CS Disco (NYSE: LAW) EVP Crum sells 7,492 shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CS Disco, Inc. executive Richard Francis Crum reported a small tax-related stock sale. On the reported date, he sold 7,492 shares of common stock at a weighted average price of $3.61 per share in open-market transactions. According to the footnotes, all shares were sold solely to cover taxes and fees due upon the release and settlement of restricted stock units, and not for any other purpose. After these sales, he directly held 341,609 shares of CS Disco common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 7,492 shares ($27,046)
Net Sell
1 txn
Insider
Crum Richard Francis
Role
EVP, Chief Prod & Tech Officer
Sold
7,492 shs ($27K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 7,492 | $3.61 | $27K |
Holdings After Transaction:
Common Stock — 341,609 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: 7,492 shares
Weighted average sale price: $3.61 per share
Post-transaction holdings: 341,609 shares
+1 more
4 metrics
Shares sold
7,492 shares
Open-market sale to cover RSU taxes and fees
Weighted average sale price
$3.61 per share
Common stock sale in multiple transactions
Post-transaction holdings
341,609 shares
Direct ownership after reported sale
Sale price range
$3.60–$3.62 per share
Prices of individual sale transactions
Key Terms
restricted stock units, weighted average price, open-market sale, Form 4
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.
Form 4 regulatory
"shares reported on this Form 4 for any reason other than"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did CS Disco (LAW) report for Richard Francis Crum?
CS Disco reported that executive Richard Francis Crum sold 7,492 shares of common stock. The filing states the sale was conducted in the open market solely to cover taxes and fees due upon the release and settlement of restricted stock units.
What is Richard Francis Crum’s role at CS Disco (LAW) mentioned in the Form 4?
The filing identifies Richard Francis Crum as an officer of CS Disco, serving as EVP, Chief Product & Technology Officer. His role is disclosed to provide context on his status as a corporate insider subject to Form 4 reporting requirements.