Form 4: FiscalNote CFO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
FiscalNote's CFO, Jon Slabaugh, sold 928 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.
Summary
- On September 9, 2024, Jon Slabaugh, CFO and SVP, Corp. Dev. of FiscalNote Holdings, Inc., sold 928 shares of Class A Common Stock.
- The sale was executed at a price of $1.1786 per share.
- The transaction was made to satisfy the reporting person's tax obligation upon the vesting of 1,714 restricted stock units.
- The sale was conducted pursuant to a Rule 10b5-1 trading plan adopted on May 14, 2023.
- Following the transaction, Slabaugh beneficially owns 564,259 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover tax obligations). It doesn't indicate any significant positive or negative sentiment.
Industry Context
This is a routine transaction for executives to manage their tax liabilities related to stock-based compensation. It is common for executives to use Rule 10b5-1 trading plans to avoid accusations of insider trading.
Stakeholder Impact
- The sale of shares by an executive could have a minor negative impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| May 14, 2023 | Date of adoption of Rule 10b5-1 trading plan |
| September 9, 2024 | Date of transaction (stock sale) |
| September 11, 2024 | Date of signature on the Form 4 filing |
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