Eli Samaha - Mar 10, 2023 Form 4 Insider Report for Stagwell Inc (STGW)

Role: Director
Signature: /s/ Edmund Graff, attorney-in-fact
Stock symbol: STGW
Transactions as of: Mar 10, 2023
Transactions value $: $5,062,500
Form type: 4
Date filed: 3/14/2023, 05:01 PM
Previous filing: Dec 30, 2022
Next filing: Jun 16, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	STGW	Class A Common Stock	Purchase	$5.06M	+750K	+11.72%	$6.75	7.15M	Mar 10, 2023	See footnote	F1, F2
holding	STGW	Class A Common Stock						46K	Mar 10, 2023	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reported securities were purchased by funds managed by Madison Avenue Partners, LP in an underwritten public offering at $6.75 per share.
F2	These shares are held by funds managed by Madison Avenue Partners, LP. The Reporting Person is the managing partner of Madison Avenue Partners, LP. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of the Reporting Person's pecuniary interest therein. The filing of this statement shall not be deemed an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the Reporting Person is the beneficial owner of such securities.

Content

The reported securities were purchased by funds managed by Madison Avenue Partners, LP in an underwritten public offering at $6.75 per share.

These shares are held by funds managed by Madison Avenue Partners, LP. The Reporting Person is the managing partner of Madison Avenue Partners, LP. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of the Reporting Person's pecuniary interest therein. The filing of this statement shall not be deemed an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the Reporting Person is the beneficial owner of such securities.