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WASHINGTON, D.C. — Donnell Paul, the Chief Accounting Officer of FiscalNote Holdings, Inc. (NYSE:NOTE), recently sold a portion of his holdings in the company. According to a recent SEC filing, Paul sold 491 shares of FiscalNote's Class A common stock at a price of $0.7458 per share. The total value of this transaction amounted to $366. The sale comes as FiscalNote, currently valued at $118 million, faces significant challenges with its stock down nearly 37% over the past six months. InvestingPro analysis reveals the company operates with substantial debt burden, though maintaining impressive gross profit margins of around 79%.
This sale was executed on April 7, 2025, as part of a sell-to-cover transaction to satisfy tax obligations upon the vesting of restricted stock units. Following the transaction, Paul retains ownership of 105,651 shares in the company. The transaction was conducted under a Rule 10b5-1 trading plan, which was adopted on May 12, 2023. For comprehensive insider trading analysis and 17 additional key insights about FiscalNote, investors can access the detailed Pro Research Report available on InvestingPro.
In other recent news, FiscalNote Holdings reported its fourth-quarter 2024 earnings, revealing an earnings per share loss of $0.10, which did not meet the analysts' forecasted loss of $0.08. Revenue also fell short, coming in at $27.06 million compared to the expected $30.59 million. Despite these figures, the company achieved its first full year of positive adjusted EBITDA, amounting to $9.8 million. In strategic moves, FiscalNote completed the sale of its Global Intelligence businesses, Oxford Analytica and Dragonfly, to Dow Jones for $40 million. This transaction is expected to reduce the company's senior term debt by 30.6%, leaving a balance of approximately $61.5 million. Additionally, FiscalNote announced the launch of its EU Defense and Space Policy vertical, aimed at providing insights into the European Union's evolving policies. The company also extended the maturity date of its Subordinated Convertible Promissory Notes to April 15, 2026, with an option to convert a portion into Class A common stock. These developments reflect FiscalNote's ongoing efforts to streamline operations and focus on its core policy customer base.
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