CS Disco Executives Trade Shares in “Sell‑and‑Buy” Dance as Stock Plummets to New 52‑Week Low

Insider Activity Highlights CS Disco’s Volatile Share Performance

Antoon Melanie’s recent sale, coupled with a flurry of restricted‑stock‑unit (RSU) purchases, underscores the executive’s routine liquidity needs while signaling a cautious stance on the company’s near‑term prospects. The 9,289 shares sold on 17 Feb 2026, priced at an average of $3.07, were part of a mandatory tax‑cover transaction tied to a large grant of RSUs. While the sale itself is routine, the fact that it occurred just as the stock hit a new 52‑week low ($2.91) and the firm’s P/E remains negative (-3.06) raises questions about insider confidence in the company’s turnaround plan.

Implications for Investors

The timing of the sale is not unusual—executives often dispose of shares to cover tax liabilities on RSU vesting. However, the concurrent issuance of new RSU awards (42,910 shares on 18 Feb 2026 and 43,162 shares on 18 Feb 2026) suggests that CS Disco is still investing heavily in its leadership team, even as cash flows are under pressure. For investors, this duality indicates that while the company is committed to retaining key talent, its financials remain fragile. The share price’s steep decline over the past year—down 36%—combined with a high volatility signal (buzz 197%) may tempt short‑term traders, but long‑term stakeholders should monitor the company’s ability to generate sustainable earnings before betting on a rebound.

What the Insider Trend Reveals About CS Disco’s Future

Across the board, senior executives—Crum, Garcia, and Herckis—have each executed three transactions in the past week, alternating between sales to cover tax obligations and purchases that reinforce their stake in the business. This pattern of “sell‑and‑buy” activity is typical for high‑level officers in high‑growth, loss‑making tech firms: they sell to meet tax and cash‑flow needs while buying to demonstrate confidence in future upside. The net effect is a modest dilution of equity but a clear message: leadership believes the company’s AI‑powered legal platform can eventually unlock value, even if the current share price remains depressed.

Profile of Antoon Melanie, EVP, Chief Customer Officer

Melanie’s transaction history is characterized by frequent, relatively small sales that align with mandatory tax‑cover requirements, followed by periodic RSU grants. Her most recent sales (20 000 shares on 10 Dec 2025, 6 898 shares on 18 Aug 2025, and 7 155 shares on 19 May 2025) all occurred at prices ranging from $3.93 to $8.71—a 79% range—reflecting the company’s wide volatility. The average holding period for her shares is short, and she rarely sells more than 10% of her stake in a single transaction, indicating a disciplined approach to liquidity. The recent RSU awards on 18 Feb 2026, totaling 86 072 shares, suggest an ongoing commitment to CS Disco’s long‑term strategy. For investors, Melanie’s pattern signals that while she is actively managing her tax exposure, she remains invested in the company’s growth trajectory.

Takeaway for Market Participants

The insider activity around CS Disco is a mixed signal: executives are covering tax obligations while simultaneously reinforcing their long‑term commitment through RSU awards. The current share price is under significant pressure, but the leadership’s continued investment in equity implies they anticipate a future turnaround. Investors should weigh the risk of short‑term volatility against the potential upside from the company’s AI‑powered legal solutions, especially as the firm seeks to close losses and achieve profitability.