Form 4: FiscalNote CFO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
FiscalNote's CFO, Jon Slabaugh, sold 866 shares of Class A Common Stock on March 7, 2024, to cover tax obligations arising from the vesting of restricted stock units.
Summary
- On March 7, 2024, Jon Slabaugh, CFO and SVP, Corp. Dev. of FiscalNote Holdings, Inc., sold 866 shares of Class A Common Stock.
- The sale was executed at a price of $2.1902 per share.
- This 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 directly owns 141,305 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
Sales of shares to cover tax obligations are a routine part of executive compensation and are not necessarily indicative of the executive's sentiment about the company's future prospects.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 2023/05/14 | Date of adoption of Rule 10b5-1 trading plan |
| 2024/03/07 | Date of stock sale transaction |
| 2024/03/12 | Date of signature on the Form 4 filing |
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