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Aman Todd, the Senior Vice President, General Counsel, and Secretary at FiscalNote Holdings, Inc. (NYSE:NOTE), recently sold 551 shares of the company’s Class A common stock. The transaction comes amid a challenging period for the company, whose stock has declined over 17% in the past week, though maintaining impressive gross profit margins of nearly 75%. According to InvestingPro analysis, the company currently appears fairly valued based on its comprehensive Fair Value model. The shares were sold at a price of $1.70 each, amounting to a total transaction value of $936. Following this transaction, Todd retains ownership of 170,377 shares.
The transaction, executed on February 18, was carried out as part of a sell-to-cover strategy to meet tax obligations associated with the vesting of 1,501 restricted stock units. This sale was conducted under a pre-arranged trading plan established on May 12, 2023, in accordance with Rule 10b5-1.
In other recent news, FiscalNote Holdings, Inc. announced its return to compliance with the New York Stock Exchange’s minimum share price requirement. The company achieved this by maintaining a stock price of at least $1.00 for the past 30 trading days, as of January 31, 2025. This development follows FiscalNote’s efforts to enhance its product offerings and drive profitability while reducing debt. Additionally, FiscalNote expanded its Long-Term Incentive Plan, granting restricted stock units valued at $1 million to CFO Jon Slabaugh. The amendments to the plan, effective December 31, 2024, include an increase in the number of shares authorized for issuance and adjustments to the annual "evergreen" provision. These changes were approved by stockholders with a majority voting power. FiscalNote’s Compensation Committee aims to align the interests of key executives with shareholders through these strategic moves. The company plans to issue the restricted stock units after filing a Registration Statement on Form S-8.
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