Stagwell Inc — Director's Dealing 2023

Dec 8, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Stagwell Inc (STGW)
CIK: 0000876883
Period of Report: 2023-12-06

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-12-06	Class A Common Stock	M	500000	$2.19	Acquired	3040493	Direct
2023-12-06	Class A Common Stock	D	500000	$5.20	Disposed	2540493	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-12-06	Stock Appreciation Rights	$2.19	M	500000	Disposed	2024-03-18	Class A Common Stock (500000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	130000	Indirect

Footnotes

F1: Represents the exercise of Stock Appreciation Rights ("SARs") and settlement in cash.

F2: Held by The Stagwell Group LLC ("Stagwell Group"). The Reporting Person is the controlling person of Stagwell Group. 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.

F3: The SARs vested in equal installments on March 18, 2020, March 18, 2021 and March 18, 2022.