Elizabeth W. P. Bonner 2009 Irrevocable Trust Number Two - Aug 31, 2023 Form 4 Insider Report for MARKETWISE, INC. (MKTW)

Role
10%+ Owner
Signature
Elizabeth W. P. Bonner 2009 Irrevocable Trust Number Two By: /s/ Margaret F. DeCampo, as Administrative Trustee
Stock symbol
MKTW
Transactions as of
Aug 31, 2023
Transactions value $
$0
Form type
4
Date filed
11/22/2024, 11:56 AM
Previous filing
Nov 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MKTW Class B Common Stock Other +6.31M +5.59% 119M Aug 31, 2023 By Monument & Cathedral Holdings, LLC F1, F2
holding MKTW Class B Common Stock 118K Aug 31, 2023 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 MKTW Common Units Other +6.31M +5.59% 119M Aug 31, 2023 Class A Common Stock 6.31M By Monument & Cathedral Holdings, LLC F1, F2, F3
holding MKTW Common Units 118K Aug 31, 2023 Class A Common Stock 118K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 31, 2023, pursuant to a settlement agreement with Frank Porter Stansberry, dated June 21, 2023, Mr. Stansberry transferred to Monument & Cathedral Holdings, LLC ("Monument & Cathedral") 6,311,026 shares of Class B common stock of the Issuer and 6,311,026 Common Units (as defined in footnote 3) in consideration for the release and discharge of Mr. Stansberry's obligations to pay the aggregate amount of $12,622,052.01 under promissory notes issued by Mr. Stansberry for the benefit of Monument & Cathedral dated as of May 1, 2015 and July 1, 2020, in the principal amounts of $8,000,000 and $3,000,000 respectively. This transaction was previously reported to the Commission on a Form 4 filed by Monument & Cathedral on September 13, 2023.
F2 The securities are held directly by Monument & Cathedral. The Elizabeth W. P. Bonner 2009 Irrevocable Trust Number Two (the "E. Bonner Trust Number 2") is the majority shareholder of Cobblestone Publishing, Inc., which is the sole manager of Monument & Cathedral. As such, the E. Bonner Trust Number 2 may be deemed to beneficially own the securities held of record by Monument & Cathedral. The E. Bonner Trust Number 2 disclaims ownership of such securities except to the extent of its pecuniary interest therein.
F3 Represents units of membership interests ("Common Units") of MarketWise, LLC, a Delaware limited liability company and a direct subsidiary of the Issuer. Subject to the terms and conditions of the operating agreement of MarketWise, LLC, Common Units are redeemable by the holder for, at the election of the Issuer, shares of Class A common stock of the Issuer on a one-for-one basis or a cash payment equal to the volume weighted average market price of one share of Class A common stock of the Issuer for each Common Unit redeemed. Upon redemption of any Common Unit, the corresponding share of Class B common stock of the holder of Common Units will be terminated. Common Units do not have an expiration date.