Filing Details
- Accession Number:
- 0001104659-23-032289
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-03-14 16:16:05
- Reporting Period:
- 2023-03-14
- Accepted Time:
- 2023-03-14 16:16:05
- 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 | 2023-03-14 | 12,000,000 | $6.43 | 14,502,414 | 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
- The reported securities were sold by Stagwell Agency Holdings LLC 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.
- 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 14,372,414 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.