Form 4: Stagwell Director Donates 5.3 Million Shares to Charity

Stagwell Inc. Director Bradley J. Gross reported a future donation of 5,341,715 Class A Common Stock shares to a charity, reducing his direct ownership to zero.

Summary

• Bradley J. Gross, a Director of Stagwell Inc. (STGW), reported a transaction involving the disposition of Class A Common Stock.
• The transaction, dated September 4, 2025, represents a donation of 5,341,715 shares to a charity.
• Following this donation, Mr. Gross's direct beneficial ownership of Stagwell Inc. Class A Common Stock will be 0 shares.
• Mr. Gross retains indirect beneficial ownership of 7,655,879 shares through various Goldman Sachs-related entities, including Broad Street Principal Investments, L.L.C. (5,341,715 shares), StoneBridge 2017, L.P. (1,597,531 shares), StoneBridge 2017 Offshore, L.P. (566,259 shares), and additional shares directly owned by Goldman Sachs and indirectly by The Goldman Sachs Group, Inc. (150,374 shares).
• The reported price for the disposed shares was $0, consistent with a charitable donation.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While a director's direct ownership is reduced, it is due to a charitable donation rather than a sale for profit, and significant indirect ownership remains. This type of transaction does not inherently signal positive or negative operational performance.

Negatives

• The transaction reduces the direct beneficial ownership of a company director by 5,341,715 shares, which could be perceived as a decrease in direct insider 'skin in the game'.

Future Outlook

The filing does not provide any forward-looking statements or guidance regarding the company's future performance or strategy.

Industry Context

This filing is an insider transaction report and does not provide information directly related to broader industry trends or competitive landscape for Stagwell Inc.

Related Party Transactions

• Bradley J. Gross's indirect beneficial ownership of 7,655,879 shares is held through entities related to Goldman Sachs, where he serves as a managing director. These entities include Broad Street Principal Investments, L.L.C., StoneBridge 2017, L.P., StoneBridge 2017 Offshore, L.P., and shares directly owned by Goldman Sachs and indirectly by The Goldman Sachs Group, Inc.

Stakeholder Impact

• Shareholders: The direct ownership stake of a director is reduced, which might be viewed as a minor change in insider alignment, though significant indirect ownership persists.
• Charitable Organizations: The recipient charity benefits from the donation of over 5.3 million shares.

Key Dates

Keywords

Stagwell Inc., STGW, Bradley J. Gross, Insider Transaction, Form 4, Share Donation, Beneficial Ownership, Director, Goldman Sachs