Form 4: FiscalNote Holdings Director Yao Gerald Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Director Yao Gerald of FiscalNote Holdings reports the disposal of 1,059 Class A Common Stock shares to cover tax obligations, while still holding a significant number of shares directly and indirectly.
Summary
- On March 7, 2024, Yao Gerald, a director and CSO of FiscalNote Holdings, Inc., reported a transaction involving Class A Common Stock.
- 1,059 shares were disposed of to satisfy tax obligations related to the vesting of restricted stock units.
- The shares were sold at a price of $2.06.
- Following the transaction, Yao Gerald directly owns 4,000 shares and indirectly owns 86,283 shares through the Gerald Yao Revocable Trust Dated January 10, 2019.
- The reporting person is the trustee of the trust.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no significant positive or negative implications.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax-related stock disposal, which is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| January 10, 2019 | Date of the Gerald Yao Revocable Trust |
| 03/07/2024 | Date of stock transaction |
| 03/12/2024 | Date of signature on the Form 4 filing |
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