Michael Lafair - Feb 20, 2024 Form 4 Insider Report for CS Disco, Inc. (LAW)

Signature
/s/ Michael S. Lafair
Stock symbol
LAW
Transactions as of
Feb 20, 2024
Transactions value $
-$36,193
Form type
4
Date filed
2/22/2024, 04:29 PM
Previous filing
Feb 9, 2024
Next filing
Mar 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LAW Common Stock Sale -$36.2K -4.76K -0.65% $7.61 729K Feb 20, 2024 Direct F1, F2
transaction LAW Common Stock Award $0 +106K +14.48% $0.00 835K Feb 22, 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 RSUs. 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.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.60 to $7.73 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 Represents restricted stock units ("RSUs") that were granted in February 2023 subject to performance-based vesting conditions pertaining to 2023 performance, the achievement of which was certified by the Compensation Committee on February 21, 2024. Of these RSUs, 4/12th of the shares will vest after two full business days have elapsed following the Issuer's release of 2023 earnings, and the remainder will vest in eight equal quarterly installments with the first vest date occurring on May 16, 2024, and shall continue to vest on each quarterly date thereafter, subject to the reporting person's continuous service to the Issuer through each vesting date.