CS Disco CFO Michael Lafair sells $68,227 in common stock

Published 20/02/2025, 02:06
CS Disco CFO Michael Lafair sells $68,227 in common stock

CS Disco (OTC:DSCSY), Inc. (NYSE:LAW), a company currently valued at $306 million, recently reported that Michael Lafair, the company’s Executive Vice President and Chief Financial Officer, executed a sale of common stock valued at approximately $68,227. According to InvestingPro data, the stock has shown significant volatility, with the price ranging between $4.67 and $8.57 over the past 52 weeks. This transaction, dated February 18, involved the sale of 13,146 shares at a price of $5.19 per share.

The sale was carried out to cover taxes and fees related to the settlement of restricted stock units (RSUs), as noted in the company’s recent SEC Form 4 filing. Prior to this sale, Lafair acquired additional RSUs on February 16, totaling 74,074 shares and 28,193 shares, respectively. These acquisitions were priced at $0, reflecting their nature as stock-based compensation. InvestingPro analysis shows the company maintains strong liquidity with a current ratio of 7.49, indicating robust short-term financial health.

Following these transactions, Lafair’s total direct ownership in CS Disco amounts to 865,793 shares. The RSUs are subject to vesting conditions, with the first vesting date set for May 16, 2025, contingent on Lafair’s continued service with the company. For deeper insights into CS Disco’s financial health and executive compensation trends, check out the comprehensive research report available on InvestingPro, which offers exclusive analysis of 1,400+ top stocks.

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