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

FiscalNote Holdings' President and COO, Josh Resnik, sold 943 shares of Class A Common Stock on July 8, 2024, to cover tax obligations related to vesting restricted stock units.

Summary

• On July 8, 2024, Josh Resnik, President and COO of FiscalNote Holdings, Inc., sold 943 shares of Class A Common Stock.
• The sale was executed at a price of $1.7656 per share.
• The transaction was conducted to satisfy tax obligations arising from the vesting of 2,408 restricted stock units.
• The sale was made pursuant to a Rule 10b5-1 trading plan adopted on June 20, 2023.
• Following the transaction, Resnik directly owns 445,312 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to insider trading. It doesn't inherently convey positive or negative sentiment, as it simply reports a transaction.

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 the vesting of stock awards. The use of a 10b5-1 trading plan suggests that the sales were pre-planned and not based on any inside information.

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 (tax obligations) and the relatively small number of shares involved.

Key Dates