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

Josh Resnik, President and 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 August 1, 2024, Josh Resnik, the President and COO of FiscalNote Holdings, sold 4,146 shares of Class A Common Stock.
• The shares were sold at a price of $1.385 per share.
• The sale was executed to satisfy the reporting person's tax obligation upon the vesting of 9,722 restricted stock units.
• The transaction was conducted pursuant to a Rule 10b5-1 trading plan adopted on June 20, 2023.
• Following the transaction, Resnik beneficially owns 751,166 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment regarding the company's prospects.

Industry Context

Insider sales, especially those related to tax obligations, are common and closely monitored by investors. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on current inside information.

Stakeholder Impact

• The sale of shares by a high-ranking executive could be perceived negatively by some shareholders, although the pre-planned nature of the sale mitigates this concern.

Key Dates