Goldman Sachs Group Inc - Jun 13, 2024 Form 4 Insider Report for Stagwell Inc (STGW)

Role
10%+ Owner
Signature
The Goldman Sachs Group, Inc., By: /s/ Crystal Orgill, Name: Crystal Orgill, Title: Attorney-in-fact
Stock symbol
STGW
Transactions as of
Jun 13, 2024
Transactions value $
-$25,360,000
Form type
4
Date filed
6/17/2024, 08:51 PM
Previous filing
Dec 26, 2023
Next filing
Nov 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STGW Class A Common Stock Sale -$25.4M -4M -23.56% $6.34 13M Jun 13, 2024 See Footnotes F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects a repurchase of shares by Stagwell Inc. (the "Issuer") pursuant to a Share Repurchase Agreement, dated June 13, 2024.
F2 This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group"), Goldman, Sachs & Co. LLC ("Goldman Sachs"), Broad Street Principal Investments, L.L.C. ("BSPI"), StoneBridge 2017, L.P. ("SB Employee Fund"), StoneBridge 2017 Offshore, L.P. ("SB Employee Fund Offshore," and together with SB Employee Fund, the "Employee Funds") and Bridge Street Opportunity Advisors, L.L.C ("Bridge Street"). Goldman Sachs is a subsidiary of GS Group. Goldman Sachs is the manager of BSPI and Bridge Street and the investment manager of the Employee Funds. GS Group is the direct owner of Bridge Street. Bridge Street is the general partner of each Employee Fund.
F3 Because of the relationship by and between GS Group, Goldman Sachs, BSPI and the Employee Funds, GS Group and Goldman Sachs may be deemed (for purposes of Rule 13d-3(a) and Rule 16a-1(a) only and not for any other applicable purpose) to beneficially own an aggregate of 12,981,022 shares of Class A Common Stock, consisting of (i) 10,683,430 shares of Class A Common Stock directly held by BSPI, (ii) 1,597,531 shares of Class A Common Stock directly held by SB Employee Fund, (iii) 566,259 shares of Class A Common Stock directly held by SB Employee Fund Offshore and (iv) 133,802 shares of Class A Common Stock of the Issuer held directly by Goldman Sachs.

Remarks:

Exhibit List: Exhibit 24 - Powers of Attorney relating to The Goldman Sachs Group, Inc., Goldman Sachs & Co. LLC, Broad Street Principal Investments, L.L.C., StoneBridge 2017, L.P., StoneBridge 2017 Offshore, L.P. and Bridge Street Opportunity Advisors, L.L.C.