Form 4: FiscalNote Holdings Insider Activity: Director Manoj Jain Receives Stock Grant and Ownership Details Emerge

Director Manoj Jain received a stock grant as compensation, and the filing details beneficial ownership by several entities including Duddell Street Holdings, Maso Capital Investments, Blackwell Partners, and Star V Partners.

Summary

• This Form 4 filing details changes in beneficial ownership of FiscalNote Holdings, Inc. (NOTE) stock.
• Director Manoj Jain received 6,637 shares of Class A Common Stock as compensation for his service as a non-management director, in lieu of a quarterly cash retainer.
• The filing also discloses the indirect beneficial ownership of Class A Common Stock by several entities: Duddell Street Holdings Limited (606,250 shares), Maso Capital Investments Limited (3,450,320 shares), Blackwell Partners LLC Series A (17,854,774 shares), and Star V Partners LLC (7,002,387 shares).
• Maso Capital Partners Limited (MCPL) is the investment manager for Maso Capital Investments Limited, Blackwell Partners LLC Series A, and Star V Partners LLC, and has sole voting and investment power over the shares held by these entities.
• Manoj Jain and Sohit Khurana beneficially own and control MCPL and may be deemed to have beneficial ownership over the shares held by these entities.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document primarily reports transactions and ownership details. It doesn't contain overtly positive or negative information.

Positives

• The stock grant to Manoj Jain could be seen as a positive sign of alignment between the director's interests and the company's performance.

Industry Context

Form 4 filings are a standard part of regulatory compliance for publicly traded companies, providing transparency into insider transactions and ownership structures.

Stakeholder Impact

• Shareholders may be interested in the ownership structure and insider activity disclosed in the filing.

Key Dates