Form 4: FiscalNote Holdings Director Keith Nilsson Reports Acquisition of Class A Common Stock

Director Keith Nilsson reports acquiring 134,615 shares of Class A Common Stock in FiscalNote Holdings, Inc.

Summary

• On May 29, 2024, Keith Nilsson, a director of FiscalNote Holdings, Inc., reported acquiring 134,615 shares of Class A Common Stock.
• These shares were acquired at a price of $0.
• Following the transaction, Nilsson directly owns 707,475 shares of Class A Common Stock.
• Nilsson also has indirect ownership through various entities, including Xplorer Capital Fund III L.P. (2,123,156 shares), XC FiscalNote-B, LLC (2,250,000 shares), Xplorer Capital Fund III GP, LLC (301,585 shares), XC FiscalNote-C, LLC (318,584 shares), and XC Continuation Fund I, LLC (4,752,782 shares).
• The acquisition includes restricted stock units (RSUs) that will vest on the date of the Issuer's 2025 annual meeting of stockholders.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard regulatory filing reporting a transaction. The acquisition of shares by a director could be interpreted as a slightly positive signal, but it's not definitively bullish.

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 on the date of the Issuer's 2025 annual meeting of stockholders.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is common in publicly traded companies.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment.

Key Dates