Filing Details

Accession Number:
0001871335-23-000010
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-09-11 19:50:02
Reporting Period:
2023-08-31
Accepted Time:
2023-09-11 19:50:02
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1805651 Marketwise Inc. MKTW Services-Prepackaged Software (7372) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1871335 Porter Frank Stansberry 1001 Cathedral Street
Fourth Floor
Baltimore MD 21201
Yes No 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 B Common Stock Disposition 2023-08-31 6,311,026 $2.00 55,186,545 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Common Units Disposition 2023-08-31 6,311,026 $2.00 6,311,026 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
55,186,545 No 4 S Direct
Footnotes
  1. 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.The Reporting Person completed a private sale of 6,311,026 Common Units and Class B Common Stock on August 31, 2023, but did not receive confirmation of the sale until September 8, 2023.