Form 4: FiscalNote Holdings Director Gerald Yao Sells Shares Under 10b5-1 Plan

Gerald Yao, a director and CSO of FiscalNote Holdings, sold 2,750 shares of Class A Common Stock at $1.50 per share on December 18, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On December 18, 2024, Gerald Yao, a director and CSO of FiscalNote Holdings, sold 2,750 shares of Class A Common Stock.
• The sale was executed at a price of $1.50 per share.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on March 19, 2024.
• Following the transaction, Yao directly owns 4,000 shares of Class A Common Stock.
• Yao also indirectly owns 193,039 shares through the Gerald Yao Revocable Trust Dated January 10, 2019, for which he serves as Trustee.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock sale by an insider. It doesn't inherently convey positive or negative sentiment, as it's simply a factual disclosure.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders if it creates downward pressure on the stock price, although the amount sold is relatively small.

Key Dates