Form 4 for MKTW MARKETWISE, INC.
Accepted 2023-06-27 00:00:00 ET · period of report 2023-06-23 · accession 0001871335-23-000001 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-06-27 | 2023-06-23 | MKTW | Stansberry Frank Porter | 10% | J - Other | — | 0 | 3.10M | New | — |
| D | 2023-06-27 | 2023-06-23 | MKTW | Stansberry Frank Porter | 10% | C - Cnv Deriv | — | -250.0K | 62.00M | -0.4% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class B Common Stock | 2023-06-23 | J | D | 250,000 | — | 61,997,571 | D | — | — | (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. |
| 2 | Common | Class A Common Stock | 2023-06-23 | J | A | 250,000 | — | 3,101,014 | D | — | — | (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. |
| 3 | Derivative | Common Units | 2023-06-23 | C | D | 250,000 | — | 61,997,571 | D | — · — to — | 250,000 Class A Common Stock | (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. |