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

Rhea-AI Filing Summary

CS Disco insider Michael S. Lafair, listed as EVP and Chief Financial Officer, reported a transaction on 08/31/2025 where 1,639 shares of Common Stock were disposed under code F at a price of $5.47 per share. The filing states these shares were withheld by the issuer to cover tax withholding on the vesting of a time-based restricted stock award and were not a discretionary sale. After the withholding, Mr. Lafair beneficially owns 821,084 shares directly.

Insights

Financial Analyst

TL;DR: Routine tax-withholding on vested restricted stock; small share count relative to total holdings, limited market impact.

The reported disposition is coded F, indicating shares were withheld by the issuer to satisfy tax obligations on a previously granted time-based restricted stock award. The number withheld (1,639) at $5.47 per share is small compared with the remaining direct ownership of 821,084 shares, so this action is administrative rather than a liquidity-driven sale. There is no indication of additional sales or changes to voting control in this filing.

Corporate Governance Expert

TL;DR: Administrative withholding to meet tax obligations; disclosure aligns with Section 16 reporting requirements.

The Form 4 discloses a standard withholding event upon vesting of restricted stock. The explanation explicitly states the withholding "does not represent a discretionary sale," which clarifies intent and reduces governance concerns about insider selling. Signature and reporting details appear complete; no governance red flags or unexplained transfers are present in the document.

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

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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)
08/31/2025

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	08/31/2025		F		1,639(1)	D	$5.47	821,084	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. These shares were withheld by the Issuer to cover the tax liability upon the vesting of a time-based restricted stock award previously granted, and does not represent a discretionary sale by the reporting person.

Remarks:

	/s/ Michael S. Lafair	09/03/2025
	** 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 transaction did CS Disco insider Michael Lafair report on Form 4?

The filing reports 1,639 shares were withheld on 08/31/2025 under code F at $5.47 per share to cover tax withholding from vested restricted stock.

Did Michael Lafair sell shares of LAW in this Form 4?

No. The filing states the shares were withheld by the issuer to cover tax liability on vested time-based restricted stock and were not a discretionary sale.

How many LAW shares does Michael Lafair beneficially own after the transaction?

After the withholding, Mr. Lafair beneficially owns 821,084 shares, held directly.

What does transaction code F mean on a Form 4?

Code F indicates the transaction was a disposition to satisfy tax withholding obligations related to employee compensation, such as vested restricted stock.

When was the Form 4 signed and filed?

The document bears the reporting person's signature dated 09/03/2025 and reports the transaction date as 08/31/2025.