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

Josh Resnik, President and COO of FiscalNote Holdings, sold 3,751 shares of Class A Common Stock to cover tax obligations arising from the vesting of restricted stock units.

Summary

• On April 30, 2024, Josh Resnik, the President and COO of FiscalNote Holdings, Inc., sold 3,751 shares of Class A Common Stock.
• The sale was executed at a price of $1.3609 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 455,691 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction for tax purposes and doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

This is a routine Form 4 filing, indicating an insider transaction. It's common for executives to sell shares to cover tax obligations related to vesting equity awards. The existence of a 10b5-1 plan suggests the transaction was pre-planned and not based on any material non-public information.

Stakeholder Impact

• The sale of shares by an executive could have a minor negative impact on shareholder sentiment, but the impact is likely to be minimal given the reason for the sale and the relatively small number of shares involved.

Key Dates