4//SEC Filing
Elizabeth W. P. Bonner 2009 Irrevocable Trust Number Two 4
Accession 0001104659-24-121967
CIK 0001805651other
Filed
Nov 21, 7:00 PM ET
Accepted
Nov 22, 11:56 AM ET
Size
11.5 KB
Accession
0001104659-24-121967
Insider Transaction Report
Form 4
MARKETWISE, INC.MKTW
Transactions
- Other
Common Units
2023-08-31+6,311,026→ 119,118,544 total(indirect: By LLC)→ Class A Common Stock (6,311,026 underlying) - Other
Class B Common Stock
2023-08-31+6,311,026→ 119,118,544 total(indirect: By LLC)
Holdings
- 117,735
Class B Common Stock
- 117,735
Common Units
→ Class A Common Stock (117,735 underlying)
Footnotes (3)
- [F1]On August 31, 2023, pursuant to a settlement agreement with Frank Porter Stansberry, dated June 21, 2023, Mr. Stansberry transferred to Monument & Cathedral Holdings, LLC ("Monument & Cathedral") 6,311,026 shares of Class B common stock of the Issuer and 6,311,026 Common Units (as defined in footnote 3) in consideration for the release and discharge of Mr. Stansberry's obligations to pay the aggregate amount of $12,622,052.01 under promissory notes issued by Mr. Stansberry for the benefit of Monument & Cathedral dated as of May 1, 2015 and July 1, 2020, in the principal amounts of $8,000,000 and $3,000,000 respectively. This transaction was previously reported to the Commission on a Form 4 filed by Monument & Cathedral on September 13, 2023.
- [F2]The securities are held directly by Monument & Cathedral. The Elizabeth W. P. Bonner 2009 Irrevocable Trust Number Two (the "E. Bonner Trust Number 2") is the majority shareholder of Cobblestone Publishing, Inc., which is the sole manager of Monument & Cathedral. As such, the E. Bonner Trust Number 2 may be deemed to beneficially own the securities held of record by Monument & Cathedral. The E. Bonner Trust Number 2 disclaims ownership of such securities except to the extent of its pecuniary interest therein.
- [F3]Represents units of membership interests ("Common Units") of MarketWise, LLC, a Delaware limited liability company and a direct subsidiary of the Issuer. Subject to the terms and conditions of the operating agreement of MarketWise, LLC, Common Units are redeemable by the holder for, at the election of the Issuer, shares of Class A common stock of the Issuer on a one-for-one basis or a cash payment equal to the volume weighted average market price of one share of Class A common stock of the Issuer for each Common Unit redeemed. Upon redemption of any Common Unit, the corresponding share of Class B common stock of the holder of Common Units will be terminated. Common Units do not have an expiration date.
Documents
Issuer
MARKETWISE, INC.
CIK 0001805651
Entity typeother
Related Parties
1- filerCIK 0002043525
Filing Metadata
- Form type
- 4
- Filed
- Nov 21, 7:00 PM ET
- Accepted
- Nov 22, 11:56 AM ET
- Size
- 11.5 KB