CS Disco, Inc. (NASDAQ: LAW) reported an insider sale from its Executive Vice President and Chief Human Resources Officer, Karen Herckis, who disposed of 8,171 shares of common stock on February 17, 2026. The shares were sold at prices between $3.04 and $3.08 per share, producing gross proceeds of $25,084. The disposition reduced Herckis' direct holdings in the company; after the transaction she directly owns 132,259 shares, according to a Form 4 filed with the Securities and Exchange Commission.
The sale occurred while the company's stock was trading near its 52-week low of $2.91 and had declined 57% year-to-date. The filing indicates the transaction lowered Herckis' direct ownership stake but does not include any further detail about the motivations behind the sale.
On February 18, 2026, a separate filing shows Herckis acquired two blocks of Common Stock through restricted stock unit awards: 41,726 shares and 27,866 shares. Those awards were reported without a per-share price listed for the transactions, consistent with typical restricted stock unit grant reporting.
Balance sheet and valuation context
Analysis from InvestingPro, cited in the company materials, characterizes CS Disco as appearing undervalued at current market levels and notes the company carries more cash than debt on its balance sheet. The referenced Pro Research Report is presented as the source for deeper financial and growth analysis for investors seeking more detail on LAW's fundamentals.
Operational and leadership developments
Separately, CS Disco has outlined plans to introduce what it describes as the industry’s first scaled agentic AI tool for legal fact investigation and eDiscovery later this year. The offering is intended to expand the company’s AI platform by adding an autonomous, multi-step reasoning engine to its existing Cecilia Q&A capability, with the goal of improving the analysis of large legal datasets.
The company also confirmed a leadership change in finance. Aaron Barfoot was appointed chief financial officer effective January 12, 2026. Barfoot brings over 20 years of experience in finance and corporate development, with prior roles that include CFO at Socure and finance positions at Forter, Anaconda, ClearDATA, and Rackspace. The appointment was confirmed in an SEC filing.
What the filings show
- February 17, 2026 - Karen Herckis sold 8,171 shares at $3.04 to $3.08 per share, totaling $25,084.
- Post-sale direct ownership for Herckis is 132,259 shares.
- February 18, 2026 - Herckis received two restricted stock unit awards totaling 69,592 shares (41,726 and 27,866 shares), with no price per share listed.
- InvestingPro analysis included with the reporting labels CS Disco as appearing undervalued and notes a cash-heavy balance sheet relative to debt.
- CS Disco announced plans to launch an agentic AI product for legal fact investigation and eDiscovery later in the year and confirmed Aaron Barfoot as CFO as of January 12, 2026.
The filings provide direct disclosure of the insider sale and subsequent awards, while the company communications highlight product and leadership moves that accompany the reported insider activity.