COBBLESTONE PUBLISHING INC 4
4 · MARKETWISE, INC. · Filed Sep 13, 2023
Insider Transaction Report
Form 4
MARKETWISE, INC.MKTW
Monument & Cathedral Holdings, LLC
10% Owner
Transactions
- Other
Common Units
2023-08-31+6,311,026→ 119,118,544 total→ Class A Common Stock (6,311,026 underlying) - Other
Class B Common Stock
2023-08-31+6,311,026→ 119,118,544 total
Holdings
- 1,087,162(indirect: By LLC)
Class B Common Stock
- 1,087,162(indirect: By LLC)
Common Units
→ Class A Common Stock (1,087,162 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 the Reporting Person 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 $22,111,867.26 under promissory notes issued by Mr. Stansberry for the benefit of the Reporting Person, dated as of May 1, 2015 and July 1, 2020, in the principal amounts of $8,000,000 and $3,000,000 respectively.
- [F2]The securities are held directly by Myles Norin, LLC. Myles Norin is the manager of Myles Norin, LLC and as a result, may be deemed to beneficially own the securities held of record by Myles Norin, LLC. Mr. Norin disclaims ownership of such securities except to the extent of his 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 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.