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

FiscalNote Holdings' COO, Josh Resnik, sold 3,529 shares of Class A Common Stock on November 1, 2024, to cover tax obligations arising from the vesting of restricted stock units.

Summary

• On November 1, 2024, Josh Resnik, the President and COO of FiscalNote Holdings, Inc., sold 3,529 shares of Class A Common Stock.
• The sale was executed at a price of $0.8349 per share.
• This transaction was conducted to satisfy the reporting person's tax obligations upon the vesting of 9,722 restricted stock units.
• The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on June 20, 2023.
• Following the transaction, Resnik still beneficially owns 737,936 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale of shares to cover tax obligations and doesn't indicate a change in the executive's outlook on the company.

Industry Context

This is a routine transaction for covering tax obligations and doesn't necessarily indicate a change in the executive's confidence in the company. It is common for executives to use 10b5-1 plans to automate such transactions.

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 since it was a pre-planned transaction to cover tax obligations.

Key Dates