[Form 4] FiscalNote Holdings, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Atlantic International Corp. (ATLN) – Form 4 insider filing

Chief Operating Officer Matthew Evelt was granted 1,000,000 incentive stock options on 06/02/2025 at an exercise price of $2.67 per share (Transaction Code “A”). The award is held directly by the executive.

The options vest in four equal 25 % tranches on 06/01/2026, 06/01/2027, 06/01/2028 and 06/02/2029, and expire on 06/01/2030. Following the grant, Evelt beneficially owns 1,000,000 derivative securities; no non-derivative share transactions were reported.

Because the filing reflects a compensation grant rather than a sale, there is no immediate share flow impact. The structure ties future value realization to ATLN’s share-price performance, aligning management and shareholder interests.

Positive

• 1,000,000 incentive stock options granted to the COO align executive compensation with long-term shareholder value.

Negative

• None.

Insights

Securities Analyst

1M-option grant at $2.67 aligns COO with shareholders; limited immediate dilution; neutral short-term, potentially accretive motivation long-term.

The grant increases Matthew Evelt’s economic exposure to ATLN without adding outstanding shares today; dilution only occurs upon future exercise. A four-year vesting schedule incentivizes tenure and performance alignment. No insider selling is disclosed, so market supply is unaffected in the near term. Overall, the filing is routine executive compensation with neutral valuation impact but positive governance optics because it links compensation to price appreciation.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Yao Gerald

(Last) (First) (Middle)

C/O FISCALNOTE HOLDINGS, INC.

1201 PENNSYLVANIA AVE NW, 6TH FL

(Street)

WASHINGTON DC 20004

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FiscalNote Holdings, Inc. [ NOTE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/17/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	07/17/2025		F		13,927(1)	D	$0.6501	462,017	I	Gerald Yao Revocable Trust Dated January 10, 2019(2)
Class A Common Stock								4,000	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares of the Issuer's Class A Common Stock withheld to satisfy the reporting person's tax obligation upon the vesting of 42,814 restricted stock units.

2. The Reporting Person is Trustee of this Trust.

	/s/ Todd Aman, Attorney-in-Fact	07/21/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many stock options were granted to ATLN COO Matthew Evelt?

The Form 4 reports a grant of 1,000,000 incentive stock options.

What is the exercise price of the ATLN options granted on 06/02/2025?

Each option has an exercise price of $2.67 per share.

When do the newly granted ATLN options vest?

They vest in four equal 25 % installments on 06/01/2026, 06/01/2027, 06/01/2028 and 06/02/2029.

What is the expiration date of the options reported in the Form 4?

All 1,000,000 options expire on 06/01/2030.

How many derivative securities does the COO own after the reported transaction?

Following the grant, Mr. Evelt beneficially owns 1,000,000 derivative securities.