Form 4: FiscalNote Holdings: Insider Activity Shows Director Manoj Jain Receives Stock Grant

Director Manoj Jain receives 6,000 shares of Class A Common Stock as compensation, while multiple entities associated with Jain and others report beneficial ownership of significant blocks of shares.

Summary

• This Form 4 filing details changes in beneficial ownership of FiscalNote Holdings, Inc. (NOTE) stock.
• Director Manoj Jain received 6,000 shares of Class A Common Stock on September 4, 2024, as compensation for his service as a non-management director.
• These shares were granted in lieu of a quarterly cash retainer.
• The filing also shows indirect beneficial ownership of Class A Common Stock by several entities, including Duddell Street Holdings Ltd, Maso Capital Investments Limited, Blackwell Partners LLC Series A, and Star V Partners LLC.
• Duddell Street Holdings Ltd holds 606,250 shares, Maso Capital Investments Limited holds 3,450,320 shares, Blackwell Partners LLC Series A holds 17,854,774 shares, and Star V Partners LLC holds 7,002,387 shares.
• Manoj Jain and Sohit Khurana are associated with Maso Capital Partners Limited, which has investment and voting power over shares held by MCIL, BPL and SVPL.
• Todd Aman signed the document as Attorney-in-Fact for several entities.
• Sohit Khurana also signed the document.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information about stock ownership.

Positives

• The grant of shares to a director can be seen as an alignment of interests between management and shareholders.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the trading activities of insiders and large shareholders.

Stakeholder Impact

• Shareholders may be interested in the ownership structure and insider activity of FiscalNote Holdings.
• The stock grant to the director could be viewed positively as aligning interests.

Key Dates