Form 4: FiscalNote Director Yiu Conrad Reports Acquisition of 6,000 Shares

Director Yiu Conrad reports acquiring 6,000 shares of FiscalNote Holdings Class A Common Stock as compensation.

Summary

• On September 4, 2024, Yiu Conrad, a director of FiscalNote Holdings, Inc., acquired 6,000 shares of Class A Common Stock.
• The shares were granted as compensation for serving as a non-management director, in lieu of a quarterly cash retainer.
• The price per share was $0.
• Following the transaction, Yiu Conrad directly owns 280,315 shares of Class A Common Stock.
• Yiu Conrad also indirectly owns 2,786,321 shares through Skyone Capital Pty Ltd ATF AS1 GF No.11, where he serves as a director and partner of AS1 Growth Partners Pty Ltd.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction of a director receiving compensation in the form of stock. It doesn't indicate any significant positive or negative development for the company.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Industry Context

Directors receiving stock as compensation is a common practice, aligning their interests with shareholders.

Comparison to Industry Standards

• Director compensation packages vary widely across the industry.
• Stock grants are a typical component of director compensation, often used by companies like FiscalNote to conserve cash.
• Comparing FiscalNote's director compensation structure to companies like Palantir or similar SaaS businesses would provide further context.

Stakeholder Impact

• The transaction has a minor impact on shareholders, as it slightly increases the number of outstanding shares.

Key Dates