Vault-13

FISCALNOTE HOLDINGS INC NOTEW

*W EXP 07/29/202 · Equity WRT · CUSIP 337655112

13 institutional holders -2 vs Q2 2025
12,794,34112.8m shares reported held*
$847.6kreported value*
1 new 2 added 3 reduced 2 sold out net sold ≈ $11.2k (+129.6k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $0.07. Options: 1 managers hold calls ($17.3k notional), 0 hold puts (—).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0102030Q3 22: 22Q4 22: 19Q1 23: 20Q2 23: 20Q3 23: 20Q4 23: 18Q1 24: 19Q2 24: 18Q3 24: 17Q4 24: 13Q1 25: 12Q2 25: 15Q3 25: 1313Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 202222
Q4 202219
Q1 202320
Q2 202320
Q3 202320
Q4 202318
Q1 202419
Q2 202418
Q3 202417
Q4 202413
Q1 202512
Q2 202515
Q3 202513

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
10010Q4 23: 2 bought or addedQ4 23: 10 cut or sold outQ1 24: 5 bought or addedQ1 24: 3 cut or sold outQ1 24Q2 24: 3 bought or addedQ2 24: 3 cut or sold outQ3 24: 4 bought or addedQ3 24: 3 cut or sold outQ3 24Q4 24: 1 bought or addedQ4 24: 9 cut or sold outQ1 25: 6 bought or addedQ1 25: 5 cut or sold outQ1 25Q2 25: 5 bought or addedQ2 25: 2 cut or sold outQ3 25: 3 bought or addedQ3 25: 5 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023210
Q1 202453
Q2 202433
Q3 202443
Q4 202419
Q1 202565
Q2 202552
Q3 202535

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$20k$40k$60kQ4 24 calls: $41.0kQ4 24 puts: $0Q4 24P/C 0.00Q1 25 calls: $45.3kQ1 25 puts: $0Q1 25P/C 0.00Q2 25 calls: $26.1kQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $17.3kQ3 25 puts: $0Q3 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q4 2024$41.0k$00.00
Q1 2025$45.3k$00.00
Q2 2025$26.1k$00.00
Q3 2025$17.3k$00.00

Biggest buyers

SUSQUEHANNA INTERNATIONAL GROUP, LLP New +149,265+149.3k
WOLVERINE ASSET MANAGEMENT LLC Added +1,620+1.6k
UBS Group AG Added +203+203

Biggest sellers

NINE MASTS CAPITAL Ltd Sold out -299,447-299.4k
Limestone Investment Advisors LP Sold out -19,700-19.7k
LMR Partners LLP Reduced -1,420-1.4k
StoneX Group Inc. Reduced -300-300
JANE STREET GROUP, LLC Reduced -72-72

Biggest calls

MILLENNIUM MANAGEMENT LLC Unchanged $17.3k262.5k shares

Biggest puts

None

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Insider purchases and sales in Q3 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
10010Q4 23: 2 buyingQ4 23: 6 sellingQ1 24: 0 buyingQ1 24: 8 sellingQ1 24Q2 24: 0 buyingQ2 24: 7 sellingQ3 24: 0 buyingQ3 24: 6 sellingQ3 24Q4 24: 0 buyingQ4 24: 6 sellingQ1 25: 0 buyingQ1 25: 5 sellingQ1 25Q2 25: 0 buyingQ2 25: 4 sellingQ3 25: 0 buyingQ3 25: 1 sellingQ3 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20232$3.6m6$3.7m$66.3k
Q1 20240—8——
Q2 20240—7——
Q3 20240—6——
Q4 20240—6——
Q1 20250—5——
Q2 20250—4——
Q3 20250—1——
DateInsiderTradeSharesPrice ValueTheir holding
2025-09-03 Hwang Tim Director · See Footnote Sold plan 5,785 — —5.8k shares -3%
2025-08-01 Hwang Tim Director · See Footnote Sold plan 56,155 — —56.2k shares -2%
2025-07-01 Hwang Tim Director · See Footnote Sold plan 37,201 — —37.2k shares -1%

Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MASO CAPITAL PARTNERS Ltd 0.98% of their portfolio HONG KONG, K3 9,000,0009.0m $594.0k $594.0k 0.98% Unchanged
2 LMR Partners LLP 0.00% of their portfolio LONDON, X0 2,341,7382.3m $154.6k $154.6k 0.00% Reduced -1.4k -1,420
3 Saba Capital Management, L.P. 0.00% of their portfolio NEW YORK, NY 273,057273.1k $21.2k $21.2k 0.00% Unchanged
4 Ovata Capital Management Ltd 0.00% of their portfolio HONG KONG, K3 194,545194.5k $12.8k $12.8k 0.00% Unchanged
5 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 186,290186.3k $12.3k $12.3k 0.00% Added +1.6k +1,620
6 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 150,000150.0k $9.9k $9.9k 0.00% Unchanged
7 SONA ASSET MANAGEMENT (US) LLC 0.00% of their portfolio NEW YORK, NY 150,000150.0k $9.9k $9.9k 0.00% Unchanged
8 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 149,265149.3k $9.9k $9.9k 0.00% New
9 PEAK6 LLC 0.00% of their portfolio AUSTIN, TX 128,354128.4k $8.5k $8.5k 0.00% Unchanged
10 Clear Street Group Inc. 0.00% of their portfolio NEW YORK, NY 106,101106.1k $7.0k $7.0k 0.00% First filing
11 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 62,50062.5k $4.1k $4.1k 0.00% Reduced -72 -72
12 StoneX Group Inc. 0.00% of their portfolio NEW YORK, NY 51,05851.1k $3.4k $3.4k 0.00% Reduced -300 -300
13 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,4331.4k $95 $95 0.00% Added +203 +203