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Stagwell Inc — Director's Dealing 2021
Aug 4, 2021
31947_dirs_2021-08-04_7ed25820-46d5-40c4-8ed2-1d9f092075c0.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Stagwell Inc (STGW)
CIK: 0000876883
Period of Report: 2021-08-02
Reporting Person: Penn Mark Jeffery (Director, CHIEF EXECUTIVE OFFICER, 10% Owner)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-08-02 | Class C Common Shares | $ | A | 179970051 | Acquired | Class A Common Shares (179970051) | Indirect |
Footnotes
F1: The Reporting Person is the controlling person of Stagwell Media LP ("Stagwell Media"). Stagwell Media directly holds 160,864,073 Class C Common Shares of the Issuer. Stagwell Media is the manager of Stagwell Friends and Family LLC, which directly holds 19,105,978 Class C Common Shares of the Issuer. The Class C Common Shares are voting-only shares that have no economic interest in the Issuer and are not registered or listed shares. The holder of Class C Common Shares, may, at its option, exchange its Class C Common Shares, together with its corresponding economic interest in a wholly-owned subsidiary of the Issuer (collectively, a "Paired Equity Interest"), for Class A Common Shares on a one-to-one basis (i.e., one Paired Equity Interest for one Class A Common Share). The Class C Common Shares are subject to a lock-up agreement that prevents the holder thereof from exchanging such Class C Common Shares for Class A Common Shares until February 2, 2022.
F2: The right of any holder of Class C Common Shares to exchange such shares for Class A Common Shares is not subject to an expiration date.