Mark Jeffery Penn - 06 Dec 2023 Form 4 Insider Report for Stagwell Inc (STGW)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Mark Penn
Issuer symbol
STGW
Transactions as of
06 Dec 2023
Net transactions value
-$1,505,000
Form type
4
Filing time
08 Dec 2023, 20:30:12 UTC
Previous filing
20 Jul 2023
Next filing
09 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STGW Class A Common Stock Options Exercise $1,095,000 +500,000 +20% $2.19 3,040,493 06 Dec 2023 Direct F1
transaction STGW Class A Common Stock Disposed to Issuer $2,600,000 -500,000 -16% $5.20 2,540,493 06 Dec 2023 Direct F1
holding STGW Class A Common Stock 130,000 06 Dec 2023 See Footnote F2

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 Stock Appreciation Rights Options Exercise $0 -500,000 -50% $0.000000 500,000 06 Dec 2023 Class A Common Stock 500,000 $2.19 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the exercise of Stock Appreciation Rights ("SARs") and settlement in cash.
F2 Held by The Stagwell Group LLC ("Stagwell Group"). The Reporting Person is the controlling person of Stagwell Group. 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.
F3 The SARs vested in equal installments on March 18, 2020, March 18, 2021 and March 18, 2022.