4//SEC Filing
Stansberry Frank Porter 4
Accession 0001871335-23-000007
CIK 0001805651other
Filed
Aug 23, 8:00 PM ET
Accepted
Aug 24, 5:37 PM ET
Size
13.5 KB
Accession
0001871335-23-000007
Insider Transaction Report
Form 4
MARKETWISE, INC.MKTW
Stansberry Frank Porter
Director10% Owner
Transactions
- Conversion
Common Units
2023-08-22−500,000→ 61,497,571 total→ Class A Common Stock (500,000 underlying) - Sale
Class A Common Stock
2023-08-24$1.42/sh−55,000$78,100→ 3,227,467 total - Other
Class B Common Stock
2023-08-22−500,000→ 61,497,571 total - Other
Class A Common Stock
2023-08-22+500,000→ 3,351,014 total - Sale
Class A Common Stock
2023-08-22$1.49/sh−32,547$48,495→ 3,318,467 total - Sale
Class A Common Stock
2023-08-23$1.44/sh−36,000$51,840→ 3,282,467 total
Footnotes (1)
- [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 August 22, 2023, the Reporting Person redeemed 500,000 Common Units for Class A Common Stock on a one-for-one basis. As a result of the redemption, 500,000 Class B Common Stock beneficially owned by the Reporting Person were cancelled and the Reporting Person acquired 500,000 Class A Common Stock.
Documents
Issuer
MARKETWISE, INC.
CIK 0001805651
Entity typeother
Related Parties
1- filerCIK 0001871335
Filing Metadata
- Form type
- 4
- Filed
- Aug 23, 8:00 PM ET
- Accepted
- Aug 24, 5:37 PM ET
- Size
- 13.5 KB