LAW Form 4: CFO Michael Lafair Mandatory RSU Sale, 822,723 Shares Retained

Rhea-AI Filing Summary

Michael S. Lafair, EVP and Chief Financial Officer of CS Disco, Inc. (LAW), reported the sale of 14,844 shares of common stock executed as a mandatory sale to cover taxes and fees arising from the release of restricted stock units. The transactions were reported as sales at a weighted average price of $4.82 822,723 shares of common stock. The filing indicates the sales were solely to satisfy tax obligations and that no other dispositions occurred.

Positive

• Clear disclosure that the sale was solely for tax and fee withholding related to RSU settlement
• Continued substantial ownership with 822,723 shares remaining after the sale
• Willingness to provide detailed price breakdowns for the multiple sale transactions upon request

Negative

• Insider sale reduces beneficial ownership by 14,844 shares (though described as mandatory)
• Weighted average price of $4.82 may be noted by investors monitoring insider activity or timing

Insights

Securities Analyst

TL;DR: Routine tax-withholding sale of RSU shares by the CFO, small in size relative to total holdings and the company.

The reported disposal of 14,844 shares reflects mandatory withholding to satisfy tax and fee obligations tied to RSU settlement, not an opportunistic open-market divestiture. The transaction used a weighted average sale price of $4.82 with prices ranging up to $4.86. Post-transaction beneficial ownership remains substantial at 822,723 shares, which suggests continued alignment with shareholders. This disclosure is standard and does not indicate a change in company strategy or CFO confidence.

Corporate Governance Expert

TL;DR: Disclosure is consistent with good governance: clear purpose and explanation for the insider sale.

The Form 4 provides an explicit explanation that the shares were sold solely to cover taxes and fees upon RSU release, and offers to provide detailed per-price sale breakdowns upon request. The reporting person is identified as both an officer and director, and the filing shows continued material ownership. This level of transparency aligns with routine compliance expectations for insider reporting.

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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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^*

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)
08/18/2025

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	08/18/2025		S		14,844(1)	D	$4.82(2)	822,723	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. 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.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.82 to $4.86. 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.

Remarks:

	/s/ Michael S. Lafair	08/20/2025
	** 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 Michael Lafair report on Form 4?

The filing reports a sale of 14,844 common shares by Michael Lafair to cover taxes and fees from RSU settlement.

Why were the 14,844 shares sold according to the Form 4?

The Form 4 states the shares were sold solely to cover required taxes and fees upon release and settlement of restricted stock units.

At what price were the shares sold?

The filing reports a weighted average price of $4.82, with individual sale prices ranging from $4.82 to $4.86.

How many shares does Michael Lafair beneficially own after the reported transactions?

After the reported sale, the filing shows he beneficially owns 822,723 shares of common stock.

Does the Form 4 indicate any other reasons for the sale or additional disposals?

No. The Form 4 explicitly states the reporting person did not sell or dispose of shares for any reason other than covering taxes and fees.