Scott D. Forney - 15 Mar 2024 Form 4 Insider Report for MARKETWISE, INC. (MKTW)

Role
General Counsel
Signature
/s/ Scott Forney, Attorney-in-Fact
Issuer symbol
MKTW
Transactions as of
15 Mar 2024
Net transactions value
-$14,961
Form type
4
Filing time
19 Mar 2024, 16:53:49 UTC
Previous filing
20 Nov 2023
Next filing
03 Jul 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MKTW Class A Common Stock Award $0 +100,000 +80% $0.000000 224,578 15 Mar 2024 Direct F1, F2
transaction MKTW Class A Common Stock Tax liability $14,961 -7,833 -3.5% $1.91 216,745 15 Mar 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an award of restricted stock units that vest in four equal annual installments commencing on March 15, 2024 with the first installment vesting on March 15, 2025.
F2 Includes 5,000 shares of Class A Common Stock acquired pursuant to the Issuer's employee stock purchase plan on December 31, 2023.
F3 This transaction is not a sale of shares by the Reporting Person. This represents shares that have been withheld by the Issuer to satisfy its tax withholdings and remittance obligations in connection with the vesting and net settlement of previously reported restricted stock units.