Form 4: FiscalNote CEO Sells Shares to Cover Tax Obligations from RSU Vesting

FiscalNote Holdings, Inc. President and CEO, Josh Resnik, sold 3,876 shares of Class A Common Stock for $0.6442 per share to cover tax obligations related to restricted stock unit vesting.

Summary

• Josh Resnik, the President and CEO of FiscalNote Holdings, Inc. (NOTE), reported a transaction on June 2, 2025.
• He sold 3,876 shares of the company's Class A Common Stock at a price of $0.6442 per share.
• The sale was identified as a "sell-to-cover" transaction, specifically executed to satisfy tax obligations incurred upon the vesting of 9,722 restricted stock units (RSUs).
• This transaction was conducted pursuant to a Rule 10b5-1 trading plan, which Mr. Resnik had adopted on June 20, 2023.
• Following this reported transaction, Mr. Resnik's beneficial ownership of Class A Common Stock stands at 2,779,318 shares.

Sentiment

Score: 5

Explanation: The transaction is a routine "sell-to-cover" to satisfy tax obligations upon RSU vesting, executed under a pre-arranged 10b5-1 plan. This type of insider sale is generally considered neutral as it is not indicative of management's view on the company's future performance.

Positives

• The vesting of 9,722 restricted stock units indicates that the executive is receiving compensation, which is a positive for executive retention and alignment of interests.
• The transaction was executed under a pre-arranged Rule 10b5-1 trading plan, indicating a planned and routine sale rather than a discretionary one based on new material non-public information.

Negatives

• The sale of 3,876 shares by a key executive, even for tax purposes, reduces direct insider ownership.

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 (Form 4) and does not provide information directly related to broader industry trends or competitors. It reflects standard executive compensation practices within publicly traded companies.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, pre-planned, tax-related transaction by an executive, not indicative of a change in company fundamentals or outlook.

Key Dates

Keywords

FiscalNote Holdings Inc., NOTE, Josh Resnik, Form 4, Insider Transaction, Stock Sale, Sell-to-Cover, Restricted Stock Units, RSU, Executive Compensation, Rule 10b5-1 Plan