lack of confidence.
Future Outlook
No specific future outlook or guidance is provided in this filing, as it pertains to a stock transaction by an executive.
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
StockSavvy.ai notes that Form 4 filings are standard for executives and directors to report changes in their beneficial ownership of company stock. Such transactions, especially those for tax withholding, are common and do not necessarily signal a change in the executive's view of the company's prospects.
Stakeholder Impact
- Shareholders: The sale is a routine tax-related transaction by an executive and is not expected to have a significant impact on the share price or overall shareholder value.
Key Dates
| Date | Description |
|---|---|
| 05/18/2026 | Transaction Date (Sale of shares) |
| 05/19/2026 | Date of Report Filing |
Keywords
CS Disco, LAW, Form 4, Insider Trading, Stock Sale, Restricted Stock Units, Tax Coverage, Executive Compensation
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