Form 4: FiscalNote CEO Josh Resnik Sells Shares for Tax Obligations

FiscalNote Holdings, Inc. CEO Josh Resnik disposed of Class A Common Stock to cover tax obligations related to RSU vesting on November 12, 2025.

Summary

• Josh Resnik, President and CEO of FiscalNote Holdings, Inc. (NOTE), reported transactions involving Class A Common Stock on November 12, 2025.
• The transactions were dispositions of shares to satisfy tax obligations upon the vesting of restricted stock units (RSUs).
• A total of 4,739 shares of Class A Common Stock were withheld at a price of $2.72 per share, related to the vesting of 13,875 RSUs.
• An additional 8,495 shares of Class A Common Stock were withheld at a price of $2.72 per share, related to the vesting of 43,538 RSUs.
• Following these transactions, Josh Resnik's direct beneficial ownership of Class A Common Stock is 215,436 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine, non-discretionary transaction for tax purposes upon RSU vesting. It does not reflect a discretionary sale or purchase based on the executive's view of the company's future prospects, nor does it indicate any unusual corporate activity.

Positives

• The vesting of restricted stock units indicates that the executive is receiving compensation as part of their employment agreement, reflecting a planned compensation event.

Negatives

• The executive's direct beneficial ownership of Class A Common Stock decreased by a total of 13,234 shares (4,739 + 8,495) due to tax withholdings.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing details a routine insider transaction common across publicly traded companies, where executives dispose of shares to cover tax liabilities upon the vesting of equity compensation like restricted stock units. It does not provide specific insights into broader industry trends or competitive landscape.

Comparison to Industry Standards

• Tax withholding upon RSU vesting is a standard practice for executive compensation in the U.S. and is consistent with typical corporate governance and compensation structures across various industries.
• The reported share price of $2.72 reflects the market value at the time of the transaction, which would be compared against peer companies' stock performance and valuation metrics for a comprehensive industry assessment, though this filing itself does not provide such comparative data.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in management's confidence or strategic direction.
• Employees: No direct impact on general employees, but relevant for those with similar equity compensation plans.

Key Dates

Keywords

FiscalNote, NOTE, Josh Resnik, CEO, Insider Transaction, Form 4, Restricted Stock Units, RSU Vesting, Tax Withholding, Equity Compensation