Form 4: FiscalNote Holdings CSO Gerald Yao Reports Tax-Related Stock Disposals
SEC Form 4 Filing
Gerald Yao, CSO and Director of FiscalNote Holdings, reports disposals of Class A Common Stock to cover tax obligations upon vesting of restricted stock units.
Summary
- On November 7, 2024, Gerald Yao, CSO and Director of FiscalNote Holdings, disposed of shares of Class A Common Stock to satisfy tax obligations.
- 417 shares were disposed of at a price of $0.95 to cover taxes related to the vesting of 1,250 restricted stock units.
- An additional 914 shares were disposed of at $0.95 to cover taxes related to the vesting of 2,743 restricted stock units.
- Following these transactions, Yao directly owns 4,000 shares and indirectly owns 195,789 shares through the Gerald Yao Revocable Trust Dated January 10, 2019.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock disposals for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| January 10, 2019 | Date of the Gerald Yao Revocable Trust |
| November 07, 2024 | Date of stock disposal transactions |
| November 12, 2024 | Date of signature on the Form 4 filing |
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