Form 4: FiscalNote Holdings CFO Jon Slabaugh Reports Acquisition of Restricted Stock Units and Stock Options

Jon Slabaugh, CFO of FiscalNote Holdings, reports the acquisition of restricted stock units and stock options.

Summary

• On July 17, 2024, Jon Slabaugh, CFO and SVP, Corp. Dev. of FiscalNote Holdings, Inc., acquired 428,571 shares of Class A Common Stock in the form of restricted stock units (RSUs) and 285,714 stock options.
• The RSUs vest over time, with one-third vesting on the first anniversary of the vesting commencement date (July 17, 2024) and one-twelfth vesting quarterly thereafter.
• The stock options have an exercise price of $1.97, with one-fourth of the shares vesting on July 17, 2025, and an additional one-sixteenth vesting quarterly thereafter.
• Following these transactions, Slabaugh directly owns 566,100 shares of Class A Common Stock and 285,714 stock options.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard Form 4 filing related to executive compensation. The acquisition of shares and options suggests confidence, but it's not overwhelmingly positive.

Positives

• The acquisition of RSUs and stock options by a key executive like the CFO can be seen as a positive sign, indicating confidence in the company's future performance.
• The vesting schedules for both RSUs and stock options incentivize long-term commitment from the CFO.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The transactions may have a minor positive impact on shareholder sentiment due to the CFO's increased stake in the company.

Key Dates