Form 4: FiscalNote Director Stanley A. McChrystal Acquires 6,000 Shares of Class A Common Stock as Compensation

Director Stanley A. McChrystal acquired 6,000 shares of FiscalNote Holdings, Inc. Class A Common Stock on September 4, 2024, as compensation for his service as a non-management director.

Summary

• On September 4, 2024, Stanley A. McChrystal, a director of FiscalNote Holdings, Inc., acquired 6,000 shares of Class A Common Stock.
• The acquisition was a result of compensation for his service as a non-management director, in lieu of a quarterly cash retainer.
• Following the transaction, McChrystal directly owns 412,210 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a standard transaction related to director compensation. It doesn't indicate any significant positive or negative implications for the company.

Positives

• The acquisition of shares by a director demonstrates their continued investment in the company's success.

Industry Context

Director compensation in the form of stock grants is a common practice to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Stock grants are a typical component of director compensation packages across various industries.
• Companies like Salesforce, Oracle, and Microsoft also use stock grants as part of their director compensation plans to incentivize long-term value creation.

Key Dates