Form 4 for LAW CS Disco, Inc.
Accepted 2024-02-22 00:00:00 ET · period of report 2024-02-20 · accession 0001625641-24-000039 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024-02-22 | 2024-02-20 | LAW | Lafair Michael | EVP, CFO | S - Sale | $7.61 | -4,756 | 729.4K | -0.6% | -$36.2K | |
| 2024-02-22 | 2024-02-22 | LAW | Lafair Michael | EVP, CFO | A - Grant | $0.00 | +105.6K | 835.0K | +14% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-02-20 | S | D | 4,756 | $7.61 | 729,381 | D | — | — | (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 RSUs. 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 $7.60 to $7.73 inclusive. 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. |
| 2 | Common | Common Stock | 2024-02-22 | A | A | 105,578 | $0.00 | 834,959 | D | — | — | (F3) Represents restricted stock units ("RSUs") that were granted in February 2023 subject to performance-based vesting conditions pertaining to 2023 performance, the achievement of which was certified by the Compensation Committee on February 21, 2024. Of these RSUs, 4/12th of the shares will vest after two full business days have elapsed following the Issuer's release of 2023 earnings, and the remainder will vest in eight equal quarterly installments with the first vest date occurring on May 16, 2024, 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. |