Bradley J. Gross - Nov 8, 2021 Form 4 Insider Report for Stagwell Inc (STGW)

Role
Director
Signature
/s/ Jamison Yardley, Attorney-in-fact
Stock symbol
STGW
Transactions as of
Nov 8, 2021
Transactions value $
$0
Form type
4
Date filed
11/10/2021, 08:01 PM
Previous filing
Aug 6, 2021
Next filing
Mar 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STGW Class A Common Stock Conversion of derivative security +20.9M +161974.88% 21M Nov 8, 2021 See of Explanation of Responses F1, F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction STGW Series 8 Preferred Shares Conversion of derivative security -73.8K -100% 0 Nov 8, 2021 Class A Common Stock 20.9M See of Explanation of Responses F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 23, 2021, the 73,849 shares of Series 8 Convertible Preferred Stock, par value $0.001 per share of the Issuer (the "Series 8 Preferred Stock"), held in the aggregate by Broad Street Principal Investments, L.L.C. ("BSPI"), StoneBridge 2017, L.P., a Delaware limited partnership ("SB Employee Fund") and StoneBridge 2017 Offshore, L.P., a Cayman Islands exempted limited partnership ("SB Employee Fund Offshore," and together with SB Employee Fund, the "Employee Funds"), converted automatically into 20,948,746 shares of Class A Common Stock of the Issuer and had no expiration date.
F2 The Reporting Person is a managing director of Goldman, Sachs & Co. ("Goldman Sachs"). Goldman Sachs is a subsidiary of The Goldman Sachs Group, Inc. ("GS Group"). GS Group is the direct owner of BSPI, which directly holds 17,420,458 shares of Class A Common Stock of the Issuer following the conversion reported herein, Bridge Street Opportunity Advisors, L.L.C. ("Bridge Street") is the general partner of each of SB Employee Fund, which directly holds 923,346 shares of Class A Common Stock of the Issuer following the conversion reported herein, and SB Employee Fund Offshore, which directly holds 2,604,942 shares of Class A Common Stock of the Issuer following the conversion reported herein. Goldman Sachs beneficially owns directly and GS Group may be deemed to beneficially own indirectly 12,933.33 shares of Class A Common Stock of the Issuer.
F3 The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein, if any.