Form 4: FiscalNote Holdings Director Yao Gerald Sells 4,000 Shares
SEC Form 4 Filing
Director Yao Gerald of FiscalNote Holdings sold 4,000 shares of Class A Common Stock at $1.8 per share on March 18, 2024.
Summary
- On March 18, 2024, Yao Gerald, a Director and CSO of FiscalNote Holdings, Inc., sold 4,000 shares of Class A Common Stock.
- The sale price was $1.8 per share.
- Following the transaction, Yao Gerald directly owns 4,000 shares of Class A Common Stock.
- Yao Gerald indirectly owns 82,283 shares through the Gerald Yao Revocable Trust Dated January 10, 2019.
Sentiment
Score: 4
Explanation: The sentiment is neutral to slightly negative. While it's a routine transaction, insider selling can sometimes be interpreted negatively by the market.
Negatives
- A director selling shares could be perceived negatively by investors.
Risks
- Further sales by insiders could put downward pressure on the stock price.
Industry Context
Insider transactions are closely monitored by investors as they can provide insights into management's perspective on the company's future prospects.
Key Dates
| Date | Description |
|---|---|
| January 10, 2019 | Date of the Gerald Yao Revocable Trust |
| March 18, 2024 | Date of the stock sale transaction |
| March 20, 2024 | Date of the Form 4 filing |
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