Form 4: FiscalNote CFO Sells Shares to Cover Tax Obligations

Jon Slabaugh, CFO of FiscalNote Holdings, sold 928 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.

Summary

• Jon Slabaugh, the CFO and SVP, Corp. Dev. of FiscalNote Holdings, Inc., sold 928 shares of Class A Common Stock on April 8, 2024.
• The sale was executed at a price of $1.3881 per share.
• The transaction was made pursuant to a Rule 10b5-1 trading plan adopted on May 14, 2023.
• The shares were sold to satisfy the reporting person's tax obligation upon the vesting of 1,714 restricted stock units.
• Following the transaction, Slabaugh beneficially owns 140,377 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document describes a routine stock sale to cover tax obligations, which is neither particularly positive nor negative. The use of a 10b5-1 plan suggests pre-planning and reduces concerns about insider trading.

Industry Context

Sales by company executives are a normal part of corporate governance. It is important to consider the context of the sale, such as the reason for the sale and the amount of stock sold, in relation to the executive's total holdings.

Stakeholder Impact

• The sale of shares by a company executive could be perceived negatively by some shareholders, but the pre-planned nature of the sale mitigates this concern.

Key Dates