Filing Details

Accession Number:
0001104659-23-035617
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-03-22 16:31:08
Reporting Period:
2023-03-22
Accepted Time:
2023-03-22 16:31:08
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
876883 Stagwell Inc STGW Services-Advertising Agencies (7311) 980364441
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1771735 Jeffery Mark Penn C/O The Stagwell Group Llc
1808 I Street, Nw 6Th Floor
Washington DC 20006
Chief Executive Officer Yes Yes Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Disposition 2023-03-22 304,577 $6.43 14,197,837 No 4 S Indirect See Footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect See Footnote
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Common Stock 2,317,924 Direct
Footnotes
  1. The reported securities were sold by Stagwell Agency Holdings LLC pursuant to the exercise in part of the option to purchase additional shares of Class A Common Stock of the Issuer granted to the underwriter in an underwritten public offering (the "Secondary Offering"). This amount represents the $6.75 secondary public offering price per share of Class A Common Stock of the Issuer, less the underwriting discount of $0.320625 per share sold in the Secondary Offering.
  2. The Reporting Person is the controlling person of The Stagwell Group LLC ("Stagwell Group"). Stagwell Group directly holds 130,000 shares of Class A Common Stock of the Issuer. Stagwell Group is the manager of Stagwell Agency Holdings LLC, which directly holds 14,067,837 shares of Class A Common Stock of the Issuer following the reported transaction. 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.