Form 4: FiscalNote Holdings CSO Gerald Yao Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Gerald Yao, CSO and Director of FiscalNote Holdings, reports a transaction involving Class A Common Stock related to tax obligations upon vesting of restricted stock units.
Summary
- On April 8, 2024, Gerald Yao, the CSO and Director of FiscalNote Holdings, Inc., reported a change in beneficial ownership of the company's Class A Common Stock.
- 1,059 shares were disposed of to satisfy tax obligations upon the vesting of 2,742 restricted stock units, at a price of $1.4 per share.
- Following the transaction, Yao directly owns 4,000 shares of Class A Common Stock and indirectly owns 81,224 shares through the Gerald Yao Revocable Trust Dated January 10, 2019, where he serves as Trustee.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects a routine transaction related to tax obligations.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| January 10, 2019 | Date of the Gerald Yao Revocable Trust |
| April 8, 2024 | Date of the transaction involving Class A Common Stock |
| April 10, 2024 | Date of signature for the Form 4 filing |
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