Crum Richard Francis sold $31K of LAW

Crum Richard Francis (EVP, Chief Prod & Tech Officer) sold 7,426 shares of CS Disco, Inc. (LAW) at $4.18 on 2026-08-17.

Original reporting
SEC EDGAR · Crum Richard Francis
Published Aug 19, 2026, 8:41 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Aug 19, 2026, 9:02 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
AlphAI market briefInsider activity
Primary signal
$LAW
Neutral
high confidence
Mentioned
$LAW
Relevance
3/10
AlphAI data visualization · based on SEC EDGAR
Decision brief

The 30-second read

$LAWNeutralLow
01

Why it matters

The sale is modest and does not suggest a material shift in confidence.

02

Market read

Minor insider sale with limited trading relevance.

03

What to watch

Potential upcoming dilution or strategic changes not disclosed.

Relevance 3/10Novelty 5/10Timing: post‑market filing on Aug 19, 2026

Background

Form 4 filings disclose insider transactions; traders watch for material changes in insider holdings.

Company-level read

Ticker impact

$LAWNeutralHigh confidence
Context

Officer Richard Francis sold 7,426 shares of CS Disco for $31,040, reducing his stake to 335,183 shares.

Expected impact

No significant impact expected.

Evidence & confidence

Sale size is small relative to float and market cap; typical for 10b5‑1 plans.

Market effects

None; CS Disco operates in niche legal tech.

None; US‑listed micro‑cap.

Low

Counterpoint

Even small insider sales can signal concerns; monitor for further disposals.

Key entities

  • CS Disco, Inc.

    Legal tech software provider (ticker LAW).

  • Richard Francis

    Executive Vice President, Chief Product & Technology Officer.

Full insider trading history

This story covers one filing. See everything behind it: every insider buy and sell on record, 10b5-1 plans, late filings, and which officers and directors are trading.

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CS Disco (LAW) Q3 2026 Earnings Call Transcript

CS Disco (LAW) reported Q3 2026 revenue of $45.3M, up 15% YoY, and achieved adjusted EBITDA profitability. Software revenue grew 13% to $38.6M, while services revenue rose 21% to $6.7M. The company raised FY 2026 revenue guidance to $176.1M-$178.1M, citing strong adoption of its DISCO platform and AI tools. CEO Friedrichsen highlighted AI's impact on e-discovery efficiency. The company also expanded its pilot program for a unified litigation solution.