Form 4: FiscalNote CEO Sells Shares to Cover Tax Obligations

FiscalNote Holdings CEO Josh Resnik sold 4,435 shares of Class A Common Stock on April 3, 2025, at a price of $0.684 per share to cover tax obligations related to vesting restricted stock units.

Summary

• On April 3, 2025, Josh Resnik, the President and CEO of FiscalNote Holdings, Inc., sold 4,435 shares of Class A Common Stock.
• The shares were sold at a price of $0.684 per share.
• The sale was executed to satisfy the reporting person's tax obligation upon the vesting of 9,722 restricted stock units.
• The transaction was conducted pursuant to a Rule 10b5-1 trading plan adopted on June 20, 2023.
• Following the transaction, Resnik beneficially owns 2,786,885 shares of Class A Common Stock directly.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to an insider stock sale for tax purposes. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions. It is common for executives to sell shares to cover tax obligations related to vesting equity awards. The existence of a pre-arranged 10b5-1 trading plan suggests the sale was planned in advance and not based on current market conditions.

Stakeholder Impact

• The sale of shares by the CEO could have a minor negative impact on shareholder sentiment, although the sale was to cover tax obligations.
• The sale is unlikely to have a significant impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

FiscalNote Holdings, Josh Resnik, Class A Common Stock, Form 4, SEC, Share Sale, Rule 10b5-1, Tax Obligations, Restricted Stock Units, Insider Trading