Form 4: FiscalNote Holdings COO Sells Shares to Cover Tax Obligations
SEC Form 4
Josh Resnik, President and COO of FiscalNote Holdings, sold 3,707 shares of Class A Common Stock to cover tax obligations arising from the vesting of restricted stock units.
Summary
- On September 3, 2024, Josh Resnik, the President and COO of FiscalNote Holdings, sold 3,707 shares of Class A Common Stock.
- The sale was executed at a price of $1.2658 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 made pursuant to a Rule 10b5-1 trading plan adopted on June 20, 2023.
- Following the transaction, Resnik directly owns 746,536 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reflects a routine transaction for tax purposes and doesn't necessarily indicate a change in the executive's confidence in the company.
Industry Context
This is a routine Form 4 filing, indicating insider activity related to stock compensation and tax obligations. It's common for executives to sell shares to cover taxes upon vesting of restricted stock units.
Stakeholder Impact
- The sale of shares by an executive could have a minor negative impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| June 20, 2023 | Date of adoption of Rule 10b5-1 trading plan |
| September 03, 2024 | Date of transaction (stock sale) |
| September 05, 2024 | Date of signature on the Form 4 filing |
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