Form 4: FiscalNote CFO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
FiscalNote CFO Jon Slabaugh sold 928 shares of Class A Common Stock on June 7, 2024, to cover tax obligations arising from the vesting of restricted stock units.
Summary
- On June 7, 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 $1.13 per share.
- The transaction was conducted to satisfy the reporting person's tax obligation upon the vesting of 1,713 restricted stock units.
- The sale was made pursuant to a Rule 10b5-1 trading plan adopted on May 14, 2023.
- Following the transaction, Slabaugh directly owns 138,462 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover tax obligations). It doesn't indicate any significant positive or negative sentiment.
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.
Key Dates
| Date | Description |
|---|---|
| 05/14/2023 | Date of adoption of Rule 10b5-1 trading plan |
| 06/07/2024 | Date of transaction (stock sale) |
| 06/11/2024 | Date of signature of the Form 4 filing |
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