Form 4: FiscalNote Director Brandon Sweeney Acquires Over 280,000 Restricted Stock Units

FiscalNote Holdings, Inc. Director Brandon Sweeney has acquired 280,854 shares of Class A Common Stock in the form of restricted stock units (RSUs) as part of a compensation grant.

Summary

• Brandon Sweeney, a Director of FiscalNote Holdings, Inc., acquired 280,854 shares of Class A Common Stock on May 28, 2025.
• The acquisition was in the form of Restricted Stock Units (RSUs) at a price of $0 per unit, indicating a grant rather than a purchase.
• Each RSU represents a contingent right to receive one share of Class A Common Stock.
• These RSUs are scheduled to vest on the date of FiscalNote's 2026 annual meeting of stockholders.
• Following this transaction, Brandon Sweeney directly beneficially owns 584,838 shares of Class A Common Stock.
• Additionally, Mr. Sweeney indirectly beneficially owns 80,697 shares through the Sweeney Trust dated March 27, 2003, for which he serves as Trustee.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as a director receiving a significant RSU grant indicates continued alignment with company performance and is a standard form of incentivization.

Positives

• The acquisition of 280,854 restricted stock units by a director aligns management's interests with those of shareholders, as the value of these units is tied to the company's stock performance.
• The grant of RSUs at a $0 price is a common form of equity compensation, indicating ongoing commitment and incentivization of key personnel.

Future Outlook

The restricted stock units granted to Director Brandon Sweeney are set to vest on the date of the Issuer's 2026 annual meeting of stockholders, indicating a future milestone for the compensation to materialize into full ownership.

Industry Context

Insider transactions, such as the grant of restricted stock units to a director, are a standard practice in public companies for executive compensation and to align the interests of management with shareholders. This type of filing provides transparency into how company insiders are compensated and their direct and indirect holdings.

Related Party Transactions

• Brandon Sweeney indirectly beneficially owns 80,697 shares through the Sweeney Trust dated March 27, 2003, for which he is the Trustee.

Stakeholder Impact

• Shareholders may view the RSU grant to a director as a positive signal, indicating management's vested interest in the company's long-term success and aligning their incentives with shareholder value creation.

Next Steps

• Vesting of the 280,854 restricted stock units on the date of FiscalNote's 2026 annual meeting of stockholders.

Key Dates

Keywords

FiscalNote Holdings, Brandon Sweeney, Form 4, Insider Transaction, Restricted Stock Units, RSU, Equity Compensation, Director, Stock Grant