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

Josh Resnik, COO of FiscalNote Holdings, sold 3,680 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.

Summary

• On July 1, 2024, Josh Resnik, the President and COO of FiscalNote Holdings, Inc., sold 3,680 shares of Class A Common Stock.
• The sale was executed at a price of $1.4382 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 beneficially owns 446,255 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily reflect a change in the executive's confidence in the company.

Industry Context

This is a routine Form 4 filing, indicating an insider transaction. It is common for executives to sell shares to cover tax obligations related to vesting equity awards. The existence of a 10b5-1 plan suggests the sales were pre-planned.

Stakeholder Impact

• The sale of shares could have a minor negative impact on shareholders due to the increased supply of shares in the market, but the effect is likely to be minimal given the relatively small number of shares sold.

Key Dates