Form 4: FiscalNote Holdings Executive Sells Shares to Cover Tax Obligations

Paul Donnell, Chief Accounting Officer of FiscalNote Holdings, sold 447 shares of Class A Common Stock to cover tax obligations arising from vesting restricted stock units.

Summary

• On October 7, 2024, Paul Donnell, the Chief Accounting Officer of FiscalNote Holdings, Inc., sold 447 shares of Class A Common Stock.
• The sale was executed at a price of $1.1495 per share.
• The transaction was conducted to satisfy the reporting person's tax obligation upon the vesting of 1,251 restricted stock units.
• The sale was executed pursuant to a Rule 10b5-1 trading plan adopted on May 12, 2023.
• Following the transaction, Donnell directly owns 107,105 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. It doesn't convey any strong positive or negative sentiment about the company's performance or future prospects.

Industry Context

This is a routine Form 4 filing, reflecting an insider's stock sale to cover tax obligations, a common practice among corporate executives. It doesn't necessarily indicate a negative outlook on the company.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates