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

Josh Resnik, COO of FiscalNote Holdings, sold 3,810 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.

Summary

• On February 29, 2024, Josh Resnik, the President and COO of FiscalNote Holdings, Inc., sold 3,810 shares of Class A Common Stock.
• The sale was executed at a price of $1.6256 per share.
• This transaction was conducted to satisfy the reporting person's tax obligation upon the vesting of 9,722 restricted stock units.
• The sale was made pursuant to a Rule 10b5-1 trading plan adopted on June 20, 2023.
• Following the transaction, Resnik still beneficially owns 465,198 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) by an executive, which is neither particularly positive nor negative. The use of a 10b5-1 plan suggests the sale was pre-planned.

Industry Context

Insider sales are a common occurrence, especially when executives exercise stock options or restricted stock units. The use of a 10b5-1 trading plan suggests the sale was pre-planned and not based on any inside information.

Stakeholder Impact

• The sale of shares by an executive could have a minor negative impact on shareholder sentiment, although the use of a 10b5-1 plan mitigates this concern.

Key Dates