4/A: FiscalNote Director Files Amendment to Ownership Report

Director Key Compton files an amendment to a previous Form 4 to clarify the distribution of 431,394 shares of Class A Common Stock.

Summary

• The filing is an amendment to a previously submitted Form 4 regarding the beneficial ownership of FiscalNote Holdings, Inc. shares.
• The amendment corrects the recipient of 431,394 shares of Class A Common Stock, which were distributed from GPO FN Noteholder, LLC.
• The shares were distributed to Urgent Capital LLC as an in-kind payment, rather than to GPO Master Fund as previously reported.
• Key Compton, a director of the company, maintains voting and dispositive power over these shares through his role at Urgent International Inc.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative correction that has no impact on the company's operational performance or market valuation.

Positives

• The filing demonstrates transparency by proactively correcting a reporting error regarding share distribution.

Negatives

• The initial filing contained an administrative error regarding the entity receiving the shares, necessitating this amendment.

Risks

• Administrative errors in SEC filings can lead to regulatory scrutiny regarding internal controls over financial reporting.

Future Outlook

No forward-looking guidance or operational outlook is provided in this ownership disclosure.

Management Comments

• The Reporting Person's Form 4 filed on May 7, 2026 incorrectly reported that 431,394 shares were delivered directly to GPO Master Fund; this amendment reflects delivery to Urgent Capital LLC.

Industry Context

StockSavvy.ai notes that administrative amendments to Form 4 filings are common in the industry and generally do not reflect changes in the underlying business strategy or financial health of the issuer.

Comparison to Industry Standards

• The filing adheres to standard SEC requirements for correcting inadvertent reporting errors by insiders.

Related Party Transactions

• The transaction involves an in-kind distribution between entities (GPO FN Noteholder, LLC, Urgent Capital LLC, and GPO Master Fund) where the reporting person holds management or advisory roles.

Stakeholder Impact

• Minimal impact on shareholders as this is a clarification of existing beneficial ownership rather than a new sale or acquisition.

Next Steps

• No further actions or milestones are mentioned in this filing.

Key Dates

Keywords

FiscalNote, NOTE, Form 4/A, Insider Trading, Beneficial Ownership, Corporate Governance