4/A: FiscalNote CEO Amends Insider Filing to Correct Stock Withholding Details
Insider Transaction Amendment
FiscalNote Holdings, Inc. President and CEO Josh Resnik filed an amended Form 4 to correct an administrative error regarding shares withheld for tax obligations from a recent restricted stock unit vesting.
Summary
- FiscalNote Holdings, Inc. President and CEO Josh Resnik filed a Form 4/A on July 9, 2025, to amend a previous Form 4 filed on July 3, 2025.
- The amendment corrects an administrative error in the original filing that understated the number of Class A Common Stock shares withheld to satisfy tax obligations.
- The corrected filing states that 3,150 shares of Class A Common Stock were withheld at a price of $0.5364 per share.
- This withholding was related to the vesting of 9,722 restricted stock units.
- Following this corrected transaction, Josh Resnik's direct beneficial ownership of Class A Common Stock is 2,776,168 shares.
Sentiment
Score: 5
Explanation: The document is neutral in sentiment as it is solely a correction of an administrative error in a routine insider transaction filing, with no impact on company performance or outlook.
Future Outlook
No forward-looking statements or guidance are provided in this amendment.
Management Comments
- The reporting person's Form 4 filed on July 3, 2025, inadvertently understated the number of shares of Class A Common Stock withheld to satisfy the reporting person's tax obligation upon the vesting of 9,722 restricted stock units due to an administrative error in determining the price to be used to calculate the number of shares required to be withheld.
- This Form 4/A is being filed to amend the July 3, 2025 Form 4 to report the correct price and number of shares withheld in column 4 and to correct the reporting person's balance of shares following the transaction in column 5.
Industry Context
This filing is a routine amendment to an insider transaction report, common across all industries for publicly traded companies. It reflects standard compliance and correction procedures for executive stock ownership disclosures.
Stakeholder Impact
- Shareholders: Provides corrected and accurate information regarding the beneficial ownership of a key executive, ensuring transparency in insider holdings.
Key Dates
| Date | Description |
|---|---|
| 07/01/2025 | Date of the underlying transaction (vesting of restricted stock units and shares withheld). |
| 07/03/2025 | Date of the original Form 4 filing that contained the administrative error. |
| 07/09/2025 | Date of the amended Form 4/A filing to correct the error. |
Keywords
FiscalNote Holdings Inc., Josh Resnik, SEC Form 4/A, Insider Transaction, Stock Withholding, Restricted Stock Units, Beneficial Ownership, Corporate Governance
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