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

Paul Donnell, Chief Accounting Officer of FiscalNote Holdings, sold 505 shares of Class A Common Stock to cover tax obligations arising from the vesting of restricted stock units.

Summary

• On July 5, 2024, Paul Donnell, the Chief Accounting Officer of FiscalNote Holdings, Inc., sold 505 shares of Class A Common Stock.
• The sale was executed at a price of $1.8448 per share.
• This transaction was conducted to satisfy the reporting person's tax obligation upon the vesting of 1,250 restricted stock units.
• The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 12, 2023.
• Following the transaction, Donnell directly owns 25,301 shares of FiscalNote Holdings, Inc.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing an insider stock sale for tax purposes. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.

Industry Context

This is a routine Form 4 filing, indicating an insider transaction. Such filings are common and provide transparency into the trading activities of company executives. The sale appears to be related to tax obligations, which is a typical reason for such transactions.

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 (tax obligations) and the existence of a pre-arranged trading plan.

Key Dates