Form 4: Stagwell Director Donates Millions in Class A Stock

Stagwell Inc. Director Bradley J. Gross reported a charitable donation of over 5.3 million shares of Class A Common Stock.

Summary

• Bradley J. Gross, a Director of Stagwell Inc., reported a transaction involving the company's Class A Common Stock.
• The transaction, dated November 28, 2025, was a donation of 5,341,715 shares to a charity.
• The shares were indirectly held through Broad Street Principal Investments, L.L.C., an entity related to Goldman Sachs.
• Following this donation, Gross indirectly beneficially owns 2,293,238 shares of Class A Common Stock through other Goldman Sachs-related entities, specifically StoneBridge 2017, L.P. (1,597,531 shares), StoneBridge 2017 Offshore, L.P. (566,259 shares), and Goldman Sachs (129,448 shares).
• Gross disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The filing is a factual report of an insider stock transaction (charitable donation) and does not contain information that directly impacts the company's operational or financial performance or suggests a significant shift in sentiment.

Positives

• The director retains significant indirect beneficial ownership of 2,293,238 shares of Class A Common Stock, indicating continued alignment with shareholder interests.

Negatives

• The disposition of 5,341,715 shares of Class A Common Stock, even as a charitable donation, represents a reduction in the director's indirect beneficial ownership.

Future Outlook

The filing is a report of an insider transaction and does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing reports a routine insider transaction and does not provide information relevant to broader industry trends or competitive analysis.

Related Party Transactions

• The transaction involves shares indirectly held through Broad Street Principal Investments, L.L.C., which is directly owned by The Goldman Sachs Group, Inc. The reporting person, Bradley J. Gross, is a managing director of Goldman, Sachs & Co., a subsidiary of The Goldman Sachs Group, Inc. Other indirect beneficial ownership is also through Goldman Sachs-related entities (StoneBridge 2017, L.P., StoneBridge 2017 Offshore, L.P., and Goldman Sachs directly).

Stakeholder Impact

• Shareholders: The director's indirect beneficial ownership has decreased by 5,341,715 shares, though a substantial indirect holding of 2,293,238 shares remains.
• Charity: The unnamed charity is the direct beneficiary of the 5,341,715 Class A Common Stock donation.

Key Dates

Keywords

Stagwell Inc., STGW, Form 4, insider transaction, beneficial ownership, director, stock donation, Class A Common Stock, Goldman Sachs