[Form 4] CS Disco, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Michael S. Lafair, Executive Vice President and Chief Financial Officer of CS Disco, Inc. (ticker: LAW), reported on Form 4 that 1,639 shares of CS Disco common stock were disposed of on 09/30/2025 through withholding to cover tax obligations tied to the vesting of a prior time-based restricted stock award. The withholding price shown is $6.46 per share. After the withholding, Mr. Lafair beneficially owned 819,445 shares, held directly. The Form 4 was signed on 10/01/2025. The filing states the withholding was not a discretionary sale but a tax-related retention by the issuer.

Positive

• Continued substantial ownership: Reporting person retains 819,445 shares after the withholding, showing ongoing insider stake.
• Transparent disclosure: Filing clearly states the withholding was for tax liability on vested restricted stock and was not a discretionary sale.

Negative

• Minor disposition: 1,639 shares were disposed of via withholding, reducing the reporting person's holdings by that amount.

Insights

Financial Analyst

TL;DR Routine tax-withholding on vested restricted stock; small disposition and continued substantial insider ownership.

The Form 4 discloses a non-discretionary withholding of 1,639 shares at a reported price of $6.46 to satisfy tax liabilities from the vesting of a time-based restricted stock award. This is a common administrative action and does not reflect an active sale decision by the reporting person. Post-transaction beneficial ownership remains at 819,445 shares, indicating continued alignment of the CFO with shareholder interests. For investors, the transaction is informational and not a material change to insider ownership levels.

Corporate Governance Expert

TL;DR Disclosure matches standard practice; no governance red flags detected from this filing alone.

The filing explicitly notes the shares were withheld by the issuer to cover taxes upon vesting, which is a standard equity plan administration mechanism. The reporting person is identified as an officer (EVP, CFO) and the Form 4 is individually filed and signed, meeting Section 16 requirements. There is no indication of a discretionary sale, unusual timing, or related-party transaction in this record. No further governance concerns are evident from the information provided.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Lafair Michael

(Last) (First) (Middle)

111 CONGRESS AVENUE

SUITE 900

(Street)

AUSTIN TX 78701

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CS Disco, Inc. [ LAW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/30/2025		F		1,639(1)	D	$6.46	819,445	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These shares were withheld by the Issuer to cover the tax liability upon the vesting of a time-based restricted stock award previously granted, and does not represent a discretionary sale by the reporting person.

Remarks:

	/s/ Michael S. Lafair	10/01/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Michael S. Lafair report on Form 4 for CS Disco (LAW)?

He reported the withholding of 1,639 shares on 09/30/2025 to cover taxes related to the vesting of a time-based restricted stock award.

At what price were the withheld shares reported?

The Form 4 lists a price of $6.46 per share for the withheld shares.

How many CS Disco shares does the reporting person beneficially own after the transaction?

After the withholding, the reporting person beneficially owned 819,445 shares (direct ownership).

Was the disposal a discretionary sale by the reporting person?

No. The filing states the shares were withheld by the issuer to cover tax liability and did not represent a discretionary sale by the reporting person.

When was the Form 4 signed?

The Form 4 bears the reporting person's signature dated 10/01/2025.