Form 4: FiscalNote Holdings Director Yao Gerald Reports Stock Transactions

Director and CSO of FiscalNote Holdings, Gerald Yao, reports acquisition and disposal of Class A Common Stock.

Summary

• Gerald Yao, a Director and CSO of FiscalNote Holdings, reported transactions involving Class A Common Stock.
• On December 31, 2024, Yao acquired 5,284 shares of Class A Common Stock at $0.91 per share through the FiscalNote Holdings, Inc. 2022 Employee Stock Purchase Plan.
• On February 7, 2025, Yao disposed of 483 shares of Class A Common Stock at $1.28 per share to satisfy tax obligations upon the vesting of restricted stock units.
• Yao directly owns 4,000 shares of Class A Common Stock.
• Following these transactions, Yao indirectly owns 195,090 shares of Class A Common Stock through the Gerald Yao Revocable Trust Dated January 10, 2019.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock transactions. The acquisition through the employee stock purchase plan is mildly positive, while the disposal for tax obligations is mildly negative, balancing out to a neutral sentiment.

Positives

• The acquisition of shares through the Employee Stock Purchase Plan indicates confidence in the company's future.

Negatives

• The disposal of shares to cover tax obligations could be perceived as a minor negative, although it's a common practice.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. It provides transparency into the actions of company executives and directors.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are relatively small in scale.

Key Dates