Tax-cover sale by CS Disco (NYSE: LAW) legal chief of 6,972 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CS Disco, Inc. reported an insider tax-cover sale by its General Counsel and Chief Compliance Officer, Susan Garcia. She sold 6,972 shares of common stock on a mandatory basis to cover taxes and fees due upon settlement of restricted stock units, at a weighted average price between $3.61 and $3.62 per share. After this transaction, she directly holds 145,949 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 6,972 shares ($25,169)
Net Sell
1 txn
Insider
Garcia Susan
Role
GC & Chief Compliance Officer
Sold
6,972 shs ($25K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 6,972 | $3.61 | $25K |
Holdings After Transaction:
Common Stock — 145,949 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 $3.61 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: 6,972 shares
Weighted average sale price: $3.61 per share
Sale price range: $3.61–$3.62 per share
+1 more
4 metrics
Shares sold
6,972 shares
Mandatory tax-cover sale of common stock
Weighted average sale price
$3.61 per share
Open-market tax-cover sale
Sale price range
$3.61–$3.62 per share
Multiple transactions within this band
Shares held after transaction
145,949 shares
Direct ownership following sale
Key Terms
mandatory sale to cover taxes, restricted stock units, weighted average price
3 terms
mandatory sale to cover taxes financial
"Represents the aggregate number of shares sold ... as a result of a mandatory sale to cover taxes and fees"
restricted stock units financial
"taxes and fees 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.
FAQ
What insider transaction did CS Disco (LAW) report for Susan Garcia?
CS Disco reported that General Counsel and Chief Compliance Officer Susan Garcia sold 6,972 common shares. The sale was mandatory to cover taxes and fees tied to restricted stock unit settlement, rather than a discretionary reduction of her ownership stake.
Was Susan Garcia’s CS Disco (LAW) sale an open-market transaction?
The transaction is coded as an open-market sale, but footnotes clarify it was effectively a mandatory sale. Shares were sold solely to satisfy tax and fee requirements triggered by restricted stock unit settlement, rather than a voluntary portfolio decision.