Form 4: FiscalNote Holdings SVP, General Counsel & Secretary Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Todd Aman, SVP, General Counsel & Secretary of FiscalNote Holdings, sold 530 shares of Class A Common Stock on August 15, 2024, to cover tax obligations related to vesting restricted stock units.
Summary
- On August 15, 2024, Todd Aman, the SVP, General Counsel & Secretary of FiscalNote Holdings, sold 530 shares of Class A Common Stock.
- The shares were sold at a price of $1.234 per share.
- The sale was executed to satisfy tax obligations upon the vesting of 1,501 restricted stock units.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on May 12, 2023.
- Following the transaction, Todd Aman directly owns 169,534 shares of FiscalNote Holdings.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine sale of shares to cover tax obligations and doesn't reflect a change in the executive's outlook on the company.
Industry Context
This is a routine transaction for executives to cover tax obligations related to stock-based compensation. It is common practice and generally doesn't indicate a change in the executive's confidence in the company.
Stakeholder Impact
- The sale of shares has a minimal impact on shareholders as it is a small transaction by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| May 12, 2023 | Date of adoption of Rule 10b5-1 trading plan |
| August 15, 2024 | Date of stock sale transaction |
| August 19, 2024 | Date of signature on the Form 4 filing |
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