Form 4: CS Disco Officer Sells Shares for Tax Obligations

CS Disco's EVP, Chief Product & Technology Officer, Richard Francis Crum, sold 6,262 shares of common stock to cover tax obligations related to restricted stock unit settlement.

Summary

• Richard Francis Crum, EVP, Chief Product & Technology Officer at CS Disco, Inc. (LAW), reported a transaction on March 2, 2026.
• He sold 6,262 shares of CS Disco common stock.
• The shares were sold at a weighted average price of $3.24 per share, with prices ranging from $3.10 to $3.37.
• The sale was a mandatory transaction to cover taxes and fees associated with the release and settlement of restricted stock units.
• Following this transaction, Mr. Crum beneficially owns 349,101 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the sale was non-discretionary and solely for tax obligations related to restricted stock unit vesting, which is a routine occurrence for executives.

Positives

• The sale was non-discretionary, solely to cover tax obligations from restricted stock unit settlement, not indicating a change in investment sentiment.

Negatives

• No discretionary sale by the insider, indicating no negative sentiment towards the company's future prospects from this transaction.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider sales solely for tax purposes upon restricted stock unit (RSU) vesting are common and generally not indicative of management's view on future company performance. This is a routine event for executives receiving equity compensation.

Stakeholder Impact

• Shareholders: A slight reduction in insider ownership, but the non-discretionary nature of the sale for tax purposes typically minimizes concerns about management's confidence.

Key Dates

Recommendation

The transaction is a mandatory sale by an executive to cover tax obligations upon the vesting of restricted stock units. This is a routine event and does not reflect a discretionary decision by the insider regarding the company's future prospects, thus it does not warrant a change in investment recommendation based solely on this filing.

Keywords

CS Disco, LAW, Form 4, Insider Trading, Stock Sale, Restricted Stock Units, Tax Obligations, Richard Francis Crum, EVP Chief Product Technology Officer