Resnik Josh 4

What Happened Josh Resnik, President and CEO of FiscalNote Holdings, received a grant/acquisition of 3,376 shares on 2025-12-31 at $1.25 per share (total value $4,220). On 2026-01-20, 850 shares were disposed (withheld) at $1.57 per share to satisfy tax withholding on the vesting of 2,153 restricted stock units (value $1,335). The award was an acquisition (code A) and the withholding is reported as tax withholding (code F).

Key Details

• Transaction dates and prices:
  • 2025-12-31: Acquired 3,376 shares @ $1.25 — $4,220 (ESPP-related award).
  • 2026-01-20: 850 shares withheld @ $1.57 — $1,335 (tax withholding on RSU vesting).
• Net shares added on these transactions: 3,376 acquired − 850 withheld = 2,526 net shares (based on reported transactions).
• Footnotes:
  • The 3,376-share acquisition was under the FiscalNote 2022 Employee Stock Purchase Plan and was exempt under Rule 16b-3(c) and 16b-3(d).
  • The 850 shares represent shares withheld to satisfy tax obligations when 2,153 RSUs vested.
• Filing/timeliness: Form 4 was filed on 2026-01-22. The Dec. 31 award appears to have been reported after the typical two-business-day Form 4 deadline.

Context

• This was not an open-market purchase or sale for cash gain; the transaction reflects an ESPP acquisition and routine tax withholding on vested RSUs. Such awards and withholding are common and do not necessarily indicate the insider’s market view.
• For retail investors, purchases (or net increases) can be more informative than routine awards; here the net effect was a modest increase in Resnik’s holdings. The filing’s late reporting of the Dec. 31 award is a procedural note but does not change the nature of the transactions.