Form 4: FiscalNote Holdings Director, Keith Nilsson, Reports Changes in Beneficial Ownership

Keith Nilsson, a director at FiscalNote Holdings, reported the acquisition of 8,849 shares of Class A Common Stock and indirect ownership through various entities.

Summary

• On March 3, 2025, Keith Nilsson, a director of FiscalNote Holdings, Inc., reported changes in beneficial ownership of the company's stock.
• Nilsson acquired 8,849 shares of Class A Common Stock as compensation for serving as a non-management director, in lieu of a quarterly cash retainer.
• Following the transaction, Nilsson directly owns 733,847 shares of Class A Common Stock.
• Nilsson also has indirect ownership through several 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).
• Nilsson is the managing partner or manager of these entities and may be deemed to have voting and dispositive power over the shares held by them.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing. The acquisition of shares by a director is generally viewed neutrally to slightly positive, suggesting confidence in the company, but it's not a major event.

Positives

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

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The change in ownership may have a minor impact on shareholders, potentially increasing confidence due to insider buying.

Key Dates