Michael Lafair - Aug 11, 2022 Form 4 Insider Report for CS Disco, Inc. (LAW)

Role
Chief Financial Officer
Signature
/s/ Michael S. Lafair
Stock symbol
LAW
Transactions as of
Aug 11, 2022
Transactions value $
-$1,439,912
Form type
4
Date filed
8/15/2022, 07:58 PM
Previous filing
Aug 3, 2022
Next filing
Sep 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LAW Common Stock Options Exercise $48.1K +32.1K +8.2% $1.50* 423K Aug 11, 2022 Direct
transaction LAW Common Stock Sale -$1.44M -48.8K -11.51% $29.53 375K Aug 11, 2022 Direct F1, F2
transaction LAW Common Stock Options Exercise $30K +20K +5.34% $1.50* 395K Aug 15, 2022 Direct

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) Options Exercise -$48.1K -32.1K -31.44% $1.50* 70K Aug 11, 2022 Common Stock 32.1K $1.50 Direct F3
transaction LAW Employee Stock Option (right to buy) Options Exercise -$30K -20K -28.59% $1.50* 50K Aug 15, 2022 Common Stock 20K $1.50 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares were sold pursuant to a Rule 10b5-1 trading plan.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.50 to $29.76 inclusive. 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.
F3 Twenty-five percent (25%) of the shares underlying the option vested on December 31, 2018, and the remainder vested or shall vest in 36 equal monthly installments thereafter, subject to the Reporting Person's continued service to the Issuer through each vesting date.