Form 4: FiscalNote CFO Sells Shares for Tax Obligation

FiscalNote Holdings, Inc.'s CFO, Jon Slabaugh, disposed of 1,621 Class A Common Stock shares at $1.57 each to cover tax obligations from vested restricted stock units.

Summary

• Jon Slabaugh, the Chief Financial Officer and Senior Vice President of Corporate Development for FiscalNote Holdings, Inc. (NOTE), reported a transaction.
• On January 20, 2026, Slabaugh disposed of 1,621 shares of the company's Class A Common Stock.
• The shares were sold at a price of $1.57 per share.
• This disposition was specifically to satisfy tax withholding obligations upon the vesting of 2,977 restricted stock units.
• Following this transaction, Slabaugh directly beneficially owns 107,582 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The transaction is a routine disposition of shares by an executive to cover tax liabilities upon the vesting of restricted stock units, which is a common and expected event and does not indicate a change in company fundamentals or outlook.

Positives

• The vesting of restricted stock units indicates continued equity compensation for the executive, aligning interests with shareholders.
• The transaction is a routine tax-related event, not a discretionary sale based on a change in company outlook.

Negatives

• A slight reduction in direct insider ownership, though for a routine tax purpose.

Stakeholder Impact

• Shareholders: A minor reduction in direct insider ownership, which is a common occurrence for tax-related share dispositions and not indicative of a change in management's outlook.

Key Dates

Recommendation

The reported transaction is a routine disposition of shares by a company executive to satisfy tax obligations upon the vesting of restricted stock units. This is a common occurrence and does not reflect a discretionary sale based on the executive's view of the company's future prospects. Therefore, it does not provide new information that would warrant a change in investment recommendation.

Keywords

FiscalNote, NOTE, Jon Slabaugh, CFO, insider transaction, Form 4, stock sale, tax obligation, restricted stock units, RSU vesting