Form 4: FiscalNote Director Anna Sedgley Receives Stock Grant as Compensation

Anna Sedgley, a director at FiscalNote Holdings, Inc., acquired 12,168 shares of Class A Common Stock as compensation for her service as a non-management director.

Summary

• On March 3, 2025, Anna Sedgley, a director of FiscalNote Holdings, Inc., acquired 12,168 shares of Class A Common Stock.
• The shares were granted as compensation for her service as a non-management director, in lieu of a quarterly cash retainer.
• Following the transaction, Sedgley directly owns 310,578 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (stock grant as compensation) and doesn't contain any alarming or negative information. It's a neutral event with a slightly positive sentiment due to aligning director interests with shareholders.

Positives

• The stock grant aligns the director's interests with those of the shareholders.
• The grant is part of a compensation strategy that may conserve cash for the company.

Industry Context

Director compensation through stock grants is a common practice in publicly traded companies to align the interests of directors with those of shareholders and to conserve cash.

Comparison to Industry Standards

• Stock grants for non-management directors are a typical component of compensation packages in publicly traded companies.
• The size of the grant would need to be compared to grants at comparable companies to determine if it is in line with industry standards.
• Companies like Palantir, Snowflake, and Datadog also use stock grants as part of their director compensation packages.

Stakeholder Impact

• Shareholders may view the stock grant positively as it aligns the director's interests with the company's performance.
• The company benefits from conserving cash by issuing stock instead of a cash retainer.

Key Dates