LAW CS Disco, Inc.
Price Chart
Executive Summary
Four C-suite insiders at CS Disco sold shares on May 18 at $3.61, raising $114K total (0.05% of $233M market cap), while the CEO's tax-withholding transaction on May 16 had $0 economic value. The sales occurred just 12 days after CS Disco reported a Q1 revenue beat and raised 2026 guidance, suggesting these are likely routine post-blackout-window liquidity trades rather than a bearish signal.
Key Financial Metrics
Actionable Insight
The timing (12 days post-earnings, all same day, same price) indicates coordinated post-blackout-window sales, not informed bearish conviction. The dollar amount is immaterial at 0.05% of market cap. Monitor Q2 2026 for sustained revenue growth trajectory, as the raised FY26 guidance ($169.25M-$178.75M) is the more impactful signal than this nominal insider selling.
Key Facts
- 4 open-market sales by EVP-level insiders on May 18, all at $3.61/share, totaling ~$114K
- CEO Eric Friedrichsen's May 16 tax-withholding surrender of 44,492 shares ($170K) was a $0 economic transaction
- Total cluster value ($114K) is only 0.05% of LAW's $233M market cap
- Sales occurred 12 days after CS Disco's Q1 2026 earnings beat (revenue $41.9M, +14% YoY) and raised full-year guidance
- Historical performance on LAW reports shows 100% win rate at T+20 (n=5), and broker consensus is 71% bullish (5 of 7 analysts Buy/Strong Buy)
Financial Impact
Open-market sales total $114K, representing 0.05% of market cap — trivial relative to company size
Risk Factors
- If all four EVPs continue selling at material volumes in subsequent windows, it could signal waning confidence in the growth story
- GAAP EPS miss (-$0.15 vs consensus -$0.09) may weigh on valuation if profitability improvement stalls
- Revenue guidance midpoint implies ~12% YoY growth for FY2026 vs 14% in Q1 — deceleration could pressure the stock
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-LAW-1779221477548 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 19, 2026
21d ago
|
Insider Cluster
| $3.84 $3.71 | ▼ −3.39% | ▼ −4.62% | $3.69 (−3.91%) |
|
May 6, 2026
4w ago
|
8-K
| $3.72 $3.79 | ▲ +1.88% | ▲ +0.75% | $3.69 (−0.81%) |
|
Apr 23, 2026
6w ago
|
8-K
| $3.94 $4.50 | ▲ +14.21% | ▲ +12.74% | $3.69 (−6.35%) |
|
Feb 27, 2026
14w ago
|
Insider Cluster
| $3.25 $4.79 | ▲ +47.38% | ▲ +49.37% | $3.69 (+13.54%) |
|
Feb 27, 2026
14w ago
|
Insider Cluster
| $3.25 $4.79 | ▲ +47.38% | ▲ +49.37% | $3.69 (+13.54%) |
|
Feb 27, 2026
14w ago
|
Insider Cluster
| $3.25 $4.79 | ▲ +47.38% | ▲ +49.37% | $3.69 (+13.54%) |
|
Feb 25, 2026
14w ago
|
8-K
| $2.76 $4.19 | ▲ +51.81% | ▲ +52.91% | $3.69 (+33.70%) |
US Market Status
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