Was the CS Disco (LAW) CEO’s share purchase an open-market transaction?

Yes. The Form 4 classifies the transaction as an open-market purchase of Common Stock. This means the shares were acquired through regular market trading, rather than through option exercises, grants, or other non-market mechanisms.

CS Disco (NYSE: LAW) CEO adds 9,000 shares in open-market buy

Filing Impact

(Neutral)

Filing Sentiment

(Positive)

Form Type

Rhea-AI Filing Summary

CS Disco, Inc. Chief Executive Officer Eric Friedrichsen reported an open-market purchase of 9,000 shares of Common Stock. The weighted average purchase price was about $3.97 per share, with individual trade prices ranging from $3.97 to $4.01. Following this transaction, Friedrichsen directly owns 1,517,172 shares of CS Disco common stock.

Insider Trade Summary

Net Buyer: 9,000 shares ($35,730)

Net Buy 1 txn

Insider Friedrichsen Eric

Role Chief Executive Officer

Bought 9,000 shs ($36K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	9,000	$3.97	$36K

Holdings After Transaction: Common Stock — 1,517,172 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares purchased: 9,000 shares Weighted average price: $3.97 per share Price range: $3.97 to $4.01 per share +2 more

5 metrics

Shares purchased 9,000 shares Open-market purchase on 2026-05-08

Weighted average price $3.97 per share Average purchase price for 9,000 shares

Price range $3.97 to $4.01 per share Range of individual trade prices

Shares owned after transaction 1,517,172 shares Direct ownership following purchase

Net buy shares 9,000 shares Net change in non-derivative holdings

Key Terms

open-market purchase, weighted average price, Common Stock, Form 4

4 terms

open-market purchase financial

"The filing classifies the transaction as an open-market purchase of Common Stock."

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Common Stock financial

"These shares were purchased in multiple transactions at prices ranging from $3.97 to $4.01."

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 regulatory

"What insider transaction did CS Disco (LAW) report on this Form 4?"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

05/11/2026 - 04:37 PM

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

TEXAS

78701

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/08/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/08/2026		P		9,000	A	$3.97⁽¹⁾	1,517,172	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.97 to $4.01. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range.

Remarks:

	/s/ Aaron Barfoot, Attorney-in-Fact	05/11/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did CS Disco (LAW) report on this Form 4?

CS Disco reported that CEO Eric Friedrichsen bought 9,000 shares of Common Stock in an open-market purchase. The filing shows this as a direct ownership transaction, increasing his personal stake in the company.

At what price did the CS Disco (LAW) CEO buy the 9,000 shares?

The CEO’s purchase had a weighted average price of about $3.97 per share. According to the filing, individual trades occurred between $3.97 and $4.01, with full trade-by-trade details available upon request from the company.

How many CS Disco (LAW) shares does the CEO own after this transaction?

After buying 9,000 shares, CEO Eric Friedrichsen directly owns 1,517,172 shares of CS Disco common stock. This figure reflects his holdings immediately following the reported open-market purchase on the stated transaction date.

Does the CS Disco (LAW) Form 4 footnote explain the pricing details?

Yes. A footnote explains that the reported $3.97 price is a weighted average. The 9,000 shares were bought in multiple trades, with individual prices ranging between $3.97 and $4.01, and full breakdowns available on request.