[Form 4] CS Disco, Inc. Insider Trading Activity
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 (individual sale prices ranged from $4.82 to $4.86). After the sale, the reporting person beneficially owns 822,723 shares of common stock. The filing indicates the sales were solely to satisfy tax obligations and that no other dispositions occurred.
Michael S. Lafair, EVP e Chief Financial Officer di CS Disco, Inc. (LAW), ha comunicato la vendita di 14.844 azioni ordinarie eseguita obbligatoriamente per coprire le imposte e le commissioni derivanti dalla liberazione di unità di azioni vincolate. Le transazioni sono state riportate come vendite a un prezzo medio ponderato di $4,82 (i prezzi unitari variavano da $4,82 a $4,86). Dopo la vendita, il dichiarante detiene beneficiariamente 822.723 azioni ordinarie. La documentazione indica che le vendite sono state effettuate esclusivamente per soddisfare obblighi fiscali e che non si sono verificate altre cessioni.
Michael S. Lafair, EVP y Director Financiero (CFO) de CS Disco, Inc. (LAW), informó la venta de 14.844 acciones ordinarias realizada de manera obligatoria para cubrir impuestos y comisiones derivados del liberamiento de unidades de acciones restringidas. Las transacciones se reportaron como ventas a un precio medio ponderado de $4,82 (los precios individuales oscilaron entre $4,82 y $4,86). Tras la venta, la persona informante posee a título beneficiario 822.723 acciones ordinarias. El informe indica que las ventas se realizaron únicamente para satisfacer obligaciones fiscales y que no hubo otras disposiciones.
Michael S. Lafair, CS Disco, Inc. (LAW)의 EVP 겸 최고재무책임자(CFO)는 제한주식 단위(RSU) 해제에 따라 발생한 세금 및 수수료를 충당하기 위해 의무적으로 실행된 14,844주 보통주 매각을 보고했습니다. 거래는 가중평균 가격 $4.82에 매도된 것으로 신고되었으며(개별 매도 가격은 $4.82에서 $4.86 사이), 매각 후 보고인은 822,723주 보통주를 실질 소유하고 있습니다. 제출서류에는 매각이 세금 납부 목적에만 이루어졌으며 다른 처분은 없었다고 기재되어 있습니다.
Michael S. Lafair, EVP et Directeur financier de CS Disco, Inc. (LAW), a déclaré la vente de 14 844 actions ordinaires effectuée de manière obligatoire pour couvrir les impôts et frais liés à la libération d'unités d'actions restreintes. Les opérations ont été signalées comme des ventes à un prix moyen pondéré de 4,82 $ (les prix individuels allaient de 4,82 $ à 4,86 $). Après la vente, le déclarant détient à titre bénéficiaire 822 723 actions ordinaires. Le dossier indique que les ventes ont été réalisées uniquement pour satisfaire des obligations fiscales et qu'aucune autre cession n'a eu lieu.
Michael S. Lafair, EVP und Chief Financial Officer von CS Disco, Inc. (LAW), meldete den Verkauf von 14.844 Stammaktien, der verpflichtend zur Deckung von Steuern und Gebühren im Zusammenhang mit der Freigabe von Restricted Stock Units ausgeführt wurde. Die Transaktionen wurden als Verkäufe zu einem gewichteten Durchschnittspreis von $4,82 gemeldet (Einzelverkaufspreise lagen zwischen $4,82 und $4,86). Nach dem Verkauf hält die meldende Person wirtschaftlich 822.723 Stammaktien. Die Einreichung weist darauf hin, dass die Verkäufe ausschließlich zur Erfüllung steuerlicher Verpflichtungen erfolgten und keine weiteren Veräußerungen stattfanden.
- 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
- 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
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.
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.
Michael S. Lafair, EVP e Chief Financial Officer di CS Disco, Inc. (LAW), ha comunicato la vendita di 14.844 azioni ordinarie eseguita obbligatoriamente per coprire le imposte e le commissioni derivanti dalla liberazione di unità di azioni vincolate. Le transazioni sono state riportate come vendite a un prezzo medio ponderato di $4,82 (i prezzi unitari variavano da $4,82 a $4,86). Dopo la vendita, il dichiarante detiene beneficiariamente 822.723 azioni ordinarie. La documentazione indica che le vendite sono state effettuate esclusivamente per soddisfare obblighi fiscali e che non si sono verificate altre cessioni.
Michael S. Lafair, EVP y Director Financiero (CFO) de CS Disco, Inc. (LAW), informó la venta de 14.844 acciones ordinarias realizada de manera obligatoria para cubrir impuestos y comisiones derivados del liberamiento de unidades de acciones restringidas. Las transacciones se reportaron como ventas a un precio medio ponderado de $4,82 (los precios individuales oscilaron entre $4,82 y $4,86). Tras la venta, la persona informante posee a título beneficiario 822.723 acciones ordinarias. El informe indica que las ventas se realizaron únicamente para satisfacer obligaciones fiscales y que no hubo otras disposiciones.
Michael S. Lafair, CS Disco, Inc. (LAW)의 EVP 겸 최고재무책임자(CFO)는 제한주식 단위(RSU) 해제에 따라 발생한 세금 및 수수료를 충당하기 위해 의무적으로 실행된 14,844주 보통주 매각을 보고했습니다. 거래는 가중평균 가격 $4.82에 매도된 것으로 신고되었으며(개별 매도 가격은 $4.82에서 $4.86 사이), 매각 후 보고인은 822,723주 보통주를 실질 소유하고 있습니다. 제출서류에는 매각이 세금 납부 목적에만 이루어졌으며 다른 처분은 없었다고 기재되어 있습니다.
Michael S. Lafair, EVP et Directeur financier de CS Disco, Inc. (LAW), a déclaré la vente de 14 844 actions ordinaires effectuée de manière obligatoire pour couvrir les impôts et frais liés à la libération d'unités d'actions restreintes. Les opérations ont été signalées comme des ventes à un prix moyen pondéré de 4,82 $ (les prix individuels allaient de 4,82 $ à 4,86 $). Après la vente, le déclarant détient à titre bénéficiaire 822 723 actions ordinaires. Le dossier indique que les ventes ont été réalisées uniquement pour satisfaire des obligations fiscales et qu'aucune autre cession n'a eu lieu.
Michael S. Lafair, EVP und Chief Financial Officer von CS Disco, Inc. (LAW), meldete den Verkauf von 14.844 Stammaktien, der verpflichtend zur Deckung von Steuern und Gebühren im Zusammenhang mit der Freigabe von Restricted Stock Units ausgeführt wurde. Die Transaktionen wurden als Verkäufe zu einem gewichteten Durchschnittspreis von $4,82 gemeldet (Einzelverkaufspreise lagen zwischen $4,82 und $4,86). Nach dem Verkauf hält die meldende Person wirtschaftlich 822.723 Stammaktien. Die Einreichung weist darauf hin, dass die Verkäufe ausschließlich zur Erfüllung steuerlicher Verpflichtungen erfolgten und keine weiteren Veräußerungen stattfanden.
FAQ
What did CS Disco (LAW) insider Michael Lafair report on Form 4?
Why were the 14,844 shares sold according to the Form 4?
At what price were the shares sold?
How many shares does Michael Lafair beneficially own after the reported transactions?
Does the Form 4 indicate any other reasons for the sale or additional disposals?
