Mark Penn - Oct 7, 2021 Form 4 Insider Report for Stagwell Inc (STGW)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Mark Penn
Stock symbol
STGW
Transactions as of
Oct 7, 2021
Transactions value $
$0
Form type
4
Date filed
10/7/2021, 05:01 PM
Previous filing
Aug 23, 2021
Next filing
Oct 19, 2021

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 +12.1M +83.84% 26.5M Oct 7, 2021 See Footnote F1, F2
holding STGW Class A Common Stock 589K Oct 7, 2021 Direct

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 6 Convertible Preferred Stock Conversion of derivative security -50K -100% 0 Oct 7, 2021 Class A Common Stock 12.1M See Footnote F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On October 7, 2021, the 50,000 shares of Series 6 Convertible Preferred Stock of the Issuer held by Stagwell Agency Holdings LLC converted automatically into 12,086,700 shares of Class A Common Stock of the Issuer and had no expiration date.
F2 The Reporting Person is the controlling person of The Stagwell Group LLC ("Stagwell"). Stagwell directly holds 130,000 shares of Class A Common Stock of the Issuer. Stagwell is the manager of Stagwell Agency Holdings LLC, which directly holds 26,372,414 shares of Class A Common Stock of the Issuer following the conversion reported herein. 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 Securities Exchange Act of 1934, as amended, or for any other purpose.