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Filing Details

Accession Number:: 0000899243-21-031378
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-08-03 19:04:55
Reporting Period:: 2020-06-16

Accepted Time:: 2021-08-03 19:04:55
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
876883	Stagwell Inc	MDC	()	NY

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
769993	Goldman Sachs & Co. Llc	200 West Street New York NY 10282	No	No	Yes	No
886982	Goldman Sachs Group Inc	200 West Street New York NY 10282	No	No	Yes	No
1575993	Broad Street Principal Investments, L.l.c.	200 West Street New York NY 10282	No	No	Yes	No
1615636	Bridge Street Opportunity Advisors, L.l.c.	200 West Street New York NY 10282	No	No	Yes	No
1698770	Stonebridge 2017 Offshore, L.p.	200 West Street New York NY 10282	No	No	Yes	No
1698772	Stonebridge 2017, L.p.	200 West Street New York NY 10282-2198	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Subordinate Voting Shares	Acquisiton	2020-06-16	8,887	$1.41	16,523	No	4	P	Indirect	See Footnotes
Class A Subordinate Voting Shares	Disposition	2020-06-16	8,887	$1.41	7,636	No	4	S	Indirect	See Footnotes
Class A Subordinate Voting Shares	Acquisiton	2020-06-17	18,260	$1.36	25,899	No	4	P	Indirect	See Footnotes
Class A Subordinate Voting Shares	Disposition	2020-06-17	18,260	$1.36	7,639	No	4	S	Indirect	See Footnotes
Class A Subordinate Voting Shares	Acquisiton	2020-07-07	4,613	$2.06	12,316	No	4	P	Indirect	See Footnotes
Class A Subordinate Voting Shares	Disposition	2020-07-07	4,613	$2.06	7,703	No	4	S	Indirect	See Footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See Footnotes
No	4	S	Indirect	See Footnotes
No	4	P	Indirect	See Footnotes
No	4	S	Indirect	See Footnotes
No	4	P	Indirect	See Footnotes
No	4	S	Indirect	See Footnotes

Footnotes

These transactions in the Class A Subordinate Voting Shares (the "Class A Shares") of MDC Partners Inc. (the "Issuer") have not previously been reported on Form 4 and were effected by Goldman Sachs & Co. LLC ("Goldman Sachs") acting as agent on behalf of certain international affiliates that had entered into riskless principal trades in connection with client trade facilitation in the ordinary course of their business.
Without conceding riskless principal trades in connection with client trade facilitation in the ordinary course of business can result in liability under Section 16(b) of the Securities Exchange Act of 1934 (the "Exchange Act"), the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer.
This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group"), Goldman Sachs, Broad Street Principal Investments, L.L.C. ("BSPI"), StoneBridge 2017, L.P. ("StoneBridge 2017"), StoneBridge 2017 Offshore, L.P. ("StoneBridge 2017 Offshore", together with "StoneBridge 2017", the "GS Funds") and Bridge Street Opportunity Advisors, L.L.C ("Bridge Street"). Goldman Sachs is a subsidiary of GS Group. Goldman Sachs is the direct manager and owner of BSPI and Bridge Street and the investment manager of the GS Funds. Bridge Street is the general partner of the GS Funds.
Goldman Sachs and GS Group may be deemed to beneficially own 7,703 Class A Shares acquired by Goldman Sachs or another wholly-owned broker or dealer subsidiary of GS Group in ordinary course trading activities.
Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act, or for any other purpose.