Form 4: FiscalNote Holdings CSO Gerald Yao Reports Stock Disposals to Cover Tax Obligations

Gerald Yao, CSO and Director of FiscalNote Holdings, reports disposals of Class A Common Stock to cover tax obligations related to vesting restricted stock units.

Summary

• On August 7, 2024, Gerald Yao, the CSO and a Director of FiscalNote Holdings, Inc., reported the disposal of Class A Common Stock.
• The disposals were made to satisfy tax obligations arising from the vesting of restricted stock units.
• Specifically, 483 shares were disposed of at a price of $1.39 per share, and 1,059 shares were disposed of at the same price.
• Following these transactions, Yao directly owns 4,000 shares and indirectly owns 200,152 and 199,093 shares through the Gerald Yao Revocable Trust Dated January 10, 2019.
• Todd Aman, Attorney-in-Fact, signed the report on August 9, 2024.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing relates to routine stock disposals for tax purposes.

Industry Context

This filing is a routine disclosure related to insider transactions. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Stakeholder Impact

• The stock disposal may have a minor impact on shareholders due to the increased supply of shares in the market, but it is unlikely to be significant given the relatively small number of shares involved.

Key Dates