Form 4: FiscalNote Executive Richard Henderson Sells Shares to Cover Tax Obligations

Richard Henderson, Chief Revenue Officer of FiscalNote Holdings, Inc., sold 3,349 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.

Summary

• On April 3, 2024, Richard Henderson, the Chief Revenue Officer of FiscalNote Holdings, Inc., sold 3,349 shares of Class A Common Stock.
• The sale was executed at a price of $1.2192 per share.
• The transaction was conducted to satisfy the reporting person's tax obligation upon the vesting of 8,962 restricted stock units.
• The sale was made pursuant to a Rule 10b5-1 trading plan adopted on September 20, 2023.
• Following the transaction, Henderson directly owns 90,819 shares of FiscalNote's Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to an insider stock sale for tax purposes. It doesn't inherently convey positive or negative sentiment about the company's prospects.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions. It is common for executives to sell shares to cover tax obligations related to vesting equity awards. The use of a 10b5-1 trading plan suggests the sale was pre-planned and not based on any material non-public information.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, although it is a common practice for covering tax obligations.

Key Dates