Form 4: FiscalNote CEO Sells Shares to Cover Tax Obligations

FiscalNote Holdings CEO Josh Resnik sold 4,030 shares of Class A Common Stock on January 31, 2025, to cover tax obligations arising from the vesting of restricted stock units.

Summary

• On January 31, 2025, Josh Resnik, the President and CEO of FiscalNote Holdings, Inc., sold 4,030 shares of Class A Common Stock.
• The sale was executed at a price of $1.1646 per share.
• This transaction was conducted to satisfy the reporting person's tax obligation upon the vesting of 9,722 restricted stock units.
• The sale was executed pursuant to a Rule 10b5-1 trading plan adopted on June 20, 2023.
• Following the transaction, Resnik still beneficially owns 1,226,153 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover taxes) by an executive, which is neither particularly positive nor negative.

Industry Context

Sales of shares to cover tax obligations are a common practice among executives who receive equity compensation. The use of a 10b5-1 plan indicates that the sales were pre-planned and not based on inside information.

Stakeholder Impact

• The sale of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale and the relatively small number of shares involved.

Key Dates