Form 4: FiscalNote Holdings SVP, General Counsel & Secretary Sells Shares to Cover Tax Obligations

Todd Aman, SVP, General Counsel & Secretary of FiscalNote Holdings, sold 858 shares of Class A Common Stock on May 7, 2024, to cover tax obligations related to vesting restricted stock units.

Summary

• On May 7, 2024, Todd Aman, the SVP, General Counsel & Secretary of FiscalNote Holdings, sold 858 shares of Class A Common Stock.
• The shares were sold at a price of $1.2101 per share.
• The sale was executed to satisfy tax obligations arising from the vesting of 2,251 restricted stock units.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on May 12, 2023.
• Following the transaction, Aman directly owns 42,818 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The sale of shares to cover tax obligations is a neutral event and doesn't necessarily reflect a positive or negative outlook on the company.

Industry Context

This is a routine Form 4 filing, indicating a transaction by a company insider. Such filings are common and provide transparency into the trading activities of company executives and directors. The sale appears to be related to tax obligations, which is a typical reason for insider sales.

Stakeholder Impact

• The sale of shares by an insider could have a minor negative impact on shareholder sentiment, although the reason for the sale (tax obligations) is generally understood.

Key Dates