Form 4: FiscalNote Holdings Director Yao Gerald Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director and CSO of FiscalNote Holdings, Gerald Yao, reports the withholding of shares to cover tax obligations and updates to beneficial ownership.
Summary
- On June 7, 2024, Gerald Yao, a Director and CSO of FiscalNote Holdings, Inc., reported changes in beneficial ownership of the company's Class A Common Stock.
- 1,059 shares were withheld to satisfy tax obligations related to the vesting of 2,742 restricted stock units at a price of $1.14 per share.
- Following the transaction, Yao directly owns 4,000 shares and indirectly owns 78,623 shares through the Gerald Yao Revocable Trust Dated January 10, 2019, where he serves as Trustee.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing changes in share ownership due to tax obligations. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and is required by the SEC to ensure transparency in the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it relates to tax obligations of an insider.
Key Dates
| Date | Description |
|---|---|
| January 10, 2019 | Date of the Gerald Yao Revocable Trust |
| June 7, 2024 | Date of the reported transaction |
| June 11, 2024 | Date of signature for the Form 4 filing |
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