Form 4: FiscalNote Holdings COO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Josh Resnik, President and COO of FiscalNote Holdings, sold 938 shares of Class A Common Stock to cover tax obligations arising from the vesting of restricted stock units.
Summary
- On April 8, 2024, Josh Resnik, the President and COO of FiscalNote Holdings, Inc., sold 938 shares of Class A Common Stock.
- The sale was executed at a price of $1.3881 per share.
- The transaction was conducted to satisfy the reporting person's tax obligation upon the vesting of 2,407 restricted stock units.
- The sale was executed pursuant to a Rule 10b5-1 trading plan adopted on June 20, 2023.
- Following the transaction, Resnik directly owns 459,442 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, indicating a neutral sentiment.
Industry Context
This is a routine Form 4 filing, reflecting an insider's sale of shares to cover tax obligations, which is a common practice.
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
| Date | Description |
|---|---|
| 06/20/2023 | Date of adoption of Rule 10b5-1 trading plan |
| 04/08/2024 | Date of transaction (sale of shares) |
| 04/10/2024 | Date of signature on the Form 4 filing |
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