Form 4: FiscalNote Holdings SVP, General Counsel & Secretary Sells Shares to Cover Tax Obligations
SEC Form 4
Todd Aman, SVP, General Counsel & Secretary of FiscalNote Holdings, sold 532 shares of Class A Common Stock to cover tax obligations arising from the vesting of restricted stock units.
Summary
- On May 15, 2024, Todd Aman, SVP, General Counsel & Secretary of FiscalNote Holdings, sold 532 shares of Class A Common Stock.
- The shares were sold at a price of $1.4825 per share.
- The sale was executed to satisfy tax obligations related to 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 beneficially owns 42,286 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine sale of shares to cover tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Sales by company insiders are a common occurrence, especially when related to covering tax obligations from vesting equity. The use of a 10b5-1 plan suggests the insider is selling shares in a pre-planned manner to avoid accusations of insider trading.
Key Dates
| Date | Description |
|---|---|
| May 12, 2023 | Date of adoption of Rule 10b5-1 trading plan |
| May 15, 2024 | Date of stock sale transaction |
| May 17, 2024 | Date of signature on Form 4 |
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