FiscalNote (NOTE) director and 10% owner discloses 3,424-share equity grant

Rhea-AI Filing Summary

FiscalNote Holdings, Inc. director and 10% owner reported acquiring 3,424 shares of Class A common stock on 12/01/2025. These shares were granted as compensation in place of a quarterly cash retainer for serving as a non-management director.

Following this grant, the reporting person beneficially owns 51,281 shares directly. Additional indirect holdings are reported through Maso Capital Offshore Limited with 50,520 shares and through Maso Capital Partners Limited with 2,358,955 shares held across related investment entities.

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

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Jain Manoj

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

3. Date of Earliest Transaction (Month/Day/Year)
12/01/2025

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	12/01/2025		A		3,424(1)	A	$0	51,281	D
Class A Common Stock								50,520	I	By Maso Capital Offshore Limited(2)
Class A Common Stock								2,358,955	I	By Maso Capital Partners Limited(3)

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. These shares of Class A Common Stock were granted to the reporting person as compensation for the reporting person's service as a non-management director of the Issuer in lieu of a quarterly cash retainer.

2. The shares are held of record by Duddell Street Holdings Limited ("Duddell"), a Cayman Islands limited liability company. Maso Capital Offshore Limited ("Maso"), a Cayman Islands limited liability company, is the sole member and manager of Duddell and is the beneficial owner of the shares held of record by Duddell. Maso is beneficially owned and controlled by Manoj Jain, Sohit Khurana and Allan Finnerty.

3. Of the 2,358,955 shares reported herein, 287,526 shares are held of record by Maso Capital Investments Limited ("MCIL"), 1,487,897 shares are held of record by Blackwell Partners LLC - Series A ("BPL") and 583,532 shares are held of record by Star V Partners LLC ("SVPL"). Maso Capital Partners Limited ("MCPL"), a Hong Kong limited liability company, is the investment manager of each of MCIL, BPL and SVPL and has sole voting and investment power with respect to the shares held of record by MCIL, BPL and SVPL. MCPL is beneficially owned and controlled by Manoj Jain and Sohit Khurana, each of whom may be deemed to have beneficial ownership over these shares. Each such person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly.

	/s/ Todd Aman, Attorney-in-Fact	12/03/2025
	** 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).
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FAQ

What did the FiscalNote (NOTE) insider report in this Form 4 filing?

The filing reports that a director and 10% owner of FiscalNote Holdings, Inc. acquired 3,424 shares of Class A common stock as a stock grant on 12/01/2025.

How many FiscalNote (NOTE) shares were granted to the director?

The director received a grant of 3,424 shares of FiscalNote Class A common stock, recorded at a price of $0 as it was compensation rather than an open-market purchase.

Why did the FiscalNote director receive these 3,424 shares?

The 3,424 shares of Class A common stock were granted as compensation for the director's service as a non-management director, in lieu of a quarterly cash retainer.

What is the director’s direct ownership in FiscalNote after this transaction?

After the reported transaction, the director beneficially owns 51,281 shares of FiscalNote Class A common stock directly.

What indirect FiscalNote (NOTE) holdings are reported through Maso-related entities?

The filing reports 50,520 shares held indirectly through Maso Capital Offshore Limited and 2,358,955 shares held indirectly through Maso Capital Partners Limited across several investment vehicles.

What roles does the reporting person hold at FiscalNote Holdings, Inc.?

The reporting person is identified as both a Director and a 10% Owner of FiscalNote Holdings, Inc.