Stagwell INC Schedule 13D activist filings

Mark J. Penn transferred 2 million Class A Common Stock shares to Stagwell Group to rectify a prior distribution, adjusting beneficial ownership percentages.

Mark J. Penn has consolidated his beneficial ownership in Stagwell Inc. to 11.6% of Class A Common Stock after Stagwell Group distributed its remaining shares to him.

Former Microsoft CEO Steven A. Ballmer and Polpat LLC have disclosed a beneficial ownership of 43.5% of Stagwell Inc.'s Class A Common Stock, totaling 116,044,633 shares, acquired through a recent stock distribution.

An amendment to Schedule 13D reveals Mark J. Penn and affiliated entities have adjusted their beneficial ownership in Stagwell Inc. Class A Common Stock, primarily due to a share distribution by Stagwell Group LLC to its members.

Mark J. Penn and affiliated entities have significantly adjusted their beneficial ownership in Stagwell Inc. Class A Common Stock through a strategic exchange of Class C shares and subsequent distribution to limited partners.

The Goldman Sachs Group and its affiliates have filed an Amendment No. 11 to their Schedule 13D, indicating they are no longer beneficial owners of more than 5% of Stagwell Inc.'s Class A Common Stock, primarily due to dilution from the issuer's share issuances.

Stagwell Inc. announced the completion of a significant stock exchange where Stagwell Media LP converted over 151 million Class C shares into Class A common stock, streamlining the company's ownership structure.