Form 4: FiscalNote Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Todd Aman, SVP, General Counsel & Secretary of FiscalNote Holdings, Inc., sold 676 shares of Class A Common Stock at $0.9532 per share to cover tax obligations.
Summary
- Todd Aman, a senior executive at FiscalNote Holdings, Inc., sold 676 shares of Class A Common Stock on November 7, 2024.
- The shares were sold at a price of $0.9532 per share.
- The sale was executed to satisfy tax obligations related to the vesting of restricted stock units.
- The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on May 12, 2023.
- Following the transaction, Aman directly owns 168,858 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock sale for tax purposes. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of the regulatory landscape, providing transparency into the trading activities of company insiders. This particular filing indicates a sale of shares to cover tax obligations, which is a common practice.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale and the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 2023-05-12 | Date of adoption of Rule 10b5-1 trading plan |
| 2024-11-07 | Date of stock sale transaction |
| 2024-11-12 | Date of Form 4 filing |
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