LAWNYSEServices-Prepackaged SoftwareFiscal year ends December 31
CS Disco, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$4.50+0.06 (+1.35%)
Close on Oct 19, 2026
- Market cap
- $290.20M
- P/E (TTM)
- –
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
54.5%
35M of 65M shares
Institutional holders
120
17 new, 17 sold out
Net institutional buying
-0M
In Q2 2026
Insider trades, 12 months
11 buys · 22 sales
Net bought $2.94M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Krishna Srinivasan | 7,878,717 | 12.60% | 13G (passive) amendment | Sep 30, 2025 |
| Topline Capital Partners, LP | 3,224,469 | 5.10% | 13G (passive) | Jul 25, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of LAW | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Deer Management Co. LLC | 8,652,826 | 13.33% | $32.71M | – | 4.03% |
| Stephens Group, LLC | 7,796,632 | 12.01% | $29.47M | – | 14.28% |
| BlackRock, Inc. | 2,015,188 | 3.10% | $7.62M | +280,747 | 0.00% |
| Topline Capital Management, LLC | 1,466,665 | 2.26% | $5.54M | −1,156,449 | 1.44% |
| Solel Partners LP | 1,187,945 | 1.83% | $4.49M | +143,501 | 0.76% |
| Lakewood Capital Management, LP | 1,106,531 | 1.70% | $4.18M | – | 0.22% |
| Vanguard Capital Management LLC | 1,083,315 | 1.67% | $4.09M | +16,695 | 0.00% |
| Aqr Capital Management LLC | 901,256 | 1.39% | $3.41M | +278,195 | 0.00% |
| Vanguard Portfolio Management LLC | 810,548 | 1.25% | $3.06M | +56,195 | 0.00% |
| Formula Growth Ltd | 800,000 | 1.23% | $3.02M | – | 1.06% |
| Geode Capital Management, LLC | 694,388 | 1.07% | $2.63M | +144,905 | 0.00% |
| Dimensional Fund Advisors LP | 671,732 | 1.03% | $2.54M | −110,293 | 0.00% |
| Jacobs Levy Equity Management, Inc | 652,578 | 1.01% | $2.47M | +241,684 | 0.01% |
| Acadian Asset Management LLC | 602,825 | 0.93% | $2.27K | +126,734 | 0.00% |
| Norges Bank | 547,947 | 0.84% | $2.07M | New | 0.00% |
| State Street Corp | 547,624 | 0.84% | $2.07M | +3,502 | 0.00% |
| Arrowstreet Capital, Limited Partnership | 495,852 | 0.76% | $1.87M | +19,100 | 0.00% |
| Millennium Management LLC | 307,539 | 0.47% | $1.16M | +131,475 | 0.00% |
| Bridgeway Capital Management, LLC | 283,252 | 0.44% | $1.07M | +24,600 | 0.02% |
| Northern Trust Corp | 266,337 | 0.41% | $1.01M | −4,458 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 120 | 35M | 54.5% | 17 / 50 | 31 / 17 | 3M | 3M |
| Q1 2026 | 122 | 36M | 54.8% | 26 / 48 | 29 / 26 | 4M | 3M |
| Q4 2025 | 125 | 36M | 56.0% | 21 / 51 | 33 / 8 | 3M | 1M |
| Q3 2025 | 115 | 34M | 53.1% | 22 / 36 | 33 / 10 | 2M | 2M |
| Q2 2025 | 103 | 34M | 52.7% | 21 / 37 | 28 / 12 | 3M | 3M |
| Q1 2025 | 95 | 34M | 52.6% | 14 / 26 | 40 / 14 | 1M | 1M |
| Q4 2024 | 97 | 34M | 52.8% | 21 / 27 | 30 / 13 | 3M | 2M |
| Q3 2024 | 90 | 33M | 50.7% | 12 / 31 | 24 / 11 | 3M | 1M |
| Q2 2024 | 90 | 33M | 50.9% | 11 / 35 | 28 / 18 | 1M | 4M |
| Q1 2024 | 98 | 36M | 55.1% | 11 / 33 | 30 / 11 | 1M | 1M |
| Q4 2023 | 98 | 36M | 55.1% | 15 / 36 | 28 / 24 | 3M | 2M |
| Q3 2023 | 108 | 35M | 53.3% | 22 / 23 | 35 / 10 | 2M | 1M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of LAW | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 759,612 | 1.17% | $2.87M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 750,473 | 1.16% | $2.84M | 0.00% | Jun 30, 2026 |
| Vanguard Information Technology Index Fund | 611,427 | 0.94% | $2.44M | 0.00% | May 31, 2026 |
| Fidelity Small Cap Index Fund | 310,729 | 0.48% | $1.21M | 0.00% | Jul 31, 2026 |
| Vanguard Extended Market Index Fund | 291,353 | 0.45% | $1.10M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 Growth ETF | 202,569 | 0.31% | $765.71K | 0.00% | Jun 30, 2026 |
| Ultra-Small Company Fund | 193,652 | 0.30% | $732.00K | 0.74% | Jun 30, 2026 |
| U.S. Micro Cap Portfolio | 163,485 | 0.25% | $637.59K | 0.01% | Jul 31, 2026 |
| College Retirement Equities Fund - Total Global Stock Account | 154,435 | 0.24% | $583.76K | 0.00% | Jun 30, 2026 |
| Vanguard Russell 2000 Index Fund | 137,564 | 0.21% | $548.88K | 0.00% | May 31, 2026 |
| U.S. Small Cap Portfolio | 130,576 | 0.20% | $509.25K | 0.00% | Jul 31, 2026 |
| Dimensional U.S. Small Cap ETF | 127,707 | 0.20% | $498.06K | 0.00% | Jul 31, 2026 |
| Schwab U.S. Small-Cap ETF | 121,218 | 0.19% | $483.66K | 0.00% | May 31, 2026 |
| Fidelity Extended Market Index Fund | 111,402 | 0.17% | $444.49K | 0.00% | May 31, 2026 |
| VIP Disciplined Small Cap Portfolio | 98,952 | 0.15% | $374.04K | 0.06% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Eric Friedrichsen | Chief Executive Officer, Director | 1,436,688 | 2.21% | Aug 18, 2026 |
| Richard Francis Crum | EVP, Chief Prod & Tech Officer | 335,183 | 0.52% | Aug 19, 2026 |
| Karen Herckis | EVP, Chief HR Officer | 181,824 | 0.28% | Aug 19, 2026 |
| Susan Garcia | GC & Chief Compliance Officer | 139,109 | 0.21% | Aug 19, 2026 |
| Melanie Antoon | EVP, Chief Customer Officer | 267,507 | 0.41% | Aug 19, 2026 |
| Aaron Joseph Barfoot | EVP, Chief Financial Officer | 246,609 | 0.38% | Jan 14, 2026 |
| Michael Lafair | EVP, Chief Financial Officer | 799,314 | 1.23% | Jan 2, 2026 |
| Andre L. Mintz | Director | 74,442 | 0.11% | Jul 23, 2026 |
| Robert P. Goodman | Director | 80,247 | 0.12% | Jun 12, 2026 |
| Scott A. Hill | Director | 314,326 | 0.48% | Jun 11, 2026 |
| Susan L. Blount | Director | 135,919 | 0.21% | Jun 11, 2026 |
| Krishna Srinivasan | Director | 7,965,361 | 12.27% | Jun 11, 2026 |
| James Offerdahl | Director | 264,748 | 0.41% | Jun 11, 2026 |
| Thomas F. Bogan | Director | 212,186 | 0.33% | Jun 11, 2026 |
| Toby J. Williams | Director | 67,720 | 0.10% | Apr 24, 2026 |
| Colette Pierce Burnette | Director | 91,774 | 0.14% | Jun 12, 2025 |
| I. Co-Invest Ii L.P. Liveoak | 10% owner | 7,878,717 | 12.14% | Sep 19, 2025 |
| Liveoak Co-Invest Gp, Llc | 10% owner | – | – | Sep 19, 2025 |
| I. Co-Invest Iv L.P. Liveoak | 10% owner | – | – | Sep 19, 2025 |
| I. Co-Invest L.P. LiveOak | 10% owner | – | – | Sep 19, 2025 |
| LiveOak Venture Partners I, L.P. | 10% owner | – | – | Sep 19, 2025 |
| LiveOak Venture Partners 1A, L.P. | 10% owner | – | – | Sep 19, 2025 |
| Lovp Upper Tier Gp I, Llc | 10% owner | – | – | Sep 19, 2025 |
| Lovp Sbic Management Services, Llc | 10% owner | 561,314 | 0.86% | Sep 19, 2025 |
| Shamapant Venugopal | 10% owner | 5,709,409 | 8.79% | Sep 19, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Melanie Antoon EVP, Chief Customer Officer | Aug 17, 2026 | Sale | −8,514 | $4.18 | $35.59K | 267,507 |
| Richard Francis Crum EVP, Chief Prod & Tech Officer | Aug 17, 2026 | Sale | −7,426 | $4.18 | $31.04K | 335,183 |
| Susan Garcia GC & Chief Compliance Officer | Aug 17, 2026 | Sale | −6,840 | $4.18 | $28.59K | 139,109 |
| Karen Herckis EVP, Chief HR Officer | Aug 17, 2026 | Sale | −8,487 | $4.18 | $35.48K | 181,824 |
| Eric Friedrichsen Chief Executive Officer, Director | Aug 16, 2026 | Tax withholding | −44,492 | $4.40 | $195.76K | 1,436,688 |
| Eric Friedrichsen Chief Executive Officer, Director | Aug 10, 2026 | Buy | +7,500 | $4.26 | $31.95K | 1,481,180 |
| Andre L. Mintz Director | Jul 21, 2026 | Award | +74,442 | – | – | 74,442 |
| Robert P. Goodman Director | Jun 10, 2026 | Award | +41,096 | – | – | 69,132 |
| James Offerdahl Director | Jun 10, 2026 | Award | +41,096 | – | – | 264,748 |
| Susan L. Blount Director | Jun 10, 2026 | Award | +41,096 | – | – | 135,919 |
| Thomas F. Bogan Director | Jun 10, 2026 | Award | +41,096 | – | – | 212,186 |
| Scott A. Hill Director | Jun 10, 2026 | Award | +41,096 | – | – | 264,326 |
| Krishna Srinivasan Director | Jun 10, 2026 | Award | +41,096 | – | – | 86,096 |
| Richard Francis Crum EVP, Chief Prod & Tech Officer | May 18, 2026 | Sale | −7,492 | $3.61 | $27.05K | 341,609 |
| Susan Garcia GC & Chief Compliance Officer | May 18, 2026 | Sale | −6,972 | $3.61 | $25.17K | 145,949 |
| Karen Herckis EVP, Chief HR Officer | May 18, 2026 | Sale | −8,562 | $3.61 | $30.91K | 189,311 |
| Melanie Antoon EVP, Chief Customer Officer | May 18, 2026 | Sale | −8,590 | $3.61 | $31.01K | 276,021 |
| Eric Friedrichsen Chief Executive Officer, Director | May 16, 2026 | Tax withholding | −44,492 | $3.83 | $170.40K | 1,472,680 |
| Eric Friedrichsen Chief Executive Officer, Director | May 8, 2026 | Buy | +9,000 | $3.97 | $35.73K | 1,517,172 |
| Toby J. Williams Director | Apr 22, 2026 | Award | +67,720 | – | – | 67,720 |
| Scott A. Hill Director | Mar 3, 2026 | Buy | +8,918 | $3.73 | $33.26K | 50,000 |
| Richard Francis Crum EVP, Chief Prod & Tech Officer | Mar 2, 2026 | Sale | −6,262 | $3.24 | $20.29K | 349,101 |
| Susan Garcia GC & Chief Compliance Officer | Mar 2, 2026 | Sale | −5,956 | $3.24 | $19.30K | 152,921 |
| Melanie Antoon EVP, Chief Customer Officer | Mar 2, 2026 | Sale | −4,882 | $3.24 | $15.82K | 284,611 |
| Karen Herckis EVP, Chief HR Officer | Mar 2, 2026 | Sale | −3,978 | $3.24 | $12.89K | 197,873 |
| Scott A. Hill Director | Mar 2, 2026 | Buy | +41,082 | $3.31 | $135.98K | 41,082 |
| Robert P. Goodman Director | Feb 27, 2026 | Buy | +1,026,700 | $3.19 | $3.28M | 1,038,475 |
| Krishna Srinivasan Director | Feb 27, 2026 | Buy | +40,000 | $3.25 | $130.00K | 45,000 |
| Eric Friedrichsen Chief Executive Officer, Director | Feb 27, 2026 | Buy | +15,500 | $2.90 | $44.95K | 1,508,172 |
| Krishna Srinivasan Director | Feb 26, 2026 | Buy | +5,000 | $2.77 | $13.85K | 5,000 |
| Eric Friedrichsen Chief Executive Officer, Director | Feb 20, 2026 | Award | +221,949 | – | – | 1,492,672 |
| Eric Friedrichsen Chief Executive Officer, Director | Feb 18, 2026 | Award | +151,695 | – | – | 1,270,723 |
| Richard Francis Crum EVP, Chief Prod & Tech Officer | Feb 18, 2026 | Award | +69,841 | – | – | 355,363 |
| Richard Francis Crum EVP, Chief Prod & Tech Officer | Feb 18, 2026 | Award | +61,110 | – | – | 285,522 |
| Karen Herckis EVP, Chief HR Officer | Feb 18, 2026 | Award | +41,726 | – | – | 173,985 |
| Karen Herckis EVP, Chief HR Officer | Feb 18, 2026 | Award | +27,866 | – | – | 201,851 |
| Melanie Antoon EVP, Chief Customer Officer | Feb 18, 2026 | Award | +43,162 | – | – | 289,493 |
| Melanie Antoon EVP, Chief Customer Officer | Feb 18, 2026 | Award | +42,910 | – | – | 246,331 |
| Susan Garcia GC & Chief Compliance Officer | Feb 18, 2026 | Award | +42,910 | – | – | 117,147 |
| Susan Garcia GC & Chief Compliance Officer | Feb 18, 2026 | Award | +41,730 | – | – | 158,877 |
| Richard Francis Crum EVP, Chief Prod & Tech Officer | Feb 17, 2026 | Sale | −6,508 | $3.07 | $19.98K | 224,412 |
| Karen Herckis EVP, Chief HR Officer | Feb 17, 2026 | Sale | −8,171 | $3.07 | $25.08K | 132,259 |
| Melanie Antoon EVP, Chief Customer Officer | Feb 17, 2026 | Sale | −9,289 | $3.07 | $28.52K | 203,421 |
| Susan Garcia GC & Chief Compliance Officer | Feb 17, 2026 | Sale | −3,743 | $3.07 | $11.49K | 74,237 |
| Eric Friedrichsen Chief Executive Officer, Director | Feb 16, 2026 | Tax withholding | −35,699 | $3.71 | $132.44K | 1,119,028 |
| James Offerdahl Director | Feb 9, 2026 | Buy | +3,000 | $3.99 | $11.97K | 223,652 |
| Aaron Joseph Barfoot EVP, Chief Financial Officer | Jan 12, 2026 | Award | +246,609 | – | – | 246,609 |
| Michael Lafair EVP, Chief Financial Officer | Dec 31, 2025 | Tax withholding | −1,639 | $7.76 | $12.72K | 799,314 |
| Melanie Antoon EVP, Chief Customer Officer | Dec 10, 2025 | Sale | −20,000 | $8.71 | $174.20K | 212,710 |
| Michael Lafair EVP, Chief Financial Officer | Nov 30, 2025 | Tax withholding | −1,639 | $7.16 | $11.74K | 800,953 |
| Richard Francis Crum EVP, Chief Prod & Tech Officer | Nov 17, 2025 | Sale | −4,779 | $6.59 | $31.49K | 229,170 |
| Karen Herckis EVP, Chief HR Officer | Nov 17, 2025 | Sale | −5,826 | $6.59 | $38.39K | 140,430 |
| Michael Lafair EVP, Chief Financial Officer | Nov 17, 2025 | Sale | −15,214 | $6.59 | $100.26K | 802,592 |
| Melanie Antoon EVP, Chief Customer Officer | Nov 17, 2025 | Sale | −7,071 | $6.59 | $46.60K | 232,710 |
| Susan Garcia GC & Chief Compliance Officer | Nov 17, 2025 | Sale | −11,162 | $6.59 | $73.56K | 77,980 |
| Eric Friedrichsen Chief Executive Officer, Director | Nov 10, 2025 | Buy | +6,660 | $6.68 | $44.49K | 1,153,727 |
| Thomas F. Bogan Director | Nov 4, 2025 | Buy | +7,001 | $5.98 | $41.87K | 171,090 |
| Michael Lafair EVP, Chief Financial Officer | Oct 31, 2025 | Tax withholding | −1,639 | $6.32 | $10.36K | 817,806 |
| Thomas F. Bogan Director | Oct 20, 2025 | Buy | +6,929 | $5.98 | $41.44K | 164,089 |
| Thomas F. Bogan Director | Oct 17, 2025 | Buy | +17,902 | $5.94 | $106.34K | 157,160 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Herckis Karen Officer | Aug 17, 2026 | 8,900 | $35.60K | Aug 17, 2026 | Vesting of Restricted Stock Units - See Remarks |
| Garcia Susan Officer | Aug 17, 2026 | 7,200 | $28.80K | Aug 17, 2026 | Vesting of Restricted Stock Units - See Remarks |
| Antoon Melanie Officer | Aug 17, 2026 | 8,900 | $35.60K | Aug 17, 2026 | Vesting of Restricted Stock Units - See Remarks |
| Crum Richard Officer | Aug 17, 2026 | 7,800 | $31.20K | Aug 17, 2026 | Vesting of Restricted Stock Units - See Remarks |
| Antoon Melanie Officer | May 15, 2026 | 10,400 | $31.20K | May 18, 2026 | Vesting of Restricted Stock Units - See Remarks |
| Crum Richard Officer | May 15, 2026 | 9,000 | $27.00K | May 18, 2026 | Vesting of Restricted Stock Units - See Remarks |
| Herckis Karen Officer | May 15, 2026 | 10,300 | $30.90K | May 18, 2026 | Vesting of Restricted Stock Units - See Remarks |
| Garcia Susan Officer | May 15, 2026 | 8,400 | $25.20K | May 18, 2026 | Vesting of Restricted Stock Units - See Remarks |
| Garcia Susan Officer | Feb 27, 2026 | 6,400 | $19.20K | Mar 2, 2026 | Vesting of Restricted Stock Units - See Remarks |
| Antoon Melanie Officer | Feb 27, 2026 | 5,300 | $15.90K | Mar 2, 2026 | Vesting of Restricted Stock Units - See Remarks |
| Lafair Michael Other | Feb 27, 2026 | 5,900 | $17.70K | Mar 2, 2026 | Vesting of Restricted Stock Units - See Remarks |
| Herckis Karen Officer | Feb 27, 2026 | 4,300 | $12.90K | Mar 2, 2026 | Vesting of Restricted Stock Units - See Remarks |
| Crum Richard Officer | Feb 27, 2026 | 6,700 | $20.10K | Mar 2, 2026 | Vesting of Restricted Stock Units - See Remarks |
| Lafair Michael Other | Feb 17, 2026 | 17,600 | $61.60K | Feb 17, 2026 | Vesting of Restricted Stock Units - See Remarks |
| Antoon Melanie Officer | Feb 13, 2026 | 8,200 | $28.70K | Feb 17, 2026 | Vesting of Restricted Stock Units - See Remarks |