Form 4: CS Disco Executive Sells Shares to Cover Taxes After Restricted Stock Unit Release

Melanie Antoon, EVP and Chief Customer Officer at CS Disco, sold 2,674 shares of common stock to cover taxes and fees associated with the release of restricted stock units.

Summary

• Melanie Antoon, an executive at CS Disco, sold 2,674 shares of common stock on November 18, 2024.
• 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 $5.40, with individual transactions ranging from $5.40 to $5.44.
• Following the transaction, Ms. Antoon directly owns 166,346 shares of CS Disco common stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction related to executive compensation. It is neither positive nor negative for the company's overall performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Sales of shares by executives to cover taxes on vesting restricted stock units are a common practice across the industry.
• The price range of $5.40 to $5.44 is within the expected range for a stock sale of this type.
• Similar transactions are regularly reported by executives at other publicly traded companies.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on the stock price, but it is not expected to be significant.

Key Dates

Keywords

CS Disco, stock sale, insider trading, restricted stock units, executive, Melanie Antoon, Form 4