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

Josh Resnik, President and COO of FiscalNote Holdings, sold 817 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.

Summary

• On October 7, 2024, Josh Resnik, the President and COO of FiscalNote Holdings, Inc., sold 817 shares of Class A Common Stock.
• The sale was executed at a price of $1.1495 per share.
• This transaction was conducted to satisfy the reporting person's tax obligation upon the vesting of 2,407 restricted stock units.
• The sale was executed under a Rule 10b5-1 trading plan adopted on June 20, 2023.
• Following the transaction, Resnik beneficially owns 741,465 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) by an officer of the company. It doesn't contain any information that would be considered significantly positive or negative.

Industry Context

This is a routine Form 4 filing, indicating an insider transaction. It's common for executives to sell shares to cover tax obligations related to vesting equity awards. The existence of a 10b5-1 plan suggests the transaction was pre-planned and not based on current market information.

Stakeholder Impact

• The sale of shares by an officer could have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect.

Key Dates