Forney Scott Daniel 4
4 · MARKETWISE, INC. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
MarketWise (MKTW) General Counsel Scott Forney Receives RSU Award
What Happened
Forney Scott Daniel (General Counsel) received an award of 2,000 restricted stock units (RSUs) on 2026-03-13 (reported on Form 4 filed 2026-03-17). On the same date, 805 shares were withheld at $14.15 per share to satisfy tax withholding obligations related to previously vested RSUs, a withholding valued at $11,391. The RSU award itself is recorded at $0.00 (award/grant).
Key Details
- Transaction dates: March 13, 2026 (reported March 17, 2026). The filing appears timely.
- Award: 2,000 RSUs granted (code A) — recorded at $0.00.
- Tax withholding: 805 shares withheld (code F) at $14.15 = $11,391 (disposition reported as withholding, not a sale by the reporting person).
- Vesting: The awarded RSUs vest in four equal annual installments beginning March 15, 2027 (footnote F1).
- Holdings note: Footnote F2 indicates 857 shares were acquired under the issuer’s employee stock purchase plan on Dec 31, 2025.
- Filing note: Footnote F3 clarifies the 805‑share transaction represents shares withheld to meet tax obligations and is not a sale by the reporting person.
- Shares owned after the transactions are not specified in the provided excerpt.
Context
RSU grants are common compensation for executives; they are not an out‑of‑pocket purchase and generally reflect compensation rather than a bullish purchase signal. Withholding shares to cover taxes is routine (a net settlement mechanism) and should not be treated the same as an open‑market sale.
Insider Transaction Report
- Award
Class A Common Stock
[F1][F2]2026-03-13+2,000→ 22,096 total - Tax Payment
Class A Common Stock
[F3]2026-03-13$14.15/sh−805$11,391→ 21,291 total
Footnotes (3)
- [F1]Represents an award of restricted stock units which will vest in four equal annual installments beginning on March 15, 2027.
- [F2]Includes 857 shares of Class A Common Stock acquired pursuant to the Issuer's employee stock purchase plan on December 31, 2025.
- [F3]This transaction is not a sale of shares by the Reporting Person. This represents shares that have been withheld by the Issuer to satisfy its tax withholdings and remittance obligations in connection with the vesting and net settlement of previously reported restricted stock units.