CS Disco Director Buys $12K in Stock via 10b5-1 Plan
CS Disco, Inc.
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Filing Summary
CS Disco Director Buys $12K in Stock via 10b5-1 Plan
Company: CS Disco, Inc. (LAW) Form: 4 | Filed: 2026/02/11 Significance: Low
Insider: Offerdahl James Title: Director | Relationship: Director
Transaction: • Type: Purchase • Shares: 3,000 • Price: $3.99 • Value: $11,970 • Owned After: 223,652
Key Insight: A director made a small, pre-scheduled purchase of common stock, representing a negligible percentage of the company's market cap.
Market Context: The purchase was executed under a Rule 10b5-1 plan adopted in May 2025, reducing its value as a real-time sentiment indicator.
Comprehensive Analysis
SEC Filing Analysis: CS Disco, Inc. (LAW)
Executive Summary
- Trading Significance: Low
- Key Takeaway: A director made a minor, pre-scheduled purchase of common stock valued at approximately $12,000.
- Market Impact: The transaction is too small to have a meaningful market impact.
Company Information
| Field | Value |
|---|---|
| Company | CS Disco, Inc. |
| Ticker Symbol | LAW |
| CIK | 0001625641 |
| Industry | SERVICES-PREPACKAGED SOFTWARE |
Insider Information
| Field | Value |
|---|---|
| Name | Offerdahl James |
| CIK | 0001490198 |
| Title/Position | null |
| Relationship | Director |
Transaction Details
| Field | Value |
|---|---|
| Form Type | 4 |
| Transaction Date | 2026-02-09 |
| Transaction Code | P (Open market purchase) |
| Security Type | Common Stock |
| Shares Involved | 3,000 |
| Price Per Share | $3.99 |
| Total Value | $11,970 |
| Shares Owned After | 223,652 |
| Ownership Type | Direct |
Financial Impact Assessment
Transaction Materiality
| Metric | Value |
|---|---|
| Transaction Value | $11,970 |
| % of Market Cap | 0.005% |
| Shares Transacted | 3,000 |
| % of Shares Outstanding | 0.005% |
| Post-Transaction Ownership | 223,652 shares (0.36% of outstanding) |
| Materiality Assessment | Low |
Impact Evaluation
- Market Cap Context: For a company with a $250 million market cap, this $11,970 transaction is immaterial.
- Ownership Concentration: The purchase slightly increases the director's holding to 0.36% of outstanding shares, which is not a significant concentration.
- Transaction Significance: The transaction represents less than 0.01% of both the market capitalization and shares outstanding, placing it firmly in the 'Low' significance category.
Market Impact Analysis
Stock Impact Prediction
- Direction: Neutral
- Reasoning: The transaction size is negligible. While an insider purchase is technically a positive sign, its small scale and pre-scheduled nature under a 10b5-1 plan nullify any meaningful signal.
Volume & Sentiment
- Expected Volume Impact: None. The transaction is too small to affect trading volume.
- Sentiment Indicator: Neutral. The purchase is not indicative of a change in insider sentiment due to its pre-planned nature and small size.
Additional Context
Transaction Notes
- Special Circumstances: The filing notes that the shares were purchased pursuant to a Rule 10b5-1 trading plan adopted on May 15, 2025. This indicates the trade was pre-scheduled and not based on immediate, non-public information.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.