Kiwi Camara - Jul 12, 2022 Form 4 Insider Report for CS Disco, Inc. (LAW)

Role: Chief Executive Officer
Signature: /s/ Michael Lafair, Attorney-in-Fact
Stock symbol: LAW
Transactions as of: Jul 12, 2022
Transactions value $: $0
Form type: 4
Date filed: 7/14/2022, 04:25 PM
Previous filing: Nov 18, 2021
Next filing: Aug 15, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LAW	Employee Stock Option (right to buy)	Award	$0	+4.37M		$0.00	4.37M	Jul 12, 2022	Common Stock	4.37M	$32.00	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On May 25, 2022, the Reporting Person was granted a market-based stock option award to purchase 4,366,966 shares of common stock (the "Award") by the Issuer's board of directors, subject to stockholder approval of the Award. The Issuer's stockholders approved the Award on July 12, 2022.
F2	The Award will vest in six tranches upon the achievement of specified stock price milestones (each, a "Milestone Price") during the term of the Award, based upon the volume-weighted average closing price of the Issuer's common stock during any 90-calendar day period being equal to or greater than the applicable Milestone Price. The Award vests as follows: (i) 291,131 shares upon the achievement of a Milestone Price of $150 per share; (ii) 436,697 shares upon the achievement of a Milestone Price of $300 per share; (iii) 727,827 shares upon the achievement of a Milestone Price of $450 per share; (iv) 970,437 shares upon the achievement of a Milestone Price of $600 per share; (v) 970,437 shares upon the achievement of a Milestone Price of $750 per share; and (vi) 970,437 shares upon the achievement of a Milestone Price of $900 per share.

Content

On May 25, 2022, the Reporting Person was granted a market-based stock option award to purchase 4,366,966 shares of common stock (the "Award") by the Issuer's board of directors, subject to stockholder approval of the Award. The Issuer's stockholders approved the Award on July 12, 2022.

The Award will vest in six tranches upon the achievement of specified stock price milestones (each, a "Milestone Price") during the term of the Award, based upon the volume-weighted average closing price of the Issuer's common stock during any 90-calendar day period being equal to or greater than the applicable Milestone Price. The Award vests as follows: (i) 291,131 shares upon the achievement of a Milestone Price of $150 per share; (ii) 436,697 shares upon the achievement of a Milestone Price of $300 per share; (iii) 727,827 shares upon the achievement of a Milestone Price of $450 per share; (iv) 970,437 shares upon the achievement of a Milestone Price of $600 per share; (v) 970,437 shares upon the achievement of a Milestone Price of $750 per share; and (vi) 970,437 shares upon the achievement of a Milestone Price of $900 per share.