Form 4: MarketWise Controller's Stock Holdings Adjusted Following Tax Withholding and Reverse Split
Statement of Changes in Beneficial Ownership
MarketWise Controller Steven Andrew Kaufman's beneficial ownership of Class A Common Stock was adjusted to 8,926 shares following a tax withholding transaction and a 1-for-20 reverse stock split.
Summary
- Steven Andrew Kaufman, Controller of MarketWise, Inc. (MKTW), reported a change in beneficial ownership of Class A Common Stock.
- On July 1, 2025, 449 shares of Class A Common Stock were disposed of (withheld) by the Issuer at a price of $19.82 per share.
- This transaction was for tax withholding and remittance obligations related to the vesting and net settlement of previously reported restricted stock units, and was not a discretionary sale by Mr. Kaufman.
- Following this transaction, Mr. Kaufman beneficially owns 8,926 shares of Class A Common Stock.
- The reported share amounts reflect a 1-for-20 reverse stock split of common stock, which was effective April 2, 2025.
Sentiment
Score: 7
Explanation: The filing reports a routine tax withholding transaction related to the vesting of restricted stock units, which is a common and expected event for executive compensation. It is not a discretionary sale by the officer, and beneficial ownership is maintained, indicating stability.
Positives
- The reported disposition of shares was solely for tax withholding purposes related to the vesting of restricted stock units, not a discretionary sale by the reporting person, indicating a routine compensation event.
- Steven Andrew Kaufman, as Controller, maintains a beneficial ownership of 8,926 shares of Class A Common Stock, indicating continued alignment with shareholder interests.
Future Outlook
NA
Industry Context
NA
Related Party Transactions
- The withholding of 449 shares of Class A Common Stock by the Issuer to satisfy tax obligations related to the vesting of restricted stock units for Controller Steven Andrew Kaufman constitutes a routine related party transaction as part of executive compensation.
Stakeholder Impact
- Shareholders: No direct impact on share price from this routine tax withholding; indicates the execution of standard executive compensation structures.
- Employees: Reflects the standard process for executive compensation, specifically the tax implications of restricted stock unit vesting.
Key Dates
| Date | Description |
|---|---|
| 04/02/2025 | Effective date of the 1-for-20 reverse stock split of common stock. |
| 07/01/2025 | Date of the reported transaction (tax withholding of shares). |
| 07/03/2025 | Date the Form 4 was signed by the Attorney-in-Fact. |
Keywords
MarketWise, MKTW, Steven Andrew Kaufman, Controller, Form 4, SEC filing, stock transaction, beneficial ownership, restricted stock units, RSU, tax withholding, reverse stock split
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.