CS Disco director purchases 6,500 shares under 10b5-1 plan
Rhea-AI Filing Summary
CS Disco, Inc. (LAW) director James Offerdahl purchased 6,500 shares of the company’s common stock on 08/14/2025 at a price of $4.92 per share, increasing his direct holdings to 220,652 shares. The Form 4 states the purchase was made pursuant to a Rule 10b5-1 trading plan. The filing is signed by an attorney-in-fact on 08/15/2025. No derivative transactions or other changes in beneficial ownership are reported on this form.
Positive
- Director purchase reported—James Offerdahl acquired 6,500 shares, increasing direct ownership to 220,652 shares.
- Transaction executed under a Rule 10b5-1 plan, indicating a prearranged trading arrangement consistent with insider trading policies.
- Timely Form 4 filing signed by attorney-in-fact, showing procedural compliance with Section 16 reporting.
Negative
- None.
Insights
TL;DR: A director purchased 6,500 shares under a 10b5-1 plan, modestly increasing direct holdings to 220,652 shares.
The reported purchase is a routine insider transaction executed under a Rule 10b5-1 plan, indicating a prearranged purchase rather than an opportunistic trade. The size of the trade (6,500 shares at $4.92) is small relative to the reported holding, so the market-impact signal is limited. This disclosure provides transparency on insider ownership but contains no operational or financial metrics.
TL;DR: Director-level insider purchase via 10b5-1 plan; procedural compliance and timely reporting observed.
The Form 4 shows compliance with Section 16 reporting and indicates the transaction was pre-scheduled under a 10b5-1 plan, which typically mitigates claims of selective trading. The filing includes the required signature by an attorney-in-fact. There is no indication of departures, option exercises, or other governance actions in this filing.