Form 4: FiscalNote Holdings COO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Josh Resnik, COO of FiscalNote Holdings, sold shares of Class A Common Stock to cover tax obligations arising from the vesting of restricted stock units.
Summary
- On September 30, 2024, Josh Resnik, the President and COO of FiscalNote Holdings, Inc., sold 3,314 shares of Class A Common Stock.
- The sale was executed at a price of $1.2512 per share.
- The transaction was conducted to satisfy the reporting person's tax obligation upon the vesting of 9,722 restricted stock units.
- The sale was executed pursuant to a Rule 10b5-1 trading plan adopted on June 20, 2023.
- Following the transaction, Resnik still beneficially owns 742,282 shares of FiscalNote Holdings, Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine sale of shares to cover tax obligations and was executed under a pre-arranged trading plan. It doesn't indicate any positive or negative outlook for the company.
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 existence of a pre-arranged 10b5-1 trading plan suggests that the sale was planned in advance and not based on any material non-public information.
Key Dates
| Date | Description |
|---|---|
| June 20, 2023 | Date of adoption of Rule 10b5-1 trading plan |
| September 30, 2024 | Date of transaction (sale of shares) |
| October 02, 2024 | Date of signature on the Form 4 filing |
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