Form 4: FiscalNote CEO Sells Shares to Cover Tax Obligations

FiscalNote Holdings CEO Josh Resnik sold 3,691 shares of Class A Common Stock on April 30, 2025, at a price of $0.6171 per share to cover tax obligations related to vesting restricted stock units.

Summary

• On April 30, 2025, Josh Resnik, the President and CEO of FiscalNote Holdings, Inc., sold 3,691 shares of Class A Common Stock.
• The sale was executed at a price of $0.6171 per share.
• This transaction was conducted to satisfy the reporting person's tax obligations upon the vesting of 9,722 restricted stock units.
• The sale was made pursuant to a Rule 10b5-1 trading plan adopted on June 20, 2023.
• Following the transaction, Resnik directly owns 2,783,194 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing simply reports a routine transaction related to tax obligations. The existence of a 10b5-1 plan mitigates concerns about insider trading.

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 transaction was planned in advance and not based on current market conditions or inside information.

Stakeholder Impact

• The sale of shares by the CEO could have a minor negative impact on shareholder sentiment, but the effect is likely to be minimal given the context of tax obligations and the pre-arranged trading plan.

Key Dates

Keywords

FiscalNote Holdings, Josh Resnik, Class A Common Stock, Form 4, SEC Filing, Insider Trading, Rule 10b5-1, Tax Obligations, Restricted Stock Units, Sell-to-Cover