Form 4: FiscalNote Director Acquires Shares as Compensation

FiscalNote Holdings director, Conrad Yiu, acquired 7,142 shares of Class A Common Stock as compensation for his service as a non-management director.

Summary

• Conrad Yiu, a director at FiscalNote Holdings, acquired 7,142 shares of Class A Common Stock on December 2, 2024.
• These shares were granted as compensation for his service as a non-management director, in lieu of a quarterly cash retainer.
• Following this transaction, Mr. Yiu directly owns 287,457 shares of Class A Common Stock.
• Additionally, Mr. Yiu indirectly owns 2,786,321 shares through Skyone Capital Pty Ltd, where he is a director.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, indicating a neutral to slightly positive sentiment due to the director's increased stake in the company.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.
• The compensation structure aligns director interests with shareholder value.

Industry Context

This is a standard SEC Form 4 filing, which is common for publicly traded companies when insiders make transactions in their company's stock. It is a routine disclosure and does not indicate any unusual activity.

Comparison to Industry Standards

• Director compensation in the form of stock grants is a common practice among publicly traded companies.
• The number of shares granted is not unusual for a non-management director.
• The indirect ownership structure through a trust or investment vehicle is also a common practice.

Stakeholder Impact

• The transaction increases the director's alignment with shareholder interests.
• The share acquisition does not have a significant impact on other stakeholders.

Key Dates

Keywords

FiscalNote, Director, Share Acquisition, Compensation, Class A Common Stock, Skyone Capital, Beneficial Ownership