Mark Arnold - Jul 21, 2021 Form 4 Insider Report for MARKETWISE, INC. (MKTW)

Role
Chief Executive Officer, Director
Signature
/s/ Gary Anderson, Attorney-in-fact
Stock symbol
MKTW
Transactions as of
Jul 21, 2021
Transactions value $
$0
Form type
4
Date filed
7/23/2021, 09:48 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 +11.3M $0.00 11.3M Jul 21, 2021 Direct
transaction MKTW Class B Common Stock Award $0 +4.06M $0.00 4.06M Jul 21, 2021 By Trust

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 $0 +11.3M $0.00 11.3M Jul 21, 2021 Class A Common Stock 11.3M Direct F1, F2, F3
transaction MKTW Common Units Award $0 +4.06M $0.00 4.06M Jul 21, 2021 Class A Common Stock 4.06M By Trust 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.