STOCK TITAN

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

Filing Impact
(Low)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Karen Herckis, Executive Vice President and Chief HR Officer of CS Disco, Inc. (ticker: LAW), reported the sale of 5,677 shares of the issuer's common stock on 08/18/2025. The filing states the shares were sold solely to cover taxes and fees arising from the release and settlement of restricted stock units; the reporting person did not sell shares for any other reason. The weighted average price of the shares sold was $4.82, with actual transaction prices ranging from $4.82 to $4.86. After the sale, the reporting person beneficially owned 146,256 shares. The Form 4 was signed by an attorney-in-fact on 08/20/2025.

Karen Herckis, Vicepresidente esecutiva e Chief HR Officer di CS Disco, Inc. (ticker: LAW), ha dichiarato la vendita di 5.677 azioni del capitale sociale della società in data 18/08/2025. La comunicazione specifica che le azioni sono state vendute esclusivamente per coprire tasse e oneri derivanti dalla liberazione e liquidazione di unità azionarie vincolate; la persona segnalante non ha venduto azioni per altri motivi. Il prezzo medio ponderato delle azioni vendute è stato di $4,82, con prezzi effettivi delle transazioni compresi tra $4,82 e $4,86. Dopo la vendita, la persona segnalante deteneva in via beneficiaria 146.256 azioni. Il Modulo 4 è stato firmato da un procuratore il 20/08/2025.

Karen Herckis, vicepresidenta ejecutiva y directora de Recursos Humanos de CS Disco, Inc. (símbolo: LAW), informó la venta de 5.677 acciones comunes de la emisora el 18/08/2025. La presentación señala que las acciones se vendieron únicamente para cubrir impuestos y tasas derivados del desembolso y liquidación de unidades restringidas de acciones; la persona informante no vendió acciones por otra razón. El precio promedio ponderado de las acciones vendidas fue de $4,82, con precios de transacción reales que oscilaron entre $4,82 y $4,86. Tras la venta, la persona informante poseía beneficiariamente 146.256 acciones. El Formulario 4 fue firmado por un apoderado el 20/08/2025.

CS Disco, Inc.(티커: LAW)의 전무이사 겸 최고인사책임자(Cookie HR Officer) Karen Herckis는 2025-08-18에 발행회사의 보통주 5,677주를 매도했다고 보고했습니다. 제출서류에는 해당 주식이 제한주(RSU)의 해제 및 정산으로 발생한 세금 및 수수료만을 충당하기 위해 단독으로 매도되었으며, 보고자는 다른 사유로 주식을 매도하지 않았다고 기재되어 있습니다. 매도된 주식의 가중평균 가격은 $4.82였고, 실제 거래가격은 $4.82~$4.86 범위였습니다. 매도 후 보고자가 실질적으로 보유한 주식 수는 146,256주였습니다. Form 4는 대리인이 2025-08-20에 서명했습니다.

Karen Herckis, Vice-présidente exécutive et Chief HR Officer de CS Disco, Inc. (symbole : LAW), a déclaré la vente de 5 677 actions ordinaires de l'émetteur le 18/08/2025. Le dépôt précise que les actions ont été vendues uniquement pour couvrir les impôts et frais liés à la libération et au règlement d'unités d'actions restreintes ; la personne déclarant n'a vendu des actions pour aucune autre raison. Le prix moyen pondéré des actions vendues était de 4,82 $, les prix réels des transactions ayant varié entre 4,82 $ et 4,86 $. Après la vente, la personne déclarant détenait à titre bénéficiaire 146 256 actions. Le formulaire 4 a été signé par un mandataire le 20/08/2025.

Karen Herckis, Executive Vice President und Chief HR Officer von CS Disco, Inc. (Ticker: LAW), meldete am 18.08.2025 den Verkauf von 5.677 Aktien des Emittenten. Die Einreichung gibt an, dass die Aktien ausschließlich zum Ausgleich von Steuern und Gebühren aus der Freigabe und Abwicklung eingeschränkter Aktieneinheiten verkauft wurden; die meldende Person verkaufte die Aktien nicht aus anderen Gründen. Der gewichtete Durchschnittspreis der verkauften Aktien betrug $4,82, die tatsächlichen Transaktionspreise lagen zwischen $4,82 und $4,86. Nach dem Verkauf besaß die meldende Person wirtschaftlich 146.256 Aktien. Das Formular 4 wurde am 20.08.2025 von einem Bevollmächtigten unterschrieben.

Positive
  • Transparent disclosure of the reason for the sale (to cover taxes and fees) and the price range for transactions
  • Insider retains material ownership: reporting person continues to beneficially own 146,256 shares after the sale
Negative
  • None.

Insights

TL;DR: Routine post-vesting tax-cover sale of restricted stock units; disclosure consistent with Section 16 reporting requirements.

The Form 4 discloses a small, explicit disposition of shares to satisfy tax obligations tied to vested restricted stock units. This is a routine mechanics-driven transaction rather than an intentional divestiture or signal about company prospects. The filing provides transparency by noting the sale was solely to cover taxes and by giving the weighted average price and price range. No derivative or option activity was reported.

TL;DR: Insider sold 5,677 shares at a weighted average $4.82, leaving 146,256 shares beneficially owned.

From an investor-materiality perspective, the sale appears administrative: proceeds were used to satisfy tax withholding on RSU settlement. The filing lists the transaction code and discloses the price range, which supports trade transparency. The remaining beneficial ownership is disclosed, enabling stakeholders to track insider exposure. There is no indication of discretionary selling beyond tax withholding.

Karen Herckis, Vicepresidente esecutiva e Chief HR Officer di CS Disco, Inc. (ticker: LAW), ha dichiarato la vendita di 5.677 azioni del capitale sociale della società in data 18/08/2025. La comunicazione specifica che le azioni sono state vendute esclusivamente per coprire tasse e oneri derivanti dalla liberazione e liquidazione di unità azionarie vincolate; la persona segnalante non ha venduto azioni per altri motivi. Il prezzo medio ponderato delle azioni vendute è stato di $4,82, con prezzi effettivi delle transazioni compresi tra $4,82 e $4,86. Dopo la vendita, la persona segnalante deteneva in via beneficiaria 146.256 azioni. Il Modulo 4 è stato firmato da un procuratore il 20/08/2025.

Karen Herckis, vicepresidenta ejecutiva y directora de Recursos Humanos de CS Disco, Inc. (símbolo: LAW), informó la venta de 5.677 acciones comunes de la emisora el 18/08/2025. La presentación señala que las acciones se vendieron únicamente para cubrir impuestos y tasas derivados del desembolso y liquidación de unidades restringidas de acciones; la persona informante no vendió acciones por otra razón. El precio promedio ponderado de las acciones vendidas fue de $4,82, con precios de transacción reales que oscilaron entre $4,82 y $4,86. Tras la venta, la persona informante poseía beneficiariamente 146.256 acciones. El Formulario 4 fue firmado por un apoderado el 20/08/2025.

CS Disco, Inc.(티커: LAW)의 전무이사 겸 최고인사책임자(Cookie HR Officer) Karen Herckis는 2025-08-18에 발행회사의 보통주 5,677주를 매도했다고 보고했습니다. 제출서류에는 해당 주식이 제한주(RSU)의 해제 및 정산으로 발생한 세금 및 수수료만을 충당하기 위해 단독으로 매도되었으며, 보고자는 다른 사유로 주식을 매도하지 않았다고 기재되어 있습니다. 매도된 주식의 가중평균 가격은 $4.82였고, 실제 거래가격은 $4.82~$4.86 범위였습니다. 매도 후 보고자가 실질적으로 보유한 주식 수는 146,256주였습니다. Form 4는 대리인이 2025-08-20에 서명했습니다.

Karen Herckis, Vice-présidente exécutive et Chief HR Officer de CS Disco, Inc. (symbole : LAW), a déclaré la vente de 5 677 actions ordinaires de l'émetteur le 18/08/2025. Le dépôt précise que les actions ont été vendues uniquement pour couvrir les impôts et frais liés à la libération et au règlement d'unités d'actions restreintes ; la personne déclarant n'a vendu des actions pour aucune autre raison. Le prix moyen pondéré des actions vendues était de 4,82 $, les prix réels des transactions ayant varié entre 4,82 $ et 4,86 $. Après la vente, la personne déclarant détenait à titre bénéficiaire 146 256 actions. Le formulaire 4 a été signé par un mandataire le 20/08/2025.

Karen Herckis, Executive Vice President und Chief HR Officer von CS Disco, Inc. (Ticker: LAW), meldete am 18.08.2025 den Verkauf von 5.677 Aktien des Emittenten. Die Einreichung gibt an, dass die Aktien ausschließlich zum Ausgleich von Steuern und Gebühren aus der Freigabe und Abwicklung eingeschränkter Aktieneinheiten verkauft wurden; die meldende Person verkaufte die Aktien nicht aus anderen Gründen. Der gewichtete Durchschnittspreis der verkauften Aktien betrug $4,82, die tatsächlichen Transaktionspreise lagen zwischen $4,82 und $4,86. Nach dem Verkauf besaß die meldende Person wirtschaftlich 146.256 Aktien. Das Formular 4 wurde am 20.08.2025 von einem Bevollmächtigten unterschrieben.

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*
Herckis Karen

(Last) (First) (Middle)
111 CONGRESS AVE.
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 HR Officer
3. Date of Earliest Transaction (Month/Day/Year)
08/18/2025
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 08/18/2025 S 5,677(1) D $4.82(2) 146,256 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. 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.
2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.82 to $4.86. 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.
Remarks:
/s/ Michael S. Lafair, Attorney-in-Fact 08/20/2025
** 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 did Karen Herckis report on Form 4 for CS Disco (LAW)?

The report discloses a sale of 5,677 shares on 08/18/2025 to cover taxes and fees related to RSU settlement.

At what price were the LAW shares sold according to the Form 4?

The weighted average price was reported as $4.82, with transaction prices ranging from $4.82 to $4.86.

How many LAW shares does the reporting person own after the transaction?

After the reported sale, the reporting person beneficially owned 146,256 shares.

Was the sale part of a Rule 10b5-1 plan or an open-market sale?

The Form 4 indicates the sale was to cover taxes and fees from RSU settlement; it does not state that the transaction was made pursuant to a Rule 10b5-1 plan.

Who signed the Form 4 for the reporting person?

The filing was signed by Michael S. Lafair, Attorney-in-Fact on 08/20/2025.
Cs Disco Inc

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United States
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