Form 4: FiscalNote CEO Josh Resnik Disposes of Shares for Tax Obligations

FiscalNote Holdings, Inc. President and CEO Josh Resnik disposed of 2,590 shares of Class A Common Stock on July 1, 2025, to cover tax liabilities related to RSU vesting, retaining beneficial ownership of 2,776,728 shares.

Summary

• Josh Resnik, President and CEO of FiscalNote Holdings, Inc., disposed of 2,590 shares of Class A Common Stock.
• The transaction occurred on July 1, 2025.
• The shares were disposed of at a price of $0.65 per share.
• This disposition was to satisfy tax obligations upon the vesting of 9,722 restricted stock units.
• Following this transaction, Josh Resnik beneficially owns 2,776,728 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: Neutral to slightly positive. The transaction is a routine tax withholding, indicating RSU vesting (a positive for the executive), but it is not a discretionary purchase or sale that would signal strong sentiment.

Positives

• The transaction represents a routine tax withholding upon the vesting of restricted stock units, which implies that performance or tenure milestones for the executive were met.

Negatives

• The disposition of shares, even for tax purposes, results in a minor reduction in the direct ownership stake of the President and CEO.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing.

Industry Context

This Form 4 reports a routine insider transaction (tax withholding for RSU vesting) for a technology company. Such transactions are common across all industries when equity compensation vests, reflecting standard executive compensation practices.

Comparison to Industry Standards

• This is a standard tax-related share disposition upon RSU vesting, a common practice for executive compensation in publicly traded companies across various sectors, including technology. No specific comparable companies or projects are mentioned in this filing to detail further comparisons.

Related Party Transactions

• The reported transaction involves the disposition of shares by an insider (President and CEO) to satisfy tax obligations related to the vesting of restricted stock units, which is a common related-party dealing in executive compensation.

Stakeholder Impact

• Shareholders: A minor reduction in direct insider ownership due to tax withholding, but it is a routine event. The vesting of RSUs could be seen as a positive sign of executive retention and performance.
• Employees: Not directly impacted by this specific filing, but RSU vesting is part of broader compensation schemes.

Key Dates

Recommendation

Keywords

FiscalNote Holdings Inc., NOTE, Josh Resnik, Form 4, Insider Transaction, Share Disposition, Restricted Stock Units, RSU Vesting, Tax Obligation, CEO