Stagwell Inc — Director's Dealing 2021

Mar 2, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MDC PARTNERS INC (MDCA)
CIK: 0000876883
Period of Report: 2021-02-26

Reporting Person: Penn Mark Jeffery (Director, Chief Executive Officer, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-26	Class A Subordinate Voting Shares	D	28449	—	Disposed	574051	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Subordinate Voting Shares	14400714	Indirect

Footnotes

F1: 577,500 shares of Restricted Stock (Class A Shares) of the Issuer were awarded to the Reporting Person on November 4, 2019, subject to achievement of financial performance targets and continued employment. 28,449 of these shares were forfeited on February 26, 2021 as a result of partial achievement of the financial performance targets. The remaining shares will vest on December 31, 2022, subject to continued employment.

F2: Includes 549,051 shares of unvested Restricted Stock (Class A Shares) of the Issuer.

F3: The Reporting Person is the controlling person of The Stagwell Group LLC ("Stagwell"). Stagwell directly holds 115,000 Class A Shares of the Issuer. Stagwell is the manager of Stagwell Agency Holdings LLC, which directly holds 14,285,714 Class A Shares of the Issuer. 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.