Form 4: FiscalNote CFO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
FiscalNote Holdings CFO Jon Slabaugh sold 987 shares of Class A Common Stock on May 7, 2024, to cover tax obligations related to vesting restricted stock units.
Summary
- On May 7, 2024, Jon Slabaugh, CFO and SVP, Corp. Dev. of FiscalNote Holdings, Inc., sold 987 shares of Class A Common Stock.
- The sale was executed at a price of $1.2101 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 139,390 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) and does not contain any information that would significantly impact investor sentiment positively or negatively.
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 have a minor impact on shareholder sentiment, but is unlikely to be significant given the routine nature of the transaction.
Key Dates
| Date | Description |
|---|---|
| 05/14/2023 | Date of adoption of Rule 10b5-1 trading plan |
| 05/07/2024 | Date of transaction: Sale of Class A Common Stock |
| 05/09/2024 | Date of signature on the Form 4 filing |
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