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

Rhea-AI Filing Summary

CS Disco, Inc. (LAW) Director and Chief Executive Officer Eric Friedrichsen reported a purchase of 10,000 shares of the issuer's common stock on 08/11/2025 at a price of $4.51 per share. After the transaction, Mr. Friedrichsen beneficially owns 1,147,067 shares directly. The filing notes that the reported total includes 750 shares acquired under the company's 2021 Employee Stock Purchase Plan for the February 1, 2025–July 31, 2025 purchase period; those ESPP shares were bought at 85% of the July 31, 2025 closing price. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person.

Positive

• Insider purchase: CEO/Director Eric Friedrichsen purchased 10,000 shares at $4.51 per share, increasing his direct stake to 1,147,067 shares.
• ESPP participation: 750 shares were acquired under the 2021 Employee Stock Purchase Plan at an 85% purchase price, as disclosed.

Negative

• None.

Insights

Securities Analyst

TL;DR: Insider purchase of 10,000 shares at $4.51 increases direct holdings to 1,147,067 shares; transaction appears routine.

The transaction is a direct purchase coded "P" and increases the reporting person's direct beneficial ownership by 10,000 shares, representing roughly 0.87% of the post-transaction total (10,000/1,147,067). The disclosure also clarifies 750 shares were acquired under the ESPP at an 85% discount to the July 31, 2025 closing price, which is a standard employee purchase mechanism. No derivative transactions or disposals are reported, and the filing shows direct ownership rather than indirect holdings.

Corporate Governance Expert

TL;DR: CEO/Director reported a modest stock purchase; disclosure follows Section 16 reporting requirements.

The Form 4 documents a straightforward Section 16 transaction: a purchase by a named officer and director. The inclusion of ESPP-acquired shares is explicitly stated and priced per the plan's 85% rule. The filing was executed via attorney-in-fact, a common administrative practice. There are no indications in this filing of option exercises, grants, or unusual arrangements affecting control or governance.

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
Estimated average burden
hours per response:			0.5

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Friedrichsen Eric

(Last) (First) (Middle)

111 CONGRESS AVE.

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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/11/2025

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	08/11/2025		P		10,000	A	$4.51	1,147,067(1)	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. Includes 750 shares purchased pursuant to the 2021 Employee Stock Purchase Plan ("ESPP"), for the purchase period of February 1, 2025 to July 31, 2025. In accordance with the ESPP, these shares were purchased at a price equal to 85% of the closing price of the Issuer's common stock on July 31, 2025.

Remarks:

	/s/ Michael S. Lafair, Attorney-in-Fact	08/12/2025
	** 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 did CS Disco (LAW) insider Eric Friedrichsen purchase?

He purchased 10,000 shares of CS Disco common stock, reported on the Form 4 as a purchase transaction (code "P").

At what price were the shares bought in the Form 4 for LAW?

The shares were purchased at a price of $4.51 per share.

How many shares does Eric Friedrichsen beneficially own after the reported transaction?

Following the transaction he beneficially owns 1,147,067 shares directly.

Does the Form 4 mention Employee Stock Purchase Plan activity for LAW?

Yes. The filing states 750 shares were purchased under the 2021 ESPP for the Feb 1, 2025–Jul 31, 2025 period at 85% of the July 31, 2025 closing price.

Who signed the Form 4 on behalf of the reporting person?

The form was signed by Michael S. Lafair, Attorney-in-Fact for the reporting person.