4//SEC Filing
Stansberry Frank Porter 4
Accession 0001871335-23-000012
CIK 0001805651other
Filed
Oct 18, 8:00 PM ET
Accepted
Oct 19, 8:09 PM ET
Size
9.2 KB
Accession
0001871335-23-000012
Insider Transaction Report
Form 4
MARKETWISE, INC.MKTW
Stansberry Frank Porter
Director10% Owner
Transactions
- Other
Class B Common Stock
2023-09-06−1,000,000→ 54,186,545 total - Other
Class A Common Stock
2023-09-06+1,000,000→ 3,991,467 total - Conversion
Common Units
2023-09-06−1,000,000→ 54,186,545 total→ Class A Common Stock (1,000,000 underlying)
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 September 6, 2023, the Reporting Person redeemed 1,000,000 Common Units for Class A Common Stock on a one-for-one basis. As a result of the redemption, 1,000,000 Class B Common Stock beneficially owned by the Reporting Person were cancelled and the Reporting Person acquired 1,000,000 Class A Common Stock. Uncertainty concerning the status of the conversion delayed the filing of this Form.
Documents
Issuer
MARKETWISE, INC.
CIK 0001805651
Entity typeother
Related Parties
1- filerCIK 0001871335
Filing Metadata
- Form type
- 4
- Filed
- Oct 18, 8:00 PM ET
- Accepted
- Oct 19, 8:09 PM ET
- Size
- 9.2 KB