Insider Trading February 19, 2026

CS Disco General Counsel Sells Small Stake, Receives Large Restricted Stock Awards as Firm Advances AI and Leadership Changes

Susan Garcia sold 3,743 shares for $11,491 and acquired restricted stock units; DISCO names new CFO and plans agentic AI feature ahead of upcoming earnings

By Nina Shah LAW
CS Disco General Counsel Sells Small Stake, Receives Large Restricted Stock Awards as Firm Advances AI and Leadership Changes
LAW

CS Disco's General Counsel and Chief Compliance Officer, Susan Garcia, reported the sale of 3,743 shares of common stock on February 17, 2026, for a total of $11,491, according to a Form 4 filing. The filing also shows that on February 18, 2026, Garcia received restricted stock unit awards totaling two separate grants of 42,910 and 41,730 shares at no cost. The company is due to report earnings on February 25, and InvestingPro commentary cited in filings notes the stock has shown recent weakness but appears undervalued at current levels. Separately, CS Disco has signaled product and leadership developments, announcing plans to roll out an agentic AI tool for legal fact investigation and eDiscovery later this year and the appointment of Aaron Barfoot as Chief Financial Officer effective January 12, 2026.

Key Points

  • Susan Garcia sold 3,743 shares of CS Disco common stock on February 17, 2026, for $11,491 at an average price of $3.07 per share, with trade prices ranging from $3.04 to $3.08.
  • On February 18, 2026, Garcia was awarded restricted stock units comprising two grants of 42,910 and 41,730 shares at no cost.
  • CS Disco plans to introduce an agentic AI tool for legal fact investigation and eDiscovery later this year and appointed Aaron Barfoot as CFO effective January 12, 2026; the company reports earnings on February 25.

CS Disco, Inc. (NYSE:LAW) disclosed insider transaction activity involving its General Counsel and Chief Compliance Officer, Susan Garcia, in a Form 4 filed with the Securities and Exchange Commission.

The filing records a sale executed on February 17, 2026, in which Ms. Garcia sold 3,743 shares of common stock at a weighted average price of $3.07 per share. Reported trade prices spanned a narrow band from $3.04 to $3.08, producing aggregate proceeds of $11,491.

Immediately following that sale, the disclosure indicates that Ms. Garcia acquired restricted stock unit awards on February 18, 2026. The filing lists two awards: one for 42,910 shares and another for 41,730 shares, both received at no cost as restricted stock units.


Valuation context and near-term corporate events

The filing references InvestingPro analysis noting that, despite recent weakness in the share price, the stock appears undervalued at current levels. The company is scheduled to report quarterly results on February 25, five days after the reported Form 4 transactions.

Product and leadership developments

CS Disco has announced a planned rollout later this year of an agentic AI tool intended to support legal fact investigation and eDiscovery. The company described the offering as an enhancement to its existing AI platform, incorporating an autonomous, multi-step reasoning engine to assist legal professionals in working through large legal datasets.

In addition to the product announcement, CS Disco appointed Aaron Barfoot as Chief Financial Officer effective January 12, 2026. The company noted that Barfoot previously served as CFO at Socure and has held roles at Forter, Anaconda, ClearDATA, and Rackspace.


What the filings show

  • Insider sale: 3,743 shares sold on February 17, 2026, at a weighted average price of $3.07, for total proceeds of $11,491.
  • Restricted stock unit awards: two grants received on February 18, 2026, for 42,910 and 41,730 shares at no cost.
  • Corporate developments: planned agentic AI tool for legal fact investigation and eDiscovery; appointment of Aaron Barfoot as CFO effective January 12, 2026.

The filings and accompanying commentary provide factual detail about insider activity and corporate initiatives but do not include additional context about the timing or vesting terms of the restricted stock units beyond the grant dates and quantities reported.

Risks

  • The filing notes recent weakness in the stock price, creating uncertainty about near-term market performance for CS Disco shares - this impacts equity investors and market participants tracking legal tech stocks.
  • An upcoming earnings report on February 25 introduces event risk that could influence valuation and investor sentiment ahead of any potential changes implied by the insider transactions - this affects shareholders and analysts monitoring quarterly results.
  • The disclosure does not specify vesting schedules or further terms for the restricted stock units, leaving uncertainty about the timing of future share issuance or potential dilution - this is relevant to existing equity holders and corporate governance observers.

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