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

Josh Resnik, COO of FiscalNote Holdings, sold 940 shares of Class A Common Stock on September 9, 2024, to cover tax obligations related to vesting restricted stock units.

Summary

• On September 9, 2024, Josh Resnik, the President and COO of FiscalNote Holdings, Inc., sold 940 shares of Class A Common Stock.
• The sale was executed at a price of $1.1786 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 made pursuant to a Rule 10b5-1 trading plan adopted on June 20, 2023.
• Following the transaction, Resnik still beneficially owns 745,596 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction to cover tax obligations, executed under a pre-existing trading plan. It doesn't necessarily indicate a positive or negative outlook on the company.

Positives

• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, indicating it was planned in advance and not based on immediate market sentiment.

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.

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 context of tax obligations and the pre-arranged trading plan.

Key Dates