Form 4: FiscalNote Director's Routine Stock Transaction

FiscalNote Director Gerald Yao had 416 shares of Class A Common Stock withheld to cover tax obligations related to RSU vesting.

Summary

• Gerald Yao, a Director at FiscalNote Holdings, Inc. (NOTE), had 416 shares of Class A Common Stock withheld.
• This transaction occurred on August 7, 2025, at a price of $0.6304 per share.
• The shares were withheld to satisfy tax obligations upon the vesting of 1,250 restricted stock units.
• Following this transaction, Gerald Yao directly owns 461,601 shares and indirectly owns 4,000 shares through the Gerald Yao Revocable Trust Dated January 10, 2019.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction involving the withholding of shares for tax purposes upon RSU vesting, which is a neutral event for company operations or outlook.

Positives

• The transaction indicates the vesting of restricted stock units, a form of compensation for the director, which can align management interests with shareholders.

Negatives

• The transaction involves a disposition of shares, albeit for tax purposes, which slightly reduces the director's direct ownership.

Future Outlook

N/A

Industry Context

N/A

Key Dates

Recommendation

The Form 4 filing details a routine tax-related share withholding for a director's RSU vesting. This is a standard compensation event and does not provide new information that would significantly alter the investment thesis for FiscalNote Holdings, Inc. Therefore, a 'hold' recommendation is appropriate as the filing does not present new positive or negative catalysts.

Keywords

FiscalNote, NOTE, SEC Form 4, Insider Transaction, Stock, RSU, Restricted Stock Units, Director, Gerald Yao, Tax Withholding