CS Disco (NYSE: LAW) HR chief sells 8,562 shares in tax-related trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CS Disco EVP and Chief HR Officer Karen Herckis reported an open-market sale of 8,562 shares of common stock at a weighted average price of $3.61 per share. According to the disclosure, all shares were sold in a mandatory transaction to cover taxes and fees due upon the release and settlement of restricted stock units.
Following this tax-related sale, Herckis directly holds 189,311 shares of CS Disco common stock. The filing notes that the price per share reflects a weighted average of multiple trades executed between $3.60 and $3.62.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 8,562 shares ($30,909)
Net Sell
1 txn
Insider
Herckis Karen
Role
EVP, Chief HR Officer
Sold
8,562 shs ($31K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 8,562 | $3.61 | $31K |
Holdings After Transaction:
Common Stock — 189,311 shares (Direct, null)
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 $3.60 to $3.62. 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.
Key Figures
Shares sold: 8,562 shares
Weighted average price: $3.61 per share
Post-transaction holdings: 189,311 shares
+1 more
4 metrics
Shares sold
8,562 shares
Open-market sale on 2026-05-18
Weighted average price
$3.61 per share
Sale of 8,562 common shares
Post-transaction holdings
189,311 shares
Direct ownership after sale
Sale price range
$3.60–$3.62 per share
Multiple transactions within range
Key Terms
restricted stock units, weighted average price, open-market sale, mandatory sale
4 terms
restricted stock units financial
"due upon the release and settlement of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
mandatory sale financial
"shares sold by the Reporting Person as a result of a mandatory sale to cover taxes"
FAQ
What insider transaction did CS Disco (LAW) report for Karen Herckis?
CS Disco reported that EVP and Chief HR Officer Karen Herckis sold 8,562 shares of common stock. The filing states this was a mandatory sale to cover taxes and fees tied to restricted stock unit settlement.
What role does Karen Herckis hold at CS Disco (LAW)?
Karen Herckis serves as Executive Vice President and Chief Human Resources Officer at CS Disco. Her position is disclosed in the insider ownership report alongside details of her tax-related sale of 8,562 common shares.