Jon Slabaugh - 07 Sep 2023 Form 4 Insider Report for FiscalNote Holdings, Inc. (NOTE)

Signature
/s/ Todd Aman, Attorney-in-Fact
Issuer symbol
NOTE
Transactions as of
07 Sep 2023
Net transactions value
-$7,544
Form type
4
Filing time
11 Sep 2023, 20:50:08 UTC
Previous filing
08 Aug 2023
Next filing
12 Oct 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NOTE Class A Common Stock Sale $5,920 -2,938 -1.8% $2.02 156,700 07 Sep 2023 Direct F1
transaction NOTE Class A Common Stock Sale $1,624 -806 -0.51% $2.02 155,894 07 Sep 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 represent shares sold to satisfy the reporting person's tax obligations upon the vesting of 6,250 restricted stock units in a sell-to-cover transaction pursuant to a Rule 10b5-1 trading plan entered into by the reporting person and the Issuer on May 14, 2023.
F2 The sales reported on this Form 4 represent shares sold to satisfy the reporting person's tax obligations upon the vesting of 1,714 restricted stock units in a sell-to-cover transaction pursuant to a Rule 10b5-1 trading plan entered into by the reporting person and the Issuer on May 14, 2023.

Remarks:

Chief Financial Officer and Senior Vice President of Corporate Development