Vault-13

FISCALNOTE HOLDINGS INC NOTE

CL A NEW · Common Stock · CUSIP 337655302

American provider of Government Relationship Management, owner of Roll Call and CQ

46 institutional holders
4,403,7694.4m shares reported held*
$20.3mreported value*

* 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 ≈ $4.61. Options: 5 managers hold calls ($1.3m notional), 2 hold puts ($1.3m).

Trends to Q3 2025

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5mQ4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $1.3mQ3 25 puts: $1.3mQ3 25P/C 1.01
Numbers
QuarterCallsPutsP/C
Q4 2024$0$0—
Q1 2025$0$0—
Q2 2025$0$0—
Q3 2025$1.3m$1.3m1.01

Biggest buyers

MASO CAPITAL PARTNERS Ltd New +2,457,328+2.5m
VANGUARD GROUP INC New +351,247+351.2k
MORGAN STANLEY New +190,833+190.8k
STONEHILL CAPITAL MANAGEMENT LLC New +141,751+141.8k
Corecam Pte. Ltd. New +136,995+137.0k
Yorkville Advisors Global, LP New +95,000+95.0k
UBS Group AG New +93,483+93.5k
GEODE CAPITAL MANAGEMENT, LLC New +90,288+90.3k
Comprehensive Financial Management LLC New +84,248+84.2k
BlackRock, Inc. New +81,816+81.8k

Biggest sellers

None

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $511.6k110.5k shares
GROUP ONE TRADING LLC New $409.3k88.4k shares
WOLVERINE TRADING, LLC New $159.8k34.3k shares
SIMPLEX TRADING, LLC New $155.0k33.5k shares
CITADEL ADVISORS LLC New $61.5k13.3k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $924.1k199.6k shares
CITADEL ADVISORS LLC New $386.0k83.4k shares

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 18.69% of their portfolio HONG KONG, K3 2,457,3282.5m $11.4m $11.4m 18.69% New
2 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 351,247351.2k $1.6m $1.6m 0.00% New
3 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 190,833190.8k $883.6k $883.6k 0.00% New
4 STONEHILL CAPITAL MANAGEMENT LLC 0.23% of their portfolio NEW YORK, NY 141,751141.8k $656.0k $656.0k 0.23% New
5 Corecam Pte. Ltd. 0.34% of their portfolio SINGAPORE, U0 136,995137.0k $634.3k $634.3k 0.34% New
6 Yorkville Advisors Global, LP 0.17% of their portfolio MOUNTAINSIDE, NJ 95,00095.0k $439.9k $439.9k 0.17% New
7 UBS Group AG 0.00% of their portfolio ZURICH, V8 93,48393.5k $432.8k $432.8k 0.00% New
8 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 90,28890.3k $418.2k $418.2k 0.00% New
9 Comprehensive Financial Management LLC 0.01% of their portfolio Los Gatos, CA 84,24884.2k $390.1k $390.1k 0.01% New
10 BlackRock, Inc. 0.00% of their portfolio New York, NY 81,81681.8k $378.8k $378.8k 0.00% New
11 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 69,76269.8k $323.0k $323.0k 0.00% New
12 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 67,22967.2k $311.3k $311.3k 0.00% New
13 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 66,66666.7k $308.7k $308.7k 0.00% New
14 BROWN ADVISORY INC 0.00% of their portfolio BALTIMORE, MD 65,29165.3k $302.3k $302.3k 0.00% New
15 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 47,98248.0k $222.2k $222.2k 0.00% New
16 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 43,17143.2k $199.9k $199.9k 0.00% New
17 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 42,86542.9k $198.5k $198.5k 0.00% New
18 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 41,87241.9k $193.9k $193.9k 0.00% New
19 Marex Group Ltd 0.00% of their portfolio London, X0 38,14138.1k $176.6k $176.6k 0.00% New
20 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 32,92232.9k $152.4k $152.4k 0.00% New
21 Jump Financial, LLC 0.00% of their portfolio Chicago, IL 27,00027.0k $125.0k $125.0k 0.00% New
22 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 20,46520.5k $95.0k $95.0k 0.00% New
23 Limestone Investment Advisors LP 0.00% of their portfolio NEW YORK, NY 19,70019.7k $1.3k $1.3k 0.00% New
24 XTX Topco Ltd 0.00% of their portfolio LONDON, X0 15,35015.3k $71.1k $71.1k 0.00% New
25 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 15,00015.0k $69.5k $69.5k 0.00% New
26 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.00% of their portfolio HOUSTON, TX 14,90714.9k $69.0k $69.0k 0.00% New
27 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 14,90314.9k $69.0k $69.0k 0.00% New
28 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 13,88713.9k $64.3k $64.3k 0.00% New
29 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 11,25711.3k $52.0k $52.0k 0.00% New
30 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 7,5157.5k $34.8k $34.8k 0.00% New
31 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,0002.0k $9.3k $9.3k 0.00% New
32 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 699699 $3.2k $3.2k 0.00% New
33 Tidemark, LLC 0.00% of their portfolio SAN DIEGO, CA 654654 $3.0k $3.0k 0.00% New
34 Atlantic Union Bankshares Corp 0.00% of their portfolio GLEN ALLEN, VA 462462 $2.1k $2.1k 0.00% New
35 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 285285 $1.3k $1.3k 0.00% New
36 Tradewinds Capital Management, LLC 0.00% of their portfolio BELLINGHAM, WA 258258 $1.2k $1.2k 0.00% New
37 FEDERATED HERMES, INC. 0.00% of their portfolio PITTSBURGH, PA 174174 $806 $806 0.00% New
38 CWM, LLC 0.00% of their portfolio OMAHA, NE 102102 $0 $0 0.00% New
39 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 9898 $454 $454 0.00% New
40 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 9595 $439 $439 0.00% New
41 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 3333 $153 $153 0.00% New
42 LRI Investments, LLC 0.00% of their portfolio PALM BEACH GARDENS, FL 2525 $116 $116 0.00% New
43 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 55 $23 $23 0.00% New
44 Front Row Advisors LLC 0.00% of their portfolio TIBURON, CA 33 $14 $14 0.00% New
45 DANSKE BANK A/S 0.00% of their portfolio COPENHAGEN V, G7 11 $5 $5 0.00% New
46 Optiver Holding B.V. 0.00% of their portfolio AMSTERDAM, P7 11 $5 $5 0.00% New