Form 4: FiscalNote Holdings Director Acquires 470,000 Shares of Class A Common Stock

Tim Hwang, a director at FiscalNote Holdings, acquired 470,000 shares of Class A Common Stock on February 21, 2025, as part of a restricted stock unit grant.

Summary

• On February 21, 2025, Tim Hwang, a director of FiscalNote Holdings, Inc., acquired 470,000 shares of Class A Common Stock.
• The acquisition was in the form of restricted stock units (RSUs) that vest monthly from January 1, 2025, until the company's 2026 annual meeting, contingent upon continuous employment.
• Hwang also indirectly owns 2,707,129 shares through the Timothy T. Hwang Revocable Trust, dated January 10, 2019, for which he serves as trustee.
• Additionally, Hwang directly owns 49,318 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a standard transaction of stock options vesting for a company director. It doesn't inherently indicate positive or negative performance, but rather a routine part of executive compensation.

Positives

• The acquisition of shares by a director could be seen as a positive signal, indicating confidence in the company's future prospects.

Future Outlook

The vesting of the RSUs is contingent upon the reporting person's continuous employment with the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it signals confidence from a company director.

Key Dates