Form 4: FiscalNote Holdings Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Josh Resnik, President and COO of FiscalNote Holdings, sold 939 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.
Summary
- On June 7, 2024, Josh Resnik, the President and COO of FiscalNote Holdings, Inc., sold 939 shares of Class A Common Stock.
- The sale was executed at a price of $1.13 per share.
- The transaction was conducted to satisfy the reporting person's tax obligation upon the vesting of 2,407 restricted stock units.
- The sale was executed pursuant to a Rule 10b5-1 trading plan adopted on June 20, 2023.
- Following the transaction, Resnik still beneficially owns 449,935 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) and does not contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and are generally viewed as routine transactions.
Key Dates
| Date | Description |
|---|---|
| 06/20/2023 | Date of adoption of Rule 10b5-1 trading plan |
| 06/07/2024 | Date of transaction (stock sale) |
| 06/11/2024 | Date of signature on the Form 4 filing |
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