Form 4: FiscalNote CSO Gerald Yao Reports Stock Transactions
SEC Form 4 Filing
FiscalNote's CSO and Director, Gerald Yao, reports the withholding of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On May 7, 2024, Gerald Yao, CSO and Director of FiscalNote Holdings, Inc., had shares of Class A Common Stock withheld to cover tax obligations.
- 483 shares were withheld at a price of $1.3 related to the vesting of 1,250 restricted stock units.
- An additional 1,059 shares were withheld at a price of $1.3 related to the vesting of 2,742 restricted stock units.
- Following these transactions, Yao directly owns 4,000 shares and indirectly owns 79,682 shares through the Gerald Yao Revocable Trust Dated January 10, 2019.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions related to tax obligations, with no inherent positive or negative implications for the company's overall performance.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| January 10, 2019 | Date of the Gerald Yao Revocable Trust |
| May 07, 2024 | Date of stock transactions (withholding for tax obligations) |
| May 09, 2024 | Date of signature on the Form 4 filing |
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