Bitcoin price today: gains to $120k, near record high on U.S. regulatory cheer
Director Tim Hwang of FiscalNote Holdings (NYSE:NOTE) sold a total of 37,101 shares of Class A Common Stock on July 1, 2025, at a price of $0.6525, according to a recent SEC Form 4 filing. The sales amounted to approximately $24,272. The stock, which has seen significant volatility with a 41% surge in the past week despite a 40% decline over six months, currently trades below its InvestingPro Fair Value.
The transactions included two separate sales. The first involved 27,952 shares, generating $18,238. The second sale consisted of 9,249 shares, totaling $6,034. The company, currently valued at $118.66 million, maintains impressive gross profit margins of 78%, though it operates with significant debt concerns according to InvestingPro analysis, which offers 15 additional key insights for this stock.
The sales were executed to cover tax obligations related to the vesting of restricted stock units, as part of a pre-arranged Rule 10b5-1 trading plan established on August 11, 2023. Following these transactions, Hwang continues to indirectly own 2,756,561 shares through the Timothy T. Hwang Revocable Trust and directly owns 49,318 shares.
In other recent news, FiscalNote Holdings reported its first-quarter 2025 earnings, surpassing expectations with an earnings per share (EPS) of -$0.03 compared to the forecasted -$0.08. The company’s revenue reached $27.5 million, exceeding its guidance range of $26 million to $27 million. Despite the positive results, revenue was down year-over-year due to divestitures. FiscalNote also completed the sale of its Australian subsidiary, TimeBase, to Thomson Reuters (NYSE:TRI) for $6.5 million, as part of a strategy to focus on its core policy and regulatory intelligence business. Additionally, FiscalNote announced that its PolicyNote platform has surpassed its legacy system in daily active users, marking significant customer adoption. The company has been enhancing PolicyNote with new features, contributing to its rapid user growth. FiscalNote is exploring international expansion strategies and considering the use of stablecoins for cross-border transactions. Analyst firms have not provided upgrades or downgrades, but the company maintains a positive outlook for the second half of the year.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.