Form 4: FiscalNote Officer Sells Shares for Tax Obligation

FiscalNote Holdings' Chief Legal & Admin. Officer, Todd Aman, disposed of 8,331 Class A Common Stock shares to cover tax obligations related to RSU vesting.

Summary

• Todd Aman, Chief Legal & Admin. Officer of FiscalNote Holdings, Inc., reported a transaction involving the company's Class A Common Stock.
• On January 2, 2026, 8,331 shares of Class A Common Stock were disposed of at a price of $1.59 per share.
• This disposition was made to satisfy tax obligations incurred upon the vesting of 25,220 restricted stock units.
• Following this transaction, Aman beneficially owns 80,087 shares of FiscalNote Holdings, Inc. Class A Common Stock.

Sentiment

Score: 5

Explanation: The transaction is a routine disposition of shares by an officer to cover tax obligations upon RSU vesting, which is a neutral event for company fundamentals and does not indicate a change in company performance or outlook.

Positives

• The vesting of 25,220 restricted stock units indicates a component of executive compensation being realized.

Negatives

• A disposition of 8,331 shares by a key officer, even for tax purposes, slightly reduces their direct ownership stake in the company.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Disposition of 8,331 Class A Common Stock shares to FiscalNote Holdings, Inc. to satisfy tax obligations related to the vesting of restricted stock units.

Stakeholder Impact

• Shareholders: A minor reduction in direct ownership by a key officer, but for a routine tax purpose, which is generally not indicative of a change in confidence.
• Employees: Demonstrates the standard process for RSU vesting and associated tax withholding, which is common for equity compensation plans.

Key Dates

Recommendation

This Form 4 filing details a routine disposition of shares by an officer to cover tax obligations upon the vesting of restricted stock units. Such administrative transactions typically do not reflect a change in the officer's confidence in the company's future prospects and therefore do not warrant a change in investment recommendation based solely on this filing.

Keywords

FiscalNote Holdings, NOTE, Todd Aman, Form 4, insider transaction, stock sale, RSU vesting, tax withholding, Class A Common Stock