Crum Richard Francis 4

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.