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

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

• Josh Resnik, the President and COO of FiscalNote Holdings, Inc., sold 3,818 shares of Class A Common Stock on May 31, 2024.
• The shares were sold at a price of $1.2585 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 still beneficially owns 450,874 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to insider trading activity for tax purposes, which is neither particularly positive nor negative.

Industry Context

This is a routine Form 4 filing, indicating insider activity related to equity compensation and tax obligations. It's common for executives to sell shares to cover taxes upon vesting of restricted stock units. The existence of a 10b5-1 plan suggests the trading activity was pre-planned.

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 existence of a pre-arranged trading plan.

Key Dates