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

Paul Donnell, Chief Accounting Officer of FiscalNote Holdings, sold 560 shares of Class A Common Stock to cover tax obligations arising from the vesting of restricted stock units.

Summary

• On May 7, 2024, Paul Donnell, the Chief Accounting Officer of FiscalNote Holdings, Inc., sold 560 shares of Class A Common Stock.
• The sale was executed at a price of $1.2101 per share.
• The transaction was conducted to satisfy the reporting person's tax obligation 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 25,806 shares of FiscalNote Holdings, Inc.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to an insider stock sale for tax purposes. It doesn't convey any particularly positive or negative sentiment about the company's prospects.

Industry Context

Insider sales, especially those related to tax obligations, are common and generally don't indicate a negative outlook for the company. Rule 10b5-1 plans are designed to allow insiders to sell shares without being accused of trading on non-public information.

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 and the relatively small number of shares involved.

Key Dates