Form 4: FiscalNote Holdings COO Josh Resnik Sells Shares to Cover Tax Obligations

Josh Resnik, President and COO of FiscalNote Holdings, sold 923 shares of Class A Common Stock on August 7, 2024, to cover tax obligations related to vesting restricted stock units.

Summary

• On August 7, 2024, Josh Resnik, the President and COO of FiscalNote Holdings, sold 923 shares of Class A Common Stock.
• The sale was executed at a price of $1.3998 per share.
• This transaction was done to satisfy the reporting person's tax obligation upon the vesting of 2,407 restricted stock units.
• The sale was conducted under a Rule 10b5-1 trading plan adopted on June 20, 2023.
• Following the transaction, Resnik still beneficially owns 750,243 shares of 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 convey any particularly positive or negative sentiment about the company's prospects.

Industry Context

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

Stakeholder Impact

• The sale of shares by an executive could have a minor negative impact on shareholder sentiment, but the impact is likely to be minimal given the reason for the sale and the relatively small number of shares involved.

Key Dates