Form 4: FiscalNote CAO's Routine Stock Sale for Tax

FiscalNote Holdings' Chief Accounting Officer, Paul Donnell, disposed of 441 Class A Common Stock shares to cover tax obligations from RSU vesting.

Summary

• Paul Donnell, Chief Accounting Officer of FiscalNote Holdings, Inc. (NOTE), reported a transaction on August 7, 2025.
• The transaction involved the disposition of 441 shares of Class A Common Stock.
• These shares were withheld to satisfy tax obligations upon the vesting of 1,288 restricted stock units (RSUs).
• The shares were valued at $0.6304 per share for the purpose of this transaction.
• Following this transaction, Donnell beneficially owns 405,572 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction (tax withholding upon RSU vesting) which is neutral in terms of company performance or strategic outlook. It is an expected event for executives with equity compensation.

Future Outlook

This filing, a routine insider transaction, does not provide any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This routine insider transaction, specifically a tax withholding related to RSU vesting, is a common occurrence across all industries for publicly traded companies. It does not reflect broader industry trends or competitive dynamics.

Comparison to Industry Standards

• This filing details a standard tax withholding transaction upon RSU vesting, which is a common compensation practice across industries. There are no specific comparable companies, projects, or results to assess as this is a personal transaction for tax purposes rather than a company performance metric.

Stakeholder Impact

• This routine tax-related stock disposition by an executive has minimal direct impact on shareholders, employees, customers, suppliers, or creditors, as it is a standard part of equity compensation and tax compliance.

Next Steps

• This filing does not mention any specific future actions, events, or milestones for the company or the reporting person beyond the reported transaction.

Key Dates

Keywords

FiscalNote Holdings, NOTE, SEC Form 4, Insider Trading, Stock Sale, Tax Withholding, Restricted Stock Units, Paul Donnell, Chief Accounting Officer