AI assistant
CS Disco, Inc. — Director's Dealing 2022
Jul 14, 2022
33050_dirs_2022-07-14_c9f42fd0-031a-4e4d-bba3-a18a4304b9a9.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CS Disco, Inc. (LAW)
CIK: 0001625641
Period of Report: 2022-07-12
Reporting Person: Camara Kiwi (Chief Executive Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-07-12 | Employee Stock Option (right to buy) | $32.0 | A | 4366966 | Acquired | 2032-05-24 | Common Stock (4366966.0) | Direct |
Footnotes
F1: On May 25, 2022, the Reporting Person was granted a market-based stock option award to purchase 4,366,966 shares of common stock (the "Award") by the Issuer's board of directors, subject to stockholder approval of the Award. The Issuer's stockholders approved the Award on July 12, 2022.
F2: The Award will vest in six tranches upon the achievement of specified stock price milestones (each, a "Milestone Price") during the term of the Award, based upon the volume-weighted average closing price of the Issuer's common stock during any 90-calendar day period being equal to or greater than the applicable Milestone Price. The Award vests as follows: (i) 291,131 shares upon the achievement of a Milestone Price of $150 per share; (ii) 436,697 shares upon the achievement of a Milestone Price of $300 per share; (iii) 727,827 shares upon the achievement of a Milestone Price of $450 per share; (iv) 970,437 shares upon the achievement of a Milestone Price of $600 per share; (v) 970,437 shares upon the achievement of a Milestone Price of $750 per share; and (vi) 970,437 shares upon the achievement of a Milestone Price of $900 per share.