Bradley J. Gross - 16 Jun 2020 Form 4 Insider Report for Stagwell Inc (STGW)

Role
Director
Signature
/s/ Jamison Yardley, Attorney-in-fact
Issuer symbol
STGW
Transactions as of
16 Jun 2020
Net transactions value
$0
Form type
4
Filing time
03 Aug 2021, 19:01:28 UTC
Next filing
06 Aug 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STGW Class A Subordinate Voting Shares Purchase $12,508 +8,887 +116% $1.41* 16,523 16 Jun 2020 See Footnotes F1, F2, F3, F4, F5
transaction STGW Class A Subordinate Voting Shares Sale $12,508 -8,887 -54% $1.41* 7,636 16 Jun 2020 See Footnotes F1, F2, F3, F4, F5
transaction STGW Class A Subordinate Voting Shares Purchase $24,881 +18,260 +239% $1.36* 25,899 17 Jun 2020 See Footnotes F1, F2, F3, F4, F5
transaction STGW Class A Subordinate Voting Shares Sale $24,881 -18,260 -71% $1.36* 7,639 17 Jun 2020 See Footnotes F1, F2, F3, F4, F5
transaction STGW Class A Subordinate Voting Shares Purchase $9,498 +4,613 +60% $2.06 12,316 07 Jul 2020 See Footnotes F1, F2, F3, F4, F5
transaction STGW Class A Subordinate Voting Shares Sale $9,498 -4,613 -37% $2.06 7,703 07 Jul 2020 See Footnotes F1, F2, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These transactions in the Class A Subordinate Voting Shares (the "Class A Shares") of MDC Partners Inc. (the "Issuer") have not previously been reported on Form 4 and were effected by Goldman Sachs & Co. LLC ("Goldman Sachs") acting as agent on behalf of certain international affiliates that had entered into riskless principal trades in connection with client trade facilitation in the ordinary course of their business.
F2 Without conceding riskless principal trades in connection with client trade facilitation in the ordinary course of business can result in liability under Section 16(b) of the Securities Exchange Act of 1934 (the "Exchange Act"), the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer.
F3 The Reporting Person is a managing director of Goldman Sachs. Goldman Sachs is a subsidiary of by The Goldman Sachs Group, Inc. ("GS Group").
F4 Goldman Sachs and GS Group may be deemed to beneficially own 7,703 Class A Shares acquired by Goldman Sachs or another wholly-owned broker or dealer subsidiary of GS Group in ordinary course trading activities.
F5 The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act, or for any other purpose.