Form 4: FiscalNote Director Stanley A. McChrystal Reports Acquisition of Class A Common Stock

Director Stanley A. McChrystal acquired 6,637 shares of FiscalNote Holdings, Inc. Class A Common Stock as compensation for serving as a non-management director.

Summary

• On March 3, 2025, Stanley A. McChrystal, a director of FiscalNote Holdings, Inc., acquired 6,637 shares of Class A Common Stock.
• The shares were granted as compensation for his service as a non-management director, in lieu of a quarterly cash retainer.
• Following the transaction, McChrystal directly owns 425,989 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a standard compensation practice, indicating a stable and functional corporate governance structure. The director's increased stake in the company is a mildly positive signal.

Positives

• The acquisition of shares by a director demonstrates alignment with shareholder interests.

Industry Context

Directors receiving stock compensation is a common practice to align their interests with the company's long-term performance and shareholder value.

Comparison to Industry Standards

• Stock grants to non-management directors are a typical form of compensation in publicly traded companies.
• The amount of stock granted can vary widely based on company size, performance, and industry standards.
• Comparing the value of the 6,637 shares to the average quarterly cash retainer for directors in similar companies would provide a benchmark for assessing the grant's value.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders by aligning the director's interests with theirs.

Key Dates