Form 4: Richard Crum Sells CS Disco Shares for Tax Obligations

Richard Crum, EVP, Chief Prod & Tech Officer of CS Disco, sold 10,552 shares to cover taxes and fees related to restricted stock units.

Summary

• Richard Francis Crum, EVP, Chief Prod & Tech Officer of CS Disco, Inc., sold 10,552 shares of common stock on August 18, 2025.
• The shares were sold at a weighted average price of $4.82, with individual transactions ranging from $4.82 to $4.85.
• The sale was a mandatory transaction to cover taxes and fees due upon the release and settlement of restricted stock units.
• Following the transaction, Crum beneficially owns 233,949 shares of CS Disco, Inc.
• This includes 750 shares purchased through the 2021 Employee Stock Purchase Plan (ESPP) at a price equal to 85% of the closing price on July 31, 2025.

Sentiment

Score: 5

Explanation: Neutral sentiment as the filing relates to a routine transaction for tax purposes.

Positives

• Continued holding of a significant number of shares (233,949) indicates ongoing alignment with the company's performance.
• Participation in the Employee Stock Purchase Plan (ESPP) demonstrates a commitment to the company's long-term success.

Negatives

• Sale of shares, even for tax purposes, could be perceived negatively by some investors.
• The sale occurred at prices ranging from $4.82 to $4.85, which may reflect current market valuation.

Risks

• The filing does not explicitly mention risks.

Future Outlook

There are no explicit forward-looking statements in this filing.

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

This filing reflects routine transactions related to executive compensation and stock ownership, common in publicly traded companies. It does not indicate any specific industry trends or competitive pressures.

Comparison to Industry Standards

• Executive stock sales for tax obligations are a common practice across publicly traded companies.
• Companies like Palantir, Snowflake, and Datadog also see similar filings from their executives related to stock sales for tax purposes.
• The amount of shares sold and the price range are specific to the individual's compensation package and the company's stock performance.

Stakeholder Impact

• Minimal direct impact on stakeholders as the transaction is related to executive compensation and tax obligations.

Key Dates

Keywords

CS Disco, Richard Crum, stock sale, Form 4, EVP, Chief Product & Technology Officer, restricted stock units, tax obligations, Employee Stock Purchase Plan, ESPP