Research Summary
AI-generated summary of this SEC filing
CS Disco (LAW) EVP Melanie Antoon Sells 8,514 Shares
What Happened
Melanie Antoon, EVP & Chief Customer Officer of CS Disco (NASDAQ: LAW), disposed of 8,514 shares in an open‑market sale on August 17, 2026 for aggregate proceeds of about $35,589. The reported weighted-average price was $4.18; the shares were sold in multiple transactions at prices ranging from $4.18 to $4.25. According to the filing, the shares were sold only to cover taxes and fees due upon the release/settlement of restricted stock units (RSUs).
Key Details
- Transaction date: 2026-08-17 (reported on Form 4 filed 2026-08-19).
- Transaction type/code: Sale (S) — open-market/private sale to cover tax withholding.
- Shares sold: 8,514; weighted-average price: $4.18; price range: $4.18–$4.25.
- Total proceeds reported: $35,589.
- Shares owned after transaction: Not specified in the provided filing.
- Footnotes: F1 — sale was mandatory tax/fee withholding on RSU settlement; F2 — price is a weighted average; issuer/SEC staff may request full breakdown of trades by price.
- Timeliness: Filing appears timely (filed two days after the transaction), so no late-filing flag.
Context
This was a routine withholding sale tied to the vesting/settlement of RSUs, not an opportunistic sale for other reasons—such mandatory sales are common and don’t necessarily signal the insider’s view of the company. Purchases generally carry more direct informational value for investors; this filing documents a tax-related disposition.