Form 4: MarketWise Controller Steven Kaufman Reports Tax Withholding Transaction
SEC Form 4 Filing
Steven Kaufman, Controller of MarketWise, Inc., reports a transaction involving the withholding of shares to cover tax obligations related to vested restricted stock units.
Summary
- On March 14, 2025, Steven Kaufman, Controller of MarketWise, Inc., reported a transaction on SEC Form 4.
- The transaction involved the withholding of 6,969 shares of Class A Common Stock by the issuer to satisfy tax withholding obligations.
- The price per share for the withholding was $0.606.
- Following the transaction, Kaufman directly owns 187,517 shares of Class A Common Stock.
- The transaction was not a sale of shares by Kaufman but a withholding by the company for tax purposes related to the vesting of restricted stock units.
Sentiment
Score: 7
Explanation: The document is a routine filing related to tax obligations, indicating normal company operations. There is nothing to suggest a positive or negative outlook.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency in the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard tax withholding procedure.
Key Dates
| Date | Description |
|---|---|
| 03/14/2025 | Date of the transaction involving the withholding of shares for tax obligations. |
| 03/17/2025 | Date of signature on the Form 4 filing. |
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