Form 4: FiscalNote CFO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Jon Slabaugh, CFO of FiscalNote Holdings, sold 843 shares of Class A Common Stock to cover tax obligations arising from the vesting of restricted stock units.
Summary
- On October 7, 2024, Jon Slabaugh, CFO and SVP, Corp. Dev. of FiscalNote Holdings, Inc., sold 843 shares of Class A Common Stock.
- The sale was executed at a price of $1.1495 per share.
- The transaction was conducted to satisfy the reporting person's tax obligation upon the vesting of 1,714 restricted stock units.
- The sale was executed pursuant to a Rule 10b5-1 trading plan adopted on May 14, 2023.
- Following the transaction, Slabaugh beneficially owns 563,416 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover tax obligations) and doesn't indicate any significant positive or negative sentiment.
Industry Context
This is a routine transaction for corporate executives to manage their tax liabilities related to stock-based compensation. It is a common practice and is usually pre-planned to avoid any implications of insider trading.
Stakeholder Impact
- The sale of shares by the CFO could have a minor impact on shareholders due to the small volume of shares sold.
Key Dates
| Date | Description |
|---|---|
| May 14, 2023 | Date of adoption of Rule 10b5-1 trading plan |
| October 07, 2024 | Date of transaction (stock sale) |
| October 09, 2024 | Date of signature on the Form 4 filing |
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