Stagwell Inc — Director's Dealing 2021

Aug 3, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Stagwell Inc (MDC)
CIK: 0000876883
Period of Report: 2020-06-16

Reporting Person: Gross Bradley J. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-06-16	Class A Subordinate Voting Shares	P	8887	$1.4075	Acquired	16523	Indirect
2020-06-16	Class A Subordinate Voting Shares	S	8887	$1.4075	Disposed	7636	Indirect
2020-06-17	Class A Subordinate Voting Shares	P	18260	$1.3626	Acquired	25899	Indirect
2020-06-17	Class A Subordinate Voting Shares	S	18260	$1.3626	Disposed	7639	Indirect
2020-07-07	Class A Subordinate Voting Shares	P	4613	$2.0589	Acquired	12316	Indirect
2020-07-07	Class A Subordinate Voting Shares	S	4613	$2.0589	Disposed	7703	Indirect

Footnotes

F1: 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.

F2: 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.

F3: The Reporting Person is a managing director of Goldman Sachs. Goldman Sachs is a subsidiary of by The Goldman Sachs Group, Inc. ("GS Group").

F4: 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.

F5: 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 Exchange Act, or for any other purpose.