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MARKETWISE, INC. — Director's Dealing 2021
Jul 24, 2021
34634_dirs_2021-07-23_3077b8db-23ac-4d8e-b452-3adda15d38e4.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: MARKETWISE, INC. (MKTW)
CIK: 0001805651
Period of Report: 2021-07-21
Reporting Person: Stansberry Frank Porter (10% Owner)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class B Common Stock | 62247571 | Direct |
| Class B Common Stock | 2566643 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Common Units | $ | Class A Common Stock (62247571.0) | Direct | ||
| Common Units | $ | Class A Common Stock (2566643.0) | Indirect |
Footnotes
F1: The Common Units are redeemable at any time by the Reporting Person for, at the election of the Issuer, newly-issued Class A common stock on a one-for-one basis or a cash payment equal to the volume weighted average market price of one Class A common stock for each Common Unit redeemed. Upon the redemption of any Common Units, a number of Class B common stock equal to the number of Common Units that are redeemed will be cancelled by the Issuer for no consideration.
F2: Represents Common Units received 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.
F3: Upon the redemption of any Common Units, a number of Class B common stock equal to the number of Common Units that are redeemed will be cancelled by the Issuer for no consideration.