Mark Arnold - Dec 31, 2023 Form 5 Insider Report for MARKETWISE, INC. (MKTW)

Role
10%+ Owner
Signature
/s/ Mark Arnold
Stock symbol
MKTW
Transactions as of
Dec 31, 2023
Transactions value $
-$1,846,823
Form type
5
Date filed
2/14/2024, 05:05 PM
Previous filing
Nov 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MKTW Class B Common Stock Other $0 -1M -8.88% $0.00 10.3M Jun 14, 2023 Direct F1
transaction MKTW Class A Common Stock Options Exercise $0 +1M +5104.35% $0.00 1.02M Jun 14, 2023 Direct F2
transaction MKTW Class A Common Stock Sale -$1.8M -1M -98.08% $1.80 19.6K Jun 16, 2023 Direct
transaction MKTW Class A Common Stock Sale -$46.8K -19.6K -100% $2.39 0 Jun 20, 2023 Direct F3
holding MKTW Class B Common Stock 4.06M Dec 31, 2023 See Footnote F4

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 MKTW Common Units Conversion of derivative security $0 -1M -8.88% $0.00 10.3M Jun 14, 2023 Class A Common Stock 1M Direct F5, F6
holding MKTW Common Units 4.06M Dec 31, 2023 Class A Common Stock 4.06M See Footnote F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the automatic cancellation of Class B Common Stock upon the redemption of an equal number of Common Units.
F2 The Reporting Person was issued the Class A Common Stock in connection with the redemption of his Common Units and the cancellation of his Class B Common Stock.
F3 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions ranging from $2.3599 to $2.4002, inclusive. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth above.
F4 These securities are owned by Jama 2021, LLC, of which a trust is a member and of which the Reporting Person is a member and a manager. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of any pecuniary interest therein.
F5 Upon the redemption of any Common Units, a number of Class B common stock equal to the number of Common Units that are redeemed will be cancelled by the Issuer for no consideration.
F6 The Common Units are redeemable at any time by the Reporting Person for, at the election of the Issuer, newly-issued Class A common stock on a one-for-one basis or a cash payment equal to the volume weighted average market price of one Class A common stock for each Common Unit redeemed. Upon the redemption of any Common Units, a number of Class B common stock equal to the number of Common Units that are redeemed will be cancelled by the Issuer for no consideration.