Form 4: FiscalNote CEO Sells Shares for Tax Obligation

FiscalNote Holdings, Inc. President and CEO, Josh Resnik, disposed of 159 shares of Class A Common Stock to cover tax obligations related to RSU vesting.

Summary

• Josh Resnik, President and CEO of FiscalNote Holdings, Inc. (NOTE), reported a transaction on January 2, 2026.
• The transaction involved the disposal of 159 shares of Class A Common Stock at a price of $1.59 per share.
• This disposal was made to satisfy tax obligations upon the vesting of 811 restricted stock units (RSUs).
• Following this transaction, Josh Resnik directly beneficially owns 215,000 shares of Class A Common Stock.
• The transaction was made pursuant to a Rule 10b5-1(c) pre-planned contract, instruction, or written plan.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary sale to cover tax obligations upon RSU vesting, which is a neutral event and does not reflect positive or negative sentiment regarding the company's performance or future prospects.

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 is a routine insider transaction report and does not provide specific insights into broader industry trends or competitive landscape. It reflects standard executive compensation practices involving restricted stock units and associated tax withholdings.

Comparison to Industry Standards

• The practice of withholding shares to cover tax obligations upon the vesting of restricted stock units is a common and standard practice across industries for executive compensation plans.
• Many public companies, including peers in the technology and data analytics sectors, utilize similar equity compensation structures for their executives.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a small, routine transaction for tax purposes and not a discretionary sale indicating a change in management's view of the company.
• Employees: No direct impact mentioned.

Key Dates

Recommendation

This Form 4 filing reports a routine, non-discretionary sale of a small number of shares by the CEO to cover tax obligations associated with RSU vesting. It does not provide new fundamental information about FiscalNote's operational performance, strategic direction, or financial health. Therefore, it does not warrant a change in investment recommendation, and a 'hold' stance is appropriate based solely on this filing.

Keywords

FiscalNote, NOTE, Josh Resnik, Insider Transaction, Form 4, Stock Sale, RSU Vesting, Tax Withholding, Corporate Governance