Stephens Form 4 CS Disco / ELIZABETH STEPHENS CAMPBELL ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Stephens Group, LLC

(Last) (First) (Middle)

100 RIVER BLUFF DRIVE, SUITE 500

(Street)

LITTLE ROCK AR 72202

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CS Disco, Inc. [ LAW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/23/2021

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/23/2021		C		10,342,988	A	(1)	10,555,914	I	See footnote(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Series C Preferred Stock	(1)	07/23/2021		C			6,662,342	(1)	(1)	Common Stock	6,662,342	$0.00	0	I	See footnote(2)
Series D Preferred Stock	(1)	07/23/2021		C			2,509,309	(1)	(1)	Common Stock	2,509,309	$0.00	0	I	See footnote(2)
Series E Preferred Stock	(1)	07/23/2021		C			498,231	(1)	(1)	Common Stock	498,231	$0.00	0	I	See footnote(2)
Series F Preferred Stock	(1)	07/23/2021		C			673,106	(1)	(1)	Common Stock	673,106	$0.00	0	I	See footnote(2)

1. Name and Address of Reporting Person^*

Stephens Group, LLC

(Last) (First) (Middle)

100 RIVER BLUFF DRIVE, SUITE 500

(Street)

LITTLE ROCK AR 72202

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

SG-Disco, LLC

(Last) (First) (Middle)

100 RIVER BLUFF DRIVE, SUITE 500

(Street)

LITTLE ROCK AR 72202

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

CAMPBELL ELIZABETH STEPHENS

(Last) (First) (Middle)

100 RIVER BLUFF DRIVE, SUITE 500

(Street)

LITTLE ROCK AR 72202

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Stephens W. R. Jr.

(Last) (First) (Middle)

100 RIVER BLUFF DRIVE, SUITE 500

(Street)

LITTLE ROCK AR 72202

(City) (State) (Zip)

Explanation of Responses:

1. Each share of Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock and Series F Preferred Stock was convertible at any time at the option of the holder, without payment of additional consideration, into Common Stock, on a one for one basis, had no expiration date and automatically convert into shares of Common Stock upon the closing of the Issuer's initial public offering.

2. The shares are held by SG-Disco, LLC ("SG-Disco"). The Stephens Group, LLC ("The Stephens Group") is the sole manager of SG-Disco and has voting and dispositive power over the shares held by SG-Disco. Investment and voting decisions with respect to the shares beneficially owned by The Stephens Group are made by W.R. Stephens, Jr. and Elizabeth S. Campbell, acting as an executive committee. Mr. Stephens and Ms. Campbell may be deemed to possess voting and dispositive control over the shares held by SG-Disco.

Remarks:

	The Stephens Group, LLC, /s/ Ronald M. Clark, COO & General Counsel	07/27/2021
	SG-Disco, LLC, By: The Stephens Group, LLC its Manager, /s/ Ronald M. Clark, COO & General Counsel	07/27/2021
	/s/ Elizabeth Stephens Campbell	07/27/2021
	/s/ W.R. Stephens, Jr.	07/27/2021
	** Signature of Reporting Person	Date
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