Form 4: FiscalNote Holdings Executive Sells Shares to Cover Tax Obligations
SEC Form 4
Paul Donnell, Chief Accounting Officer of FiscalNote Holdings, sold 512 shares of Class A Common Stock on February 7, 2025, to cover tax obligations arising from the vesting of restricted stock units.
Summary
- On February 7, 2025, Paul Donnell, the Chief Accounting Officer of FiscalNote Holdings, Inc., sold 512 shares of Class A Common Stock.
- The sale was executed at a price of $1.304 per share.
- This transaction was conducted to satisfy the reporting person's tax obligations upon the vesting of 1,288 restricted stock units.
- The sale was made pursuant to a Rule 10b5-1 trading plan adopted on May 12, 2023.
- Following the transaction, Donnell directly owns 106,142 shares of FiscalNote Holdings, Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an insider stock sale for tax purposes, indicating a neutral sentiment.
Industry Context
This is a routine Form 4 filing, indicative of insider transactions for tax purposes, and is a common practice among executives at publicly traded companies.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to significantly affect the company's overall performance.
Key Dates
| Date | Description |
|---|---|
| 2023-05-12 | Date of adoption of Rule 10b5-1 trading plan |
| 2025-02-07 | Date of stock sale transaction |
| 2025-02-11 | Date of signature on the Form 4 filing |
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