4//SEC Filing
Penn Mark Jeffery 4
Accession 0001104659-25-031307
CIK 0000876883other
Filed
Apr 1, 8:00 PM ET
Accepted
Apr 2, 7:05 PM ET
Size
12.8 KB
Accession
0001104659-25-031307
Insider Transaction Report
Form 4
Stagwell IncSTGW
Penn Mark Jeffery
DirectorChief Executive Officer10% Owner
Transactions
- Exercise/Conversion
Class C Common Stock
2025-04-02−151,648,741→ 0 total(indirect: See Footnote)→ Class A Common (151,648,741 underlying) - Tax Payment
Class A Common Stock
2025-03-31$5.93/sh−191,354$1,134,729→ 2,367,654 total - Disposition to Issuer
Class A Common Stock
2025-03-31−106,746→ 2,559,008 total - Exercise/Conversion
Class A Common Stock
2025-04-02+151,648,741→ 151,778,741 total(indirect: See Footnote)
Footnotes (8)
- [F1]Represents shares of restricted stock forfeited to the Issuer in connection with the partial vesting of a restricted stock award.
- [F2]Represents shares withheld by the Issuer to satisfy tax withholding requirements on the nonreportable vesting of restricted stock.
- [F3]On April 2, 2025, Stagwell Media (as defined and discussed in footnote 4 hereto) exchanged all of its 151,648,741 Paired Equity Interests (as defined and discussed in footnote 7 hereto) for an equal number of shares of Class A Common Stock of the Issuer.
- [F4]The Reporting Person is the controlling person of Stagwell Media LP ("Stagwell Media"). Following the reported transaction, Stagwell Media holds directly 151,648,741 shares of Class A Common Stock and zero shares of Class C Common Stock.
- [F5]The Reporting Person is the controlling person of The Stagwell Group LLC ("Stagwell Group"). Stagwell Group holds directly 130,000 shares of Class A Common Stock of the Issuer.
- [F6]The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
- [F7]A holder of shares of Class C Common Stock may, at its option, exchange its shares of Class C Common Stock, together with its corresponding interest in a subsidiary of the Issuer (collectively, a "Paired Equity Interest"), for shares of Class A Common Stock on a one-for-one basis (i.e., one Paired Equity Interest for one share of Class A Common Stock).
- [F8]The right of a holder of shares of Class C Common Stock to exchange such shares for Class A Common Stock is not subject to a date exercisable or an expiration date.
Documents
Issuer
Stagwell Inc
CIK 0000876883
Entity typeother
Related Parties
1- filerCIK 0001771735
Filing Metadata
- Form type
- 4
- Filed
- Apr 1, 8:00 PM ET
- Accepted
- Apr 2, 7:05 PM ET
- Size
- 12.8 KB