Form 4: FiscalNote CFO Sells Shares to Cover Tax Obligations

FiscalNote's CFO, Jon Slabaugh, sold 913 shares of Class A Common Stock to cover tax obligations arising from the vesting of restricted stock units.

Summary

• On August 7, 2024, Jon Slabaugh, CFO and SVP, Corp. Dev. of FiscalNote Holdings, Inc., sold 913 shares of Class A Common Stock.
• The sale was executed at a price of $1.3998 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 made pursuant to a Rule 10b5-1 trading plan adopted on May 14, 2023.
• Following the transaction, Slabaugh beneficially owns 565,187 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) by an executive, which is neither particularly positive nor negative.

Industry Context

This is a routine transaction for executives to manage their tax liabilities related to stock-based compensation. It's common for executives to use Rule 10b5-1 plans to schedule these transactions in advance to avoid any appearance of insider trading.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale and the relatively small number of shares involved.

Key Dates