Michael Alan Palmer - Jul 21, 2021 Form 4 Insider Report for MARKETWISE, INC. (MKTW)

Role: Director
Signature: /s/ Gary Anderson, Attorney-in-fact
Stock symbol: MKTW
Transactions as of: Jul 21, 2021
Transactions value $: $25,925,685
Form type: 4
Date filed: 7/23/2021, 09:46 PM
Next filing: Oct 4, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MKTW	Class B Common Stock	Award	$0	+25.9M		$0.00	25.9M	Jul 21, 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	MKTW	Common Units	Award	$25.9M				25.9M	Jul 21, 2021	Class A Common Stock	25.9M		Direct	F1, F2, F3

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

Explanation of Responses:

Id	Content
F1	Upon the redemption of any Common Units, a number of Class B common stock equal to the number of Common Units that are redeemed will be cancelled by the Issuer for no consideration.
F2	Represents Common Units received as consideration for LLC units of MarketWise, LLC in connection with the Business Combination Agreement, as defined and described in the Issuer's prospectus filed with the Securities and Exchange Commission on July 1, 2021.
F3	The Common Units are redeemable at any time by the Reporting Person for, at the election of the Issuer, newly-issued Class A common stock on a one-for-one basis or a cash payment equal to the volume weighted average market price of one Class A common stock for each Common Unit redeemed. Upon the redemption of any Common Units, a number of Class B common stock equal to the number of Common Units that are redeemed will be cancelled by the Issuer for no consideration.