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[Form 4] FiscalNote Holdings, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

On 07/17/2025 FiscalNote Holdings (NOTE) President & CEO Josh Resnik filed a Form 4 reporting a tax-related share withholding transaction. Using transaction code F, the company withheld 34,045 Class A common shares at an average price of $0.6501 to satisfy Resnik’s obligations triggered by the vesting of 103,230 restricted stock units. No open-market sale occurred and no derivative securities were involved.

Following the withholding, Resnik’s direct ownership stands at 2,742,123 Class A shares, indicating he still controls a substantial equity stake in the company. Because the disposition is routine and does not change his economic exposure materially, the filing is considered neutral from a market-impact perspective.

Il 17/07/2025, il Presidente e CEO di FiscalNote Holdings (NOTE), Josh Resnik, ha presentato un Modulo 4 per segnalare una transazione di trattenuta azionaria legata a imposte. Utilizzando il codice transazione F, la società ha trattenuto 34.045 azioni ordinarie di Classe A a un prezzo medio di $0,6501 per soddisfare gli obblighi fiscali derivanti dal vesting di 103.230 unità azionarie vincolate. Non è avvenuta alcuna vendita sul mercato aperto né sono stati coinvolti strumenti derivati.

Dopo la trattenuta, la proprietà diretta di Resnik ammonta a 2.742.123 azioni di Classe A, confermando che mantiene una quota azionaria significativa nella società. Poiché questa operazione è di routine e non modifica sostanzialmente la sua esposizione economica, la segnalazione è considerata neutrale dal punto di vista dell'impatto sul mercato.

El 17/07/2025, el Presidente y CEO de FiscalNote Holdings (NOTE), Josh Resnik, presentó un Formulario 4 reportando una transacción de retención de acciones relacionada con impuestos. Usando el código de transacción F, la compañía retuvo 34,045 acciones ordinarias Clase A a un precio promedio de $0.6501 para cumplir con las obligaciones fiscales derivadas del otorgamiento de 103,230 unidades de acciones restringidas. No se realizó ninguna venta en el mercado abierto ni se involucraron valores derivados.

Tras la retención, la propiedad directa de Resnik es de 2,742,123 acciones Clase A, lo que indica que aún controla una participación significativa en la empresa. Debido a que la disposición es rutinaria y no cambia materialmente su exposición económica, la presentación se considera neutral desde la perspectiva del impacto en el mercado.

2025ë…� 7ì›� 17ì�, FiscalNote Holdings(NOTE)ì� 사장 ê²� CEOì� Josh Resnikê°€ 세금 ê´€ë � ì£¼ì‹ ì›ì²œì§•수 거래ë¥� 보고하는 Form 4ë¥� 제출했습니다. 거래 코드 Fë¥� 사용하여, 회사ëŠ� 103,230ê°œì˜ ì œí•œ ì£¼ì‹ ë‹¨ìœ„ê°€ 확정ë¨ì— ë”°ë¼ Resnikì� ì˜ë¬´ë¥� 충족하기 위해 í‰ê·  ê°€ê²� $0.6501ì—� 34,045ì£¼ì˜ í´ëž˜ìŠ� A 보통주를 ì›ì²œì§•수했습니다. 공개 시장ì—서ì� 매ë„ëŠ� 없었으며 íŒŒìƒ ì¦ê¶Œë� í¬í•¨ë˜ì§€ 않았습니ë‹�.

ì›ì²œì§•수 í›� Resnikì� ì§ì ‘ 보유 주ì‹ì€ 2,742,123ì£¼ì˜ í´ëž˜ìŠ� A 주ì‹ìœ¼ë¡œ, 여전íž� 회사 ë‚� ìƒë‹¹í•� ì§€ë¶„ì„ ë³´ìœ í•˜ê³  있ìŒì� 나타냅니ë‹�. ì� ì²˜ë¶„ì€ ì¼ìƒì ì¸ 거래ì´ë©° 경제ì � 노출ì—� 실질ì ì¸ 변화를 주지 않기 때문ì—�, ì� ë³´ê³ ëŠ� 시장 ì˜í–¥ 측면ì—서 중립ì �으로 간주ë©ë‹ˆë‹�.

Le 17/07/2025, Josh Resnik, Président et CEO de FiscalNote Holdings (NOTE), a déposé un formulaire 4 signalant une opération de retenue d’actions liée à des obligations fiscales. En utilisant le code de transaction F, la société a retenu 34 045 actions ordinaires de Classe A à un prix moyen de 0,6501 $ pour satisfaire les obligations fiscales de Resnik déclenchées par l’acquisition de 103 230 unités d’actions restreintes. Aucune vente sur le marché ouvert n’a eu lieu et aucun instrument dérivé n’a été impliqué.

Après cette retenue, la détention directe de Resnik s’élève à 2 742 123 actions de Classe A, indiquant qu’il contrôle toujours une participation importante dans la société. Comme cette opération est routinière et ne modifie pas de manière significative son exposition économique, le dépôt est considéré comme neutre du point de vue de l’impact sur le marché.

Am 17.07.2025 reichte Josh Resnik, Präsident und CEO von FiscalNote Holdings (NOTE), ein Formular 4 ein, um eine steuerbedingte Aktienrückbehaltstransaktion zu melden. Unter Verwendung des Transaktionscodes F behielt das Unternehmen 34.045 Class-A-Stammaktien zu einem Durchschnittspreis von $0,6501 ein, um Resniks Verpflichtungen aus der Vesting von 103.230 Restricted Stock Units zu erfüllen. Es fand kein Verkauf am offenen Markt statt und es waren keine Derivate beteiligt.

Nach der Einbehaltung hält Resnik direkt 2.742.123 Class-A-Aktien, was darauf hinweist, dass er weiterhin eine bedeutende Beteiligung am Unternehmen besitzt. Da die Transaktion routinemäßig ist und seine wirtschaftliche Beteiligung nicht wesentlich verändert, wird die Meldung aus Marktsicht als neutral eingestuft.

Positive
  • CEO still owns 2,742,123 shares, underscoring continued alignment with shareholders.
  • Transaction was tax-related (code F), avoiding the negative optics of an open-market sale.
Negative
  • 34,045 shares were removed from public float as part of tax withholding, a minor dilutive effect.
  • Low implied price of $0.6501 highlights the stock’s depressed valuation at the time of vesting.

Insights

TL;DR: Routine tax withholding; CEO retains 2.74 M shares—neutral insider signal.

The Form 4 shows an internal share disposition classified under code F, meaning shares were withheld by the issuer, not sold in the market. The 34,045-share amount equals roughly one-third of the 103,230 RSUs that vested, a typical federal and state tax coverage ratio. Post-transaction holdings of 2.74 M shares suggest continued alignment of executive and shareholder interests. Given the small size relative to Resnik’s stake and the lack of market sale, I view the filing as operationally irrelevant to valuation or liquidity.

TL;DR: Standard equity-compensation settlement; governance implications minimal.

Code F transactions generally reflect compliance with tax law rather than discretionary trading. No red flags such as accelerated sales, option exercises, or pattern selling are present. Maintaining over 2.7 M shares indicates a long-term commitment. Therefore, the governance impact is neutral; investors should not interpret this as a signal of insider sentiment.

Il 17/07/2025, il Presidente e CEO di FiscalNote Holdings (NOTE), Josh Resnik, ha presentato un Modulo 4 per segnalare una transazione di trattenuta azionaria legata a imposte. Utilizzando il codice transazione F, la società ha trattenuto 34.045 azioni ordinarie di Classe A a un prezzo medio di $0,6501 per soddisfare gli obblighi fiscali derivanti dal vesting di 103.230 unità azionarie vincolate. Non è avvenuta alcuna vendita sul mercato aperto né sono stati coinvolti strumenti derivati.

Dopo la trattenuta, la proprietà diretta di Resnik ammonta a 2.742.123 azioni di Classe A, confermando che mantiene una quota azionaria significativa nella società. Poiché questa operazione è di routine e non modifica sostanzialmente la sua esposizione economica, la segnalazione è considerata neutrale dal punto di vista dell'impatto sul mercato.

El 17/07/2025, el Presidente y CEO de FiscalNote Holdings (NOTE), Josh Resnik, presentó un Formulario 4 reportando una transacción de retención de acciones relacionada con impuestos. Usando el código de transacción F, la compañía retuvo 34,045 acciones ordinarias Clase A a un precio promedio de $0.6501 para cumplir con las obligaciones fiscales derivadas del otorgamiento de 103,230 unidades de acciones restringidas. No se realizó ninguna venta en el mercado abierto ni se involucraron valores derivados.

Tras la retención, la propiedad directa de Resnik es de 2,742,123 acciones Clase A, lo que indica que aún controla una participación significativa en la empresa. Debido a que la disposición es rutinaria y no cambia materialmente su exposición económica, la presentación se considera neutral desde la perspectiva del impacto en el mercado.

2025ë…� 7ì›� 17ì�, FiscalNote Holdings(NOTE)ì� 사장 ê²� CEOì� Josh Resnikê°€ 세금 ê´€ë � ì£¼ì‹ ì›ì²œì§•수 거래ë¥� 보고하는 Form 4ë¥� 제출했습니다. 거래 코드 Fë¥� 사용하여, 회사ëŠ� 103,230ê°œì˜ ì œí•œ ì£¼ì‹ ë‹¨ìœ„ê°€ 확정ë¨ì— ë”°ë¼ Resnikì� ì˜ë¬´ë¥� 충족하기 위해 í‰ê·  ê°€ê²� $0.6501ì—� 34,045ì£¼ì˜ í´ëž˜ìŠ� A 보통주를 ì›ì²œì§•수했습니다. 공개 시장ì—서ì� 매ë„ëŠ� 없었으며 íŒŒìƒ ì¦ê¶Œë� í¬í•¨ë˜ì§€ 않았습니ë‹�.

ì›ì²œì§•수 í›� Resnikì� ì§ì ‘ 보유 주ì‹ì€ 2,742,123ì£¼ì˜ í´ëž˜ìŠ� A 주ì‹ìœ¼ë¡œ, 여전íž� 회사 ë‚� ìƒë‹¹í•� ì§€ë¶„ì„ ë³´ìœ í•˜ê³  있ìŒì� 나타냅니ë‹�. ì� ì²˜ë¶„ì€ ì¼ìƒì ì¸ 거래ì´ë©° 경제ì � 노출ì—� 실질ì ì¸ 변화를 주지 않기 때문ì—�, ì� ë³´ê³ ëŠ� 시장 ì˜í–¥ 측면ì—서 중립ì �으로 간주ë©ë‹ˆë‹�.

Le 17/07/2025, Josh Resnik, Président et CEO de FiscalNote Holdings (NOTE), a déposé un formulaire 4 signalant une opération de retenue d’actions liée à des obligations fiscales. En utilisant le code de transaction F, la société a retenu 34 045 actions ordinaires de Classe A à un prix moyen de 0,6501 $ pour satisfaire les obligations fiscales de Resnik déclenchées par l’acquisition de 103 230 unités d’actions restreintes. Aucune vente sur le marché ouvert n’a eu lieu et aucun instrument dérivé n’a été impliqué.

Après cette retenue, la détention directe de Resnik s’élève à 2 742 123 actions de Classe A, indiquant qu’il contrôle toujours une participation importante dans la société. Comme cette opération est routinière et ne modifie pas de manière significative son exposition économique, le dépôt est considéré comme neutre du point de vue de l’impact sur le marché.

Am 17.07.2025 reichte Josh Resnik, Präsident und CEO von FiscalNote Holdings (NOTE), ein Formular 4 ein, um eine steuerbedingte Aktienrückbehaltstransaktion zu melden. Unter Verwendung des Transaktionscodes F behielt das Unternehmen 34.045 Class-A-Stammaktien zu einem Durchschnittspreis von $0,6501 ein, um Resniks Verpflichtungen aus der Vesting von 103.230 Restricted Stock Units zu erfüllen. Es fand kein Verkauf am offenen Markt statt und es waren keine Derivate beteiligt.

Nach der Einbehaltung hält Resnik direkt 2.742.123 Class-A-Aktien, was darauf hinweist, dass er weiterhin eine bedeutende Beteiligung am Unternehmen besitzt. Da die Transaktion routinemäßig ist und seine wirtschaftliche Beteiligung nicht wesentlich verändert, wird die Meldung aus Marktsicht als neutral eingestuft.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Resnik Josh

(Last) (First) (Middle)
C/O FISCALNOTE HOLDINGS, INC.
1201 PENNSYLVANIA AVE NW, 6TH FL

(Street)
WASHINGTON DC 20004

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
FiscalNote Holdings, Inc. [ NOTE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President and CEO
3. Date of Earliest Transaction (Month/Day/Year)
07/17/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 07/17/2025 F 34,045(1) D $0.6501 2,742,123 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Represents shares of the Issuer's Class A Common Stock withheld to satisfy the reporting person's tax obligation upon the vesting of 103,230 restricted stock units.
/s/ Todd Aman, Attorney-in-Fact 07/21/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
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Information Technology Services
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