CS Disco (LAW) CEO logs 35,699-share tax withholding, holds 1.12M
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CS Disco, Inc. reported that Chief Executive Officer Eric Friedrichsen had 35,699 shares of common stock withheld on February 16, 2026 to cover taxes due on the vesting of a time-based restricted stock award. This was a tax-withholding disposition, not a discretionary open-market sale. After this transaction, he directly owned 1,119,028 shares, including 1,000 shares acquired through the 2021 Employee Stock Purchase Plan for the August 1, 2025 to January 31, 2026 purchase period.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Friedrichsen Eric
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 35,699 | $3.71 | $132K |
Holdings After Transaction:
Common Stock — 1,119,028 shares (Direct)
Footnotes (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. Includes 1,000 shares pursuant to the 2021 Employee Stock Purchase Plan ("ESPP"), for the purchase period of August 1, 2025 to January 31, 2026. In accordance with the ESPP, these shares were purchased at a price equal to 85% of the closing price of the Issuer's common stock on August 1, 2025.
FAQ
What did CS Disco (LAW) CEO Eric Friedrichsen report in this Form 4?
Eric Friedrichsen reported a tax-related share disposition. 35,699 common shares were withheld by CS Disco to satisfy tax obligations from a vesting restricted stock award, leaving him with 1,119,028 directly owned shares after the transaction.
Was the CS Disco (LAW) CEO’s Form 4 a discretionary stock sale?
No, it was not a discretionary sale. The 35,699 shares were withheld by CS Disco solely to cover tax liabilities on a vesting restricted stock award, as noted, rather than being sold by the CEO in the open market.
Does the Form 4 for CS Disco (LAW) indicate any open-market buying or selling by the CEO?
The filing does not show open-market trades. It reports a tax-withholding disposition where 35,699 shares were withheld by CS Disco for taxes, plus previously acquired ESPP shares, rather than discretionary buying or selling by the CEO.