Herckis Karen 4

What Happened
Karen Herckis, EVP and Chief HR Officer of CS Disco (LAW), had two types of transactions reported. On Feb 17, 2026 she sold 8,171 shares in an open‐market sale for a weighted average price of $3.07, generating $25,085; the filing notes the sale was a mandatory sale to cover taxes/fees. On Feb 18, 2026 she was credited with two RSU awards totaling 69,592 RSUs (41,726 and 27,866), reported at $0.00 because these are restricted stock units that vest over time.

Key Details

• Transaction dates and prices:
  • Sale: 2026-02-17 — 8,171 shares sold, weighted average price $3.07 (range $3.04–$3.08) for $25,085. (Footnotes F1, F2)
  • Awards: 2026-02-18 — 41,726 RSUs and 27,866 RSUs granted/credited (reported at $0.00). (Footnotes F3, F4)
• Reason for sale: Footnote F1 states the shares were sold solely to cover required taxes and fees upon RSU settlement (routine tax withholding).
• Vesting/conditions:
  • The 41,726 RSUs vest in 16 equal quarterly installments starting May 16, 2026, subject to continued service. (F3)
  • The 27,866 RSUs are performance-based (granted Feb 2025); certification of 2025 performance occurred Feb 18, 2026. One-quarter vests after two business days following release of 2025 earnings; the remainder vests in 12 equal quarterly installments starting May 16, 2026, subject to service. (F4)
• Shares owned after transaction: Not reported on this Form 4.
• Filing timeliness: Form 4 was filed Feb 19, 2026 (transactions occurred Feb 17–18), which is within the standard two-business-day reporting window — no late filing indicated.
• Exhibit: Power of Attorney listed (Exhibit 24).

Context
RSU awards are not immediate free shares — they convert to common stock only as they vest and subject to service/performance conditions, so the reported awards do not represent immediate selling power. The small open‑market sale here is described as a tax-withholding sale (routine) and should not be interpreted on its own as a bullish or bearish signal about company prospects.