Company: STGW
Filing Date: 2025-04-08
Form Type: SCHEDULE 13D/A
Source: 0001437749-25-011462
Chunk: 0

Company: Stagwell Inc
Filing Date: 2025-04-08
Form: SCHEDULE 13D/A
Chunk 0
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 As of the date hereof, Mark J. Penn directly holds 8,802,322 shares of Class A Common Stock, of which (i) 6,626,401 were distributed to Mr. Penn in the Distribution and (ii) 640,988 are unvested shares of restricted stock that are not scheduled to vest until March 1, 2026, subject to achievement of financial performance targets and continued employment. In addition, as of the date hereof, Mr. Penn directly holds (A) 191,733 restricted stock units that are not scheduled to vest until March 7, 2026, subject to continued employment (B) 1,500,000 SARs granted on December 14, 2021 with a base price of $8.27 per share, all of which are vested and exercisable as of the date hereof, and (C) 225,000 SARs granted on March 1, 2023 with a base price of $6.79 per share, of which 150,000 are vested and exercisable as of the date hereof and 75,000 vest on March 1, 2026. 
 Stagwell Group is the general partner and manager of Stagwell Media and is the manager of Stagwell Agency Holdings LLC, which is a subsidiary of Stagwell Media. Mark J. Penn is the controlling person of Stagwell Group. Mark J. Penn is the controlling person of Stagwell Media.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
 To the best knowledge of the Reporting Persons, none of the individuals named in Item 2 beneficially owns any shares of Class A Common Stock except as described herein.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
 Subpart (c) of Item 5 of the Schedule 13D is hereby amended and restated as follows:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
 No transactions in shares of Class A Common Stock were effected by any Reporting Person during the sixty days before the date hereof, except as set forth in Amendment No. 14 and this Amendment No. 15.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
 Neither the filing of this Amendment No. 15 nor any of its contents shall be deemed to constitute an admission that any of the Reporting Persons is the beneficial owner of any securities covered by this statement for purposes of Section 13(d) of the Exchange Act, or for any other purpose, except to the extent of its or his pecuniary interest therein, if any