FiscalNote (NOTE) CEO Josh Resnik Withholds Shares for Taxes

What happened

Josh Resnik, President and CEO of FiscalNote Holdings, had a total of 5,672 shares of Class A common stock withheld to satisfy tax obligations tied to the vesting of restricted stock units (RSUs). The withholding consisted of 1,371 shares at $0.88 each (about $1,207) and 4,301 shares at $0.88 each (about $3,785), for a combined cash value of roughly $4,992. This was an administrative tax-withholding event, not an open-market sale or purchase.

Key details

• Transaction date: 2026-02-12; filing date: 2026-02-17 (filed five days after the transaction date).
• Withheld shares and prices:
  • 1,371 shares withheld @ $0.88 = $1,207 (footnote F1)
  • 4,301 shares withheld @ $0.88 = $3,785 (footnote F2)
  • Total withheld: 5,672 shares, ~$4,992.
• Footnotes:
  • F1: Shares withheld to cover taxes upon vesting of 3,473 RSUs.
  • F2: Shares withheld to cover taxes upon vesting of 10,901 RSUs.
• Shares owned after transaction: not specified in the provided excerpt of the filing — see the Form 4 for post-transaction holdings.
• Timeliness: Filing was submitted on Feb 17 for Feb 12 transactions. Form 4s are generally due within two business days of the transaction; investors may want to review the filing for any late-filing notation.

Context

This was a tax-withholding action related to RSU vesting (a common administrative step) rather than a discretionary sale or purchase. Withholding typically involves the company retaining or canceling shares to satisfy tax withholding rather than selling shares on the open market; it should not be interpreted as a directional signal about the CEO’s view of the stock.