Crum Richard Francis 4
4 · CS Disco, Inc. · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
CS Disco EVP Richard Crum Receives 130,951 RSUs; Sells 6,508 Shares
What Happened
- Richard Francis Crum, EVP and Chief Product & Technology Officer of CS Disco (LAW), disposed of 6,508 shares on Feb 17, 2026 for a weighted average price of $3.07 (total ≈ $19,980). The filing states this sale was a mandatory sale to cover taxes/fees upon RSU settlement.
- On Feb 18, 2026 he was reported as receiving two RSU awards totaling 130,951 RSUs (61,110 and 69,841 RSUs). These were reported as acquisitions at $0 (awards/grants), not open-market purchases.
Key Details
- Transaction dates: Sale on 2026-02-17; Awards granted on 2026-02-18; Form 4 filed 2026-02-19 (timely).
- Sale price: weighted avg $3.07; sale prices ranged from $3.04 to $3.08 (footnote).
- Sale reason: footnote states the 6,508-share sale was mandatory to cover taxes/fees on RSU release (tax withholding), not a discretionary sale.
- Awards: 130,951 RSUs granted. Footnotes:
- Some acquired shares include ESPP purchases (750 shares from the Aug 1, 2024–Jan 31, 2025 period and 1,000 shares from Aug 1, 2025–Jan 31, 2026) purchased at 85% of applicable prices.
- RSU vesting: one award vests in 16 equal quarterly installments starting May 16, 2026 (subject to continuous service).
- Performance RSUs (granted Feb 2025, certified Feb 18, 2026): 1/4 vests after two business days following the Issuer's release of 2025 earnings; the remainder vests in 12 equal quarterly installments beginning May 16, 2026 (subject to service).
- Shares owned after the transactions: not specified in the reported information.
- Exhibit: Power of Attorney (Exhibit 24) included.
Context
- The Feb 17 sale appears to be a routine, mandatory tax-withholding sale tied to the settlement of equity awards rather than a discretionary sell signal. The larger action is the grant of RSUs (time- and performance-based), which creates future potential upside if performance/time vesting conditions are met.
Insider Transaction Report
Form 4
Crum Richard Francis
EVP, Chief Prod & Tech Officer
Transactions
- Sale
Common Stock
[F1][F2][F3]2026-02-17$3.07/sh−6,508$19,980→ 224,412 total - Award
Common Stock
[F4]2026-02-18+61,110→ 285,522 total - Award
Common Stock
[F5]2026-02-18+69,841→ 355,363 total
Footnotes (5)
- [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 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.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.04 to $3.08. 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]Includes 750 shares pursuant to the 2021 Employee Stock Purchase Plan ("ESPP"), for the purchase period of August 1, 2024 to January 31, 2025. In accordance with the ESPP, these shares were purchased at a price equal to 85% of the closing price of the Issuer's common stock on January 31, 2025. In addition, this total also includes 1,000 shares pursuant to the 2021 Employee Stock Purchase Plan ("ESPP"), for the purchase period of August 1, 2025 to January 31, 2026. In accordance with the ESPP, these shares were purchased at a price equal to 85% of the closing price of the Issuer's common stock on August 1, 2025.
- [F4]Represents a restricted stock unit ("RSU") award. Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs shall vest in 16 equal quarterly installments with the first vest date occurring on May 16, 2026, 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.
- [F5]Represents RSUs that were granted in February 2025 subject to performance-based vesting conditions pertaining to 2025 performance, the achievement of which was certified by the Compensation Committee on February 18, 2026. Of these RSUs, 1/4th of the shares will vest after two full business days have elapsed following the Issuer's release of 2025 earnings, and the remainder will vest in twelve equal quarterly installments with the first vest date occurring on May 16, 2026, 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.
Signature
/s/ Aaron Barfoot, Attorney-in-Fact|2026-02-19