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

Insider Purchases Raise CS Disco Director Holdings to 119,078 Shares

Filing Impact
(Moderate)
Filing Sentiment
(Positive)
Form Type
4

Rhea-AI Filing Summary

CS Disco, Inc. (LAW) director Thomas F. Bogan reported two insider purchases under a Rule 10b5-1 plan. On 09/12/2025 he purchased 30,000 shares at a weighted-average price of $5.80 (individual trade prices ranged $5.76–$5.88), bringing his beneficial ownership to 101,090 shares. On 09/15/2025 he purchased an additional 17,988 shares at $5.98, increasing his beneficial ownership to 119,078 shares. The Form 4 was filed by a single reporting person and signed by an attorney-in-fact. The filing discloses the purchases were made pursuant to a 10b5-1 trading plan and notes the weighted-average pricing range for the first purchase.

Positive

  • Director purchases disclosed: Two purchases totaling 47,988 shares reported on Form 4
  • Increased beneficial ownership: Holdings rose to 119,078 shares
  • Transactions executed under a Rule 10b5-1 trading plan, indicating preplanned execution

Negative

  • None.

Insights

TL;DR: Director increased holdings via scheduled 10b5-1 purchases, adding 47,988 shares across two transactions.

The filings show disciplined acquisitions under a Rule 10b5-1 plan rather than ad hoc trades, totaling 47,988 shares bought at average prices of $5.80 and $5.98. Beneficial ownership rose to 119,078 shares. From an analyst perspective, these are straightforward insider buys disclosed on Form 4 with clear pricing ranges; the filing does not provide company-wide context such as percentage ownership or market impact, so materiality to valuation cannot be assessed from this document alone.

TL;DR: Transactions executed under a 10b5-1 plan, properly disclosed and attested by attorney-in-fact.

The report indicates compliance with Section 16 reporting: purchases were made pursuant to a 10b5-1 plan and the Form 4 was signed by an attorney-in-fact. The filer disclosed the weighted-average price range for the first block and provided required transaction detail for both trades. The filing contains no amendments or indications of noncompliance; it does not include information on whether the 10b5-1 plan was recently adopted or modified.

Insider BOGAN THOMAS F
Role Director
Bought 47,988 shs ($282K)
Type Security Shares Price Value
Purchase Common Stock 17,988 $5.98 $108K
Purchase Common Stock 30,000 $5.80 $174K
Holdings After Transaction: Common Stock — 119,078 shares (Direct)
Footnotes (1)
  1. Shares were purchased pursuant to a Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.76 to $5.88. 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 purchased at each separate price within the range.
Form 4 Insider Transactions: What Each Field Means →
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
Estimated average burden
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*
BOGAN THOMAS F
(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)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
09/12/2025
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 09/12/2025 P 30,000(1) A $5.8(2) 101,090 D
Common Stock 09/15/2025 P 17,988(1) A $5.98 119,078 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. Shares were purchased pursuant to a Rule 10b5-1 trading plan.
2. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.76 to $5.88. 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 purchased at each separate price within the range.
Remarks:
/s/ Michael S. Lafair, Attorney-in-Fact 09/16/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What transactions did Thomas F. Bogan report for CS Disco (LAW)?

The director reported two purchases: 30,000 shares on 09/12/2025 at a weighted-average price of $5.80 and 17,988 shares on 09/15/2025 at $5.98.

How many shares does Thomas F. Bogan beneficially own after the reported trades?

Following the reported transactions, he beneficially owns 119,078 shares according to the Form 4.

Were these purchases part of a Rule 10b5-1 trading plan?

Yes. The Form 4 states the shares were purchased pursuant to a Rule 10b5-1 trading plan.

What prices were paid for the shares in the first reported purchase?

The Form 4 reports a weighted-average price of $5.80 for the 30,000-share purchase, with individual prices ranging from $5.76 to $5.88.

Who signed the Form 4 filing for these transactions?

The Form 4 was signed by Michael S. Lafair, Attorney-in-Fact on behalf of the reporting person on 09/16/2025.