Form 4: FiscalNote CFO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Jon Slabaugh, CFO of FiscalNote Holdings, sold shares of Class A Common Stock to cover tax obligations arising from the vesting of restricted stock units.
Summary
- On July 8, 2024, Jon Slabaugh, CFO of FiscalNote Holdings, sold 933 shares of Class A Common Stock at a price of $1.7656 per share.
- The sale was executed to satisfy the reporting person's tax obligation upon the vesting of 1,714 restricted stock units.
- The transaction was conducted pursuant to a Rule 10b5-1 trading plan adopted on May 14, 2023.
- Following the transaction, Slabaugh beneficially owns 137,529 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover tax obligations), so the sentiment is neutral.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and are generally viewed as routine.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, but is unlikely to have a significant impact given the routine nature and relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| May 14, 2023 | Date of adoption of Rule 10b5-1 trading plan |
| July 8, 2024 | Date of transaction (stock sale) |
| July 10, 2024 | Date of signature on the Form 4 filing |
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