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FiscalNote Holdings, Inc. Stock: price and insider trades · United States
No insider purchase over the last 90 days. The latest was filed 18 Dec 2023.
FiscalNote Holdings, Inc.: what insiders have been doing
Every trade that managers of FiscalNote Holdings, Inc. disclose to SEC (Form 4) is tracked on this page. The company sits in the Technology sector. From 18 October 2025 to 18 October 2026, the disclosure feed for FiscalNote Holdings, Inc. logged 40 filings by 11 insiders.
Only sales appear on the open market, 4 sales in all totalling €25k, filed by 1 insider. Biggest ticket of the year: €13k, sold by Hwang Tim and made public on 10 November 2025.
For context, the typical company on the same exchange (median of 5,458 companies) published 22 filings over the same period, against 40 filings here. The full history, which starts in 2021, counts 5 purchases against 119 sales. For the fiscal year to 31 December 2025, the annual 10-K puts revenue at 95.4 m USD and net income at -65.2 m USD.
The median gap between a trade and its publication by SEC (Form 4) is 4 days. US insiders must file a Form 4 within two business days of a trade. Sales are harder to read than purchases, since they often meet personal needs such as tax or diversification.
Elsewhere in the same sector, our signals recently picked up insider purchases at Gitlab Inc. and Baozun Inc. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.
Insider Decl.
411
Thresholds
n/a
Buy Volume
€686,731
5 ops. · all time
Sell Volume
€4M
119 ops. · all time
Who traded when
BuySaleTim Hwang16 sales
Josh Resnik9 sales
Todd Aman6 sales
Paul Donnell5 sales
Gerald Yao2 sales
Jon Slabaugh1 sale
Since the insiders bought
- -56.4%Entry US$33.84 · Close at T+365 US$14.76
- -53.3%Entry US$36.00 · Close at T+365 US$16.80
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Financial data
as of FY 2025FY ended December 2025 · cache
US$0.02
Analyst consensus
2 analysts1.00/5
US$1.25Target US$2.13(+12400%)US$3.00
Income statement
RevenueUS$95.4M
Gross profitUS$59.3M62% margin
EBITDA-US$32M-34% margin
Net income-US$65.2M-141.5% margin
Valuation
PER (forward)-0.0x
P/Book1.7x
Beta0.80
Balance sheet & cash
Market capUS$518k
Total debtUS$151.1M
Free Cash Flow-US$18.6M
Debt / Equity51166%
Profitability & ownership
ROE-249.9%
ROA-6.9%
% insiders9.6%
% institutions8.1%
Last declaration on 8 October 2026
Declarations411 total
193,479 shares0Class A Common StockSEC:0001193125-26-418023:0
758 shares@ US$0.14890.024% mcap0.6% of flowClass A Common StockSEC:0001193125-26-418030:0
5,295 shares@ US$0.11210.029% mcap0.1% of flowClass A Common StockSEC:0001193125-26-324246:0
32,148 shares@ US$0.11210.18% mcap0.7% of flowClass A Common StockSEC:0001193125-26-324246:2
10,245 shares@ US$0.11210.057% mcap0.2% of flowClass A Common StockSEC:0001193125-26-324246:1
1,450,000 shares0Class A Common StockSEC:0001193125-26-321139:0
89,171 shares0Class A Common StockSEC:0001193125-26-301149:0
1,059 shares@ US$0.260.013% mcap0.1% of flowClass A Common StockSEC:0001193125-26-167772:0
233 shares@ US$1.151.3% of flowClass A Common StockSEC:0001193125-26-055505:0
1,371 shares@ US$0.88010.2% of flowClass A Common StockSEC:0001193125-26-055503:0
44 shares@ US$1.220.3% of flowClass A Common StockSEC:0001193125-26-047170:0
42 shares@ US$1.220.0% of flowClass A Common StockSEC:0001193125-26-047168:0
353 shares@ US$1.570.3% of flowClass A Common StockSEC:0001193125-26-019893:0
1,621 shares@ US$1.570.7% of flowClass A Common StockSEC:0001193125-26-019892:0
3,376 shares@ US$1.250.8% of flowClass A Common StockSEC:0001193125-26-019891:0
159 shares@ US$1.590.0% of flowClass A Common StockSEC:0001193125-26-005081:0
6,235 shares@ US$1.592.8% of flowClass A Common StockSEC:0001193125-26-005080:0
25 of 411 declarations
About FiscalNote Holdings, Inc.
FiscalNote Holdings, Inc. is a U.S.-based software and data company listed on the NYSE under the ticker NOTE in the United States. For international investors, FiscalNote should be viewed as a specialized B2B technology platform operating at the intersection of artificial intelligence, policy intelligence, and regulatory analytics. The company was founded in 2013 and is headquartered in Washington, D.C., where it maintains its principal executive offices and global headquarters. Its original mission was to organize fragmented public policy and regulatory data and turn that information into actionable intelligence for organizations that need to anticipate legislative change, manage compliance, and support government affairs strategy.
FiscalNote’s core business is built around SaaS subscriptions and AI-enabled information platforms. Its flagship offering, PolicyNote, serves government affairs teams, legal departments, compliance professionals, and public policy organizations. The platform helps users track bills, administrative actions, political developments, and regulatory signals across local, national, and international jurisdictions. The company also has legacy media and editorial assets tied to the Washington policy ecosystem, which strengthen its domain credibility and expand its information footprint. FiscalNote’s customer base spans large enterprises, government agencies, law firms, trade associations, advocacy groups, and non-profits.
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From a competitive standpoint, FiscalNote is differentiated by vertical specialization. Unlike broad-based software vendors, it combines proprietary data, policy expertise, and workflow automation in a domain where timeliness and accuracy are critical. That specialization gives it a defensible position in highly regulated industries, but it also means execution matters: the company must continuously convert domain relevance into recurring revenue, retention, and product expansion. It competes with policy intelligence providers, legal tech platforms, and broader monitoring solutions, making product depth and AI innovation key competitive levers.
Geographically, FiscalNote has an international footprint centered on Washington, D.C., with operations and teams in Europe and Asia. The company has stated that it serves customers in more than 40 countries, reflecting the cross-border nature of regulatory monitoring and policy risk management. Recent milestones have been important. In 2025, FiscalNote rolled out multiple enhancements to PolicyNote focused on AI-driven legislative drafting, forecasting, and personalized impact summaries. It also closed the divestiture of non-core assets to Dow Jones and refinanced its senior secured term loan to extend debt maturity. In February 2026, FiscalNote announced a major expansion into political prediction markets, signaling a push beyond traditional policy intelligence into adjacent data-driven offerings. For investors, the story is one of a niche AI/data platform with meaningful domain value, but also with ongoing financial and operational execution risk.
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