Mark Penn - Aug 2, 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
Aug 2, 2021
Transactions value $
$35,634,070,098,000,000
Form type
4
Date filed
8/4/2021, 05:28 PM
Next filing
Aug 11, 2021

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 Class C Common Shares Award $35.6Q +180M $198,000,000.00* 0 Aug 2, 2021 Class A Common Shares 180M See Footnote F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person is the controlling person of Stagwell Media LP ("Stagwell Media"). Stagwell Media directly holds 160,864,073 Class C Common Shares of the Issuer. Stagwell Media is the manager of Stagwell Friends and Family LLC, which directly holds 19,105,978 Class C Common Shares of the Issuer. The Class C Common Shares are voting-only shares that have no economic interest in the Issuer and are not registered or listed shares. The holder of Class C Common Shares, may, at its option, exchange its Class C Common Shares, together with its corresponding economic interest in a wholly-owned subsidiary of the Issuer (collectively, a "Paired Equity Interest"), for Class A Common Shares on a one-to-one basis (i.e., one Paired Equity Interest for one Class A Common Share). The Class C Common Shares are subject to a lock-up agreement that prevents the holder thereof from exchanging such Class C Common Shares for Class A Common Shares until February 2, 2022.
F2 The right of any holder of Class C Common Shares to exchange such shares for Class A Common Shares is not subject to an expiration date.