CS Disco (NYSE: LAW) GC gets major RSU grants, sells shares for taxes
Rhea-AI Filing Summary
CS Disco, Inc. general counsel and chief compliance officer Susan Garcia reported both equity awards and a small share sale. She received two restricted stock unit awards covering 42,910 and 41,730 shares of common stock, each representing rights to receive one share per unit as they vest.
The first RSU grant vests in 16 equal quarterly installments starting on May 16, 2026, subject to continued service. The second, granted in February 2025 and tied to 2025 performance certified on February 18, 2026, will vest one-quarter after two full business days following the company’s 2025 earnings release, with the remainder vesting in twelve equal quarterly installments beginning May 16, 2026.
Garcia also sold 3,743 shares of common stock on February 17, 2026, at a weighted average price of $3.07 per share, in transactions executed between $3.04 and $3.08. According to the disclosure, this sale was a mandatory transaction solely to cover taxes and fees due upon the release and settlement of RSUs, and she did not otherwise dispose of shares for any other reason.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 42,910 | $0.00 | -- |
| Grant/Award | Common Stock | 41,730 | $0.00 | -- |
| Sale | Common Stock | 3,743 | $3.07 | $11K |
Footnotes (1)
- Represents the aggregate number of shares sold by the Reporting Person as a result of a mandatory sale to cover taxes and fees due upon the release and settlement of restricted stock units. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.04 to $3.08. 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 sold at each separate price within the range. Represents a restricted stock unit ("RSU") award. Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs shall vest in 16 equal quarterly installments with the first vest date occurring on May 16, 2026, and shall continue to vest on each quarterly date thereafter, subject to the Reporting Person's continuous service to the Issuer through each vesting date. Represents RSUs that were granted in February 2025 subject to performance-based vesting conditions pertaining to 2025 performance, the achievement of which was certified by the Compensation Committee on February 18, 2026. Of these RSUs, 1/4th of the shares will vest after two full business days have elapsed following the Issuer's release of 2025 earnings, and the remainder will vest in twelve equal quarterly installments with the first vest date occurring on May 16, 2026, and shall continue to vest on each quarterly date thereafter, subject to the reporting person's continuous service to the Issuer through each vesting date.
