Frank Porter Stansberry - 22 Aug 2023 Form 4 Insider Report for MARKETWISE, INC. (MKTW)

Role: 10%+ Owner
Signature: Frank Porter Stansberry
Issuer symbol: MKTW
Transactions as of: 22 Aug 2023
Net transactions value: -$178,435
Form type: 4
Filing time: 24 Aug 2023, 17:37:59 UTC
Previous filing: 10 Aug 2023
Next filing: 29 Aug 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MKTW	Class B Common Stock	Other		-500,000	-0.81%		61,497,571	22 Aug 2023	Direct	F1
transaction	MKTW	Class A Common Stock	Other		+500,000	+18%		3,351,014	22 Aug 2023	Direct	F1
transaction	MKTW	Class A Common Stock	Sale	$48,495	-32,547	-0.97%	$1.49	3,318,467	22 Aug 2023	Direct
transaction	MKTW	Class A Common Stock	Sale	$51,840	-36,000	-1.1%	$1.44	3,282,467	23 Aug 2023	Direct
transaction	MKTW	Class A Common Stock	Sale	$78,100	-55,000	-1.7%	$1.42	3,227,467	24 Aug 2023	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	Conversion of derivative security		-500,000	-0.81%		61,497,571	22 Aug 2023	Class A Common Stock	500,000		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 August 22, 2023, the Reporting Person redeemed 500,000 Common Units for Class A Common Stock on a one-for-one basis. As a result of the redemption, 500,000 Class B Common Stock beneficially owned by the Reporting Person were cancelled and the Reporting Person acquired 500,000 Class A Common Stock.

Content

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 August 22, 2023, the Reporting Person redeemed 500,000 Common Units for Class A Common Stock on a one-for-one basis. As a result of the redemption, 500,000 Class B Common Stock beneficially owned by the Reporting Person were cancelled and the Reporting Person acquired 500,000 Class A Common Stock.