Friedrichsen Eric 4

What Happened

• Eric Friedrichsen, CEO of CS Disco, had 35,699 shares withheld by the company on Feb 16, 2026 to cover tax liability arising from the vesting of a time‑based restricted stock award. The withholding price reported was $3.71 per share, for a total value of approximately $132,443. This was a tax‑withholding event (code F), not a discretionary open‑market sale.

Key Details

• Transaction date: 2026-02-16; reported on Form 4 filed 2026-02-18 (timely).
• Withheld shares: 35,699 at $3.71 per share — total value ≈ $132,443.
• Transaction code: F = tax withholding to satisfy tax liability on vested restricted stock.
• Footnote F1: Shares were withheld by the issuer to cover tax liability and do not represent a discretionary sale by the reporting person.
• Footnote F2: The report also notes 1,000 shares from the 2021 ESPP (Aug 1, 2025–Jan 31, 2026 purchase period) purchased at 85% of the Aug 1, 2025 closing price.
• Shares owned after the transaction: not specified in the provided filing summary.
• Exhibit: Power of Attorney listed (Exhibit 24).

Context

• This is a routine tax‑withholding event tied to vesting of restricted stock, effectively a cashless delivery to cover taxes rather than a sell decision; such withholdings generally do not signal insider sentiment about the company’s stock price.