Frank Porter Stansberry - Jun 23, 2023 Form 4 Insider Report for MARKETWISE, INC. (MKTW)

Role
10%+ Owner
Signature
Frank Porter Stansberry
Stock symbol
MKTW
Transactions as of
Jun 23, 2023
Transactions value $
$0
Form type
4
Date filed
6/27/2023, 07:03 PM
Previous filing
Nov 22, 2022
Next filing
Jun 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MKTW Class B Common Stock Other -250K -0.4% 62M Jun 23, 2023 Direct F1
transaction MKTW Class A Common Stock Other +250K +8.77% 3.1M Jun 23, 2023 Direct F1

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 Conversion of derivative security -250K -0.4% 62M Jun 23, 2023 Class A Common Stock 250K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person originally received Common Units and Class B Common Stock 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. The Common Units are redeemable for shares of Class A Common Stock on a one-for-one basis at the option of the holder. Upon the redemption of any Common Units, a number of Class B Common Stock equal to the number of Common Units that are redeemed are cancelled by the Issuer for no consideration. On June 23, 2023, the Reporting Person redeemed 250,000 Common Units for Class A Common Stock on a one-for-one basis on June 23, 2023. As a result of the redemption, 250,000 Class B Common Stock beneficially owned by the Reporting Person were cancelled and the Reporting Person acquired 250,000 Class A Common Stock.