Form 4: FiscalNote CEO Josh Resnik Sells Shares to Cover Tax Obligations
SEC Form 4
FiscalNote Holdings CEO Josh Resnik sold 3,799 shares of Class A Common Stock on February 28, 2025, to cover tax obligations related to vesting restricted stock units.
Summary
- On February 28, 2025, Josh Resnik, the President and CEO of FiscalNote Holdings, Inc., sold 3,799 shares of Class A Common Stock.
- The sale was executed at a price of $1.2153 per share.
- This transaction was conducted to satisfy Resnik's tax obligations upon the vesting of 9,722 restricted stock units.
- The sale was executed under a Rule 10b5-1 trading plan adopted on June 20, 2023.
- Following the transaction, Resnik directly owns 2,791,320 shares of FiscalNote Holdings, Inc.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction to cover tax obligations, executed under a pre-existing plan. It doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Sales by insiders are a common occurrence and are often related to personal financial planning or tax obligations. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on current insider information.
Stakeholder Impact
- The sale of shares by the CEO could be perceived negatively by some shareholders, although the use of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 2023-06-20 | Date of adoption of Rule 10b5-1 trading plan |
| 2025-02-28 | Date of stock sale transaction |
| 2025-03-04 | Date of signature on the Form 4 filing |
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