NOTE insider sale: 4,766 Class A shares to be sold via Fidelity on 10/02/2025

Rhea-AI Filing Summary

FiscalNote Holdings, Inc. Form 144 notice reports a proposed sale of 4,766 Class A shares through Fidelity Brokerage Services, planned for 10/02/2025, with an aggregate market value of $22,860.60. The shares were acquired on 10/01/2025 by restricted stock vesting from the issuer and payment is recorded as compensation. The filing lists the number of Class A shares outstanding as 163,909,082.

The filing also discloses three prior Class A sales by the Timothy T. Hwang Revocable Trust during the past three months: 37,201 shares on 07/02/2025 for $24,273.65, 56,155 shares on 08/04/2025 for $32,721.52, and 5,785 shares on 09/04/2025 for $24,545.18. The filer attests there is no undisclosed material adverse information.

Positive

• Transaction clearly disclosed with broker, date, share count, and aggregate market value
• Acquisition method stated as restricted stock vesting with payment shown as compensation
• Three prior sales disclosed with dates and gross proceeds, increasing transparency

Negative

• No identity of the filing individual (CIK/CCC fields blank in provided content)
• Filing omits certain contact details under Submission Contact Information

Insights

Corporate Governance Analyst

TL;DR: Insider sale follows a vesting event; disclosed proceeds are modest and the filer attests no undisclosed material information.

The filing shows an insider disposition tied to a restricted stock vesting event dated 10/01/2025, with a proposed sale the next trading day. This pattern — immediate sale after vesting — is common for compensation-related stock movements and is explicitly reported here.

The disclosed aggregate market value of the proposed sale is $22,860.60, and the filing lists three recent sales by the related trust with stated dates and gross proceeds. Because the document contains only transaction details and the signer’s attestation, its materiality to investors depends on context outside this filing; the form itself provides transparent, transactional disclosure.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	4766	22860.60	163909082	10/02/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A	10/01/2025	Restricted Stock Vesting	Issuer			4766	10/01/2025	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Timothy T. Hwang Revocable Trust Dated 1/10/2019 1201 Pennsylvania Avenue NW 6th Floor Washington DC 20004	Class A	07/02/2025	37201	24273.65
Timothy T. Hwang Revocable Trust Dated 1/10/2019 1201 Pennsylvania Avenue NW 6th Floor Washington DC 20004	Class A	08/04/2025	56155	32721.52
Timothy T. Hwang Revocable Trust Dated 1/10/2019 1201 Pennsylvania Avenue NW 6th Floor Washington DC 20004	Class A	09/04/2025	5785	24545.18

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What Class A shares does FiscalNote (NOTE) propose to sell?

The notice reports a proposed sale of 4,766 Class A shares through Fidelity Brokerage Services.

When is the proposed sale of the 4,766 shares scheduled?

The approximate date of sale is listed as 10/02/2025.

How were the shares being sold acquired?

The shares were acquired on 10/01/2025 by restricted stock vesting from the issuer and payment is recorded as compensation.

What prior sales by related parties are disclosed in the Form 144?

Three sales by the Timothy T. Hwang Revocable Trust are disclosed: 37,201 shares on 07/02/2025 for $24,273.65, 56,155 shares on 08/04/2025 for $32,721.52, and 5,785 shares on 09/04/2025 for $24,545.18.

What is the aggregate market value stated for the proposed sale?

The aggregate market value is listed as $22,860.60.