Form 4: MarketWise General Counsel Scott D. Forney Reports Tax Withholding Transaction
SEC Form 4 Filing
Scott D. Forney, General Counsel of MarketWise, Inc., reports a transaction involving the withholding of shares to cover tax obligations related to vested restricted stock units.
Summary
- On July 19, 2024, Scott D. Forney, the General Counsel of MarketWise, Inc., reported a transaction on SEC Form 4.
- The transaction involved the withholding of 1,502 shares of Class A Common Stock by the issuer to satisfy tax withholding obligations.
- The price per share for the withholding was $1.12.
- Following the transaction, Forney directly owns 387,940 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to tax withholding, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's stock. This specific filing relates to tax obligations.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard tax withholding process.
Key Dates
| Date | Description |
|---|---|
| 07/19/2024 | Date of the transaction (tax withholding). |
| 07/22/2024 | Date of signature on the report. |
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