Tim Hwang - Nov 14, 2022 Form 4 Insider Report for FiscalNote Holdings, Inc. (NOTE)

Role
Chairman, Chief Executive Officer and Director, Director, 10%+ Owner
Signature
/s/ Todd Aman, Attorney-in-Fact
Stock symbol
NOTE
Transactions as of
Nov 14, 2022
Transactions value $
-$260,106
Form type
4
Date filed
12/5/2022, 07:31 PM
Previous filing
Nov 3, 2022
Next filing
Jan 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NOTE Class A Common Stock Gift $0 -1.83M -97.38% $0.00 49.3K Nov 14, 2022 Direct F1
transaction NOTE Class A Common Stock Gift $0 +1.83M $0.00 1.83M Nov 14, 2022 See Footnote (2) F1, F2
transaction NOTE Class A Common Stock Tax liability -$260K -40.5K -2.21% $6.42 1.79M Dec 1, 2022 See Footnote (2) F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NOTE Nonstatutory Stock Options (Right to Buy) Gift $0 -1.44M -100% $0.00* 0 Nov 14, 2022 Class A Common Stock 1.44M $6.28 Direct F3, F4
transaction NOTE Nonstatutory Stock Options (Right to Buy) Gift $0 +1.44M $0.00 1.44M Nov 14, 2022 Class A Common Stock 1.44M $6.28 See Footnote (2) F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person transferred the securities to Timothy T. Hwang, as Trustee of the Timothy T. Hwang Revocable Trust, originally dated January 10, 2019.
F2 These securities are beneficially owned by Timothy T. Hwang, as Trustee of the Timothy T. Hwang Revocable Trust, originally dated January 10, 2019. The Reporting Person is trustee of this trust.
F3 The reporting person transferred 1,437,323 nonstatutory stock options to the Timothy T. Hwang Revocable trust.
F4 The nonstatutory stock options vest in four equal annual installments commencing April 1, 2023.

Remarks:

Chairman, Chief Executive Officer and Director