MarketWise will pay a one-time cash settlement of $12,160,000 to former CEO Mark P. Arnold. The company will redeem and cancel 520,867 common units of MarketWise, LLC and corresponding Class B common stock held by the Arnold Parties. The Arnold Parties have waived all rights to future payments under the Tax Receivables Agreement (TRA) dated July 21, 2021. The agreement includes mutual general releases of all claims related to the Arbitration, the Delaware Action, and the Advancement Action. MarketWise will indemnify Mr. Arnold for certain tax implications related to the underlying claims.