CS Disco (LAW) EVP sells 6,262 shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CS Disco, Inc. executive Richard Francis Crum, EVP and Chief Product & Technology Officer, reported an open-market sale of 6,262 shares of common stock at a weighted average price of $3.24 per share. According to the filing, all shares were sold solely to cover taxes and fees due upon the release and settlement of restricted stock units, and not for discretionary portfolio reasons. Following this mandatory tax-related sale, he continues to hold 349,101 shares of CS Disco common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 6,262 shares ($20,289)
Net Sell
1 txn
Insider
Crum Richard Francis
Role
EVP, Chief Prod & Tech Officer
Sold
6,262 shs ($20K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 6,262 | $3.24 | $20K |
Holdings After Transaction:
Common Stock — 349,101 shares (Direct)
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 $3.10 to $3.37. 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.
FAQ
What insider transaction did CS Disco (LAW) report for Richard Francis Crum?
CS Disco reported that EVP and Chief Product & Technology Officer Richard Francis Crum sold 6,262 shares of common stock. The sale was an open-market transaction executed to cover taxes and fees tied to the release and settlement of his restricted stock units.
Was the CS Disco (LAW) insider sale by Richard Francis Crum discretionary?
The sale was not discretionary. The filing states the 6,262 shares were sold solely to cover mandatory taxes and fees due upon the release and settlement of restricted stock units, rather than for personal investment or portfolio management purposes.
What role does Richard Francis Crum hold at CS Disco (LAW)?
Richard Francis Crum serves as Executive Vice President, Chief Product & Technology Officer at CS Disco. His Form 4 filing reflects his insider status and reports the mandatory sale of 6,262 shares to cover taxes on vested restricted stock units.