# EDGAR Filing Document

**Accession Number:** 0000876883
**File Stem:** 0001104659-25-072736
**Filing Date:** 2025-7
**Character Count:** 24953
**Document Hash:** 23f074e41b391ea0f7e90cceeb3c4a16
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-072736.hdr.sgml**: 20250731

**ACCESSION NUMBER**: 0001104659-25-072736

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 16

**FILED AS OF DATE**: 20250731

**DATE AS OF CHANGE**: 20250731

**EFFECTIVENESS DATE**: 20250731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Stagwell Inc
- **CENTRAL INDEX KEY:** 0000876883
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-ADVERTISING AGENCIES [7311]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 980364441
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-289141
- **FILM NUMBER:** 251172312

**BUSINESS ADDRESS:**
- **STREET 1:** ONE WORLD TRADE CENTER, FLOOR 65
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10007
- **BUSINESS PHONE:** 646 429 1800

**MAIL ADDRESS:**
- **STREET 1:** ONE WORLD TRADE CENTER, FLOOR 65
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10007

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MDC Stagwell Holdings Inc
- **DATE OF NAME CHANGE:** 20210729

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MDC PARTNERS INC
- **DATE OF NAME CHANGE:** 20040206

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MDC CORP INC
- **DATE OF NAME CHANGE:** 20001204

**As filed with the Securities and Exchange Commission on July 31, 2025**

**Registration No. 333-**

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM S-8**

**REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933**

**STAGWELL INC.**

(Exact name of registrant as specified in its charter)

---

| | |
|:---|:---|
| **Delaware** | **86-1390679** |
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |

---

---

| | |
|:---|:---|
| **One World Trade Center, Floor 65, New York, NY** | **10007** |
| (Address of Principal Executive Offices) | (Zip Code) |

---

**STAGWELL INC.**

**THIRD AMENDED AND RESTATED 2016 STOCK INCENTIVE PLAN**

(Full title of the plan)

**Peter McElligott**

**General Counsel**

**Stagwell Inc.**

**One World Trade Center, Floor 65**

**New York, NY 10007**

(Name and address of agent for service)

**(646) 412-6857**

(Telephone number, including area code, of agent for service)

***Copies to:***

**Andrea M. Basham, Esq.**

**Taryn C. Zucker, Esq.**

**Freshfields US LLP**

**3 World Trade Center**

**175 Greenwich Street**

**New York, NY 10007**

**(212) 277-4000**

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer ◻ Accelerated filer ⌧ <br> Non-accelerated filer ◻ Smaller Reporting Company ◻ <br> Emerging Growth Company ◻

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ◻

**EXPLANATORY NOTE**

Stagwell Inc. (the "Registrant") is filing this Registration Statement on Form S-8 for the purpose of registering an additional 20,000,000 shares (the "Shares") of Class A common stock, par value $0.001 per share, of the Company (the "Common Stock"), underlying awards that may be granted pursuant to the Stagwell Inc. Third Amended and Restated 2016 Stock Incentive Plan (the "Plan").

In accordance with Section E of the General Instructions to Form S-8, the contents of the registration statements on Form S-8 previously filed by Registrant with the Securities and Exchange Commission (the "Commission") on June 27, 2016 ([File No. 333-212261](https://www.sec.gov/Archives/edgar/data/876883/000114420416109945/v442954_s8.htm)), August 17, 2018 ([File No. 333-226895](https://www.sec.gov/Archives/edgar/data/876883/000114420418045301/tv501125_s8.htm)), June 14, 2022 ([File No. 333-265600](https://www.sec.gov/Archives/edgar/data/876883/000110465922071078/tm2215922d1_s8.htm)) and April 30, 2025 ([File No. 333-286864](https://www.sec.gov/Archives/edgar/data/876883/000110465925042638/tm2513617d1_s8.htm)) are incorporated by reference into this Registration Statement, except that the provisions contained in Part II of such previously-filed registration statements are modified as set forth in this Registration Statement.

**PART I**

**INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS**

The information specified in Item 1 and Item 2 of Part I of Form S-8 is not filed as part of this Registration Statement in accordance with the provisions of Rule 428 under the Securities Act of 1933, as amended (the "Securities Act"), and the introductory note to Part I of Form S-8.

**PART II**

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT**

**Item 3.** **Incorporation of Documents by Reference.**

The following documents, which previously have been filed by the Registrant with the Commission, are incorporated herein by reference and made a part hereof:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) [The Registrant's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 (the "Annual Report"), filed by the Registrant with the Commission on March 11, 2025;](https://www.sec.gov/ix?doc=/Archives/edgar/data/876883/000087688325000009/stgw-20241231.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) [The information specifically incorporated by reference into the Annual Report from the Registrant's definitive proxy statement on Schedule 14A, filed by the Registrant with the Commission on April 25, 2025;](https://www.sec.gov/ix?doc=/Archives/edgar/data/876883/000110465925039437/tm252463-2_def14a.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The Registrant's Quarterly Report on Form 10-Q for the fiscal quarters ended March 31, 2025 and June 30, 2025, filed by the Registrant with the Commission on [May 8, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/876883/000087688325000017/stgw-20250331.htm) and [July 31, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/876883/000087688325000024/stgw-20250630.htm), respectively;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) The Registrant's Current Reports on Form 8-K, filed by the Registrant with the Commission on [April 2, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/876883/000110465925030920/tm2511148d1_8k.htm) (solely with respect to Item 8.01 therein), [April 24, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/876883/000110465925038729/tm2513100d1_8k.htm), [May 6, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/876883/000110465925045113/tm2514178d1_8k.htm), [June 17, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/876883/000110465925060304/tm2518230d1_8k.htm) and [July 8, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/876883/000110465925066298/tm2520024d1_8k.htm) (solely with respect to Item 5.02 thereof); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) The description of the Registrant's capital stock contained in the Registrant's Current Report on Form 8-K12B, filed by the Registrant with the Commission on [July 30, 2021](https://www.sec.gov/ix?doc=/Archives/edgar/data/876883/000110465921097838/tm2123592d1_8k12b.htm), as updated by Exhibit 4.3 to the Registrant's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, filed by the Registrant with the Commission on [March 11, 2024](http://www.sec.gov/Archives/edgar/data/876883/000087688324000007/exhibit43-descriptionofsec.htm), together with any amendment or report filed for the purpose of updating such description.

All reports and other documents filed by the Registrant pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act (excluding any information furnished pursuant to Item 2.02 or Item 7.01 of any Current Report on Form 8-K) subsequent to the date of this Registration Statement and prior to the filing of a post-effective amendment hereto that indicates that all securities offered hereunder have been sold or that deregisters all securities remaining unsold shall be deemed to be incorporated by reference in this Registration Statement and to be a part hereof from the date of filing of such documents.

For purposes of this Registration Statement, any statement contained in a document incorporated or deemed to be incorporated herein by reference shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document that also is or is deemed to be incorporated herein by reference modifies or supersedes such statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.

**Item 4.** **Description of Securities.**

Not required to be filed with this Registration Statement in accordance with Section E of the General Instructions to Form S-8.

**Item 5.** **Interests of Named Experts and Counsel.**

Not required to be filed with this Registration Statement in accordance with Section E of the General Instructions to Form S-8.

**Item 6.** **Indemnification of Directors and Officers.**

Not required to be filed with this Registration Statement in accordance with Section E of the General Instructions to Form S-8.

**Item 7.** **Exemption From Registration Claimed.**

Not applicable.

**Item 8.** **Exhibits.**

---

| | | |
|:---|:---|:---|
| **Exhibit No.** | **Description** | **Method of Filing** |
| [4.1](https://www.sec.gov/Archives/edgar/data/876883/000162828023016716/exhibit31.htm) | [Second Amended and Restated Certificate of Incorporation, as amended.](https://www.sec.gov/Archives/edgar/data/876883/000162828023016716/exhibit31.htm) | [Incorporated by reference to Exhibit 3.1 to the Registrant's Annual Report on Form 10-Q filed on May 9, 2023.](https://www.sec.gov/Archives/edgar/data/876883/000162828023016716/exhibit31.htm) |
| [4.2](https://www.sec.gov/Archives/edgar/data/876883/000110465921098992/tm2123756d1_ex3-2.htm) | [Amended and Restated Bylaws of Stagwell Inc.](https://www.sec.gov/Archives/edgar/data/876883/000110465921098992/tm2123756d1_ex3-2.htm) | [Incorporated by reference to Exhibit 3.2 to the Registrant's Current Report on Form 8-K filed on August 2, 2021.](https://www.sec.gov/Archives/edgar/data/876883/000110465921098992/tm2123756d1_ex3-2.htm) |
| [4.3](https://www.sec.gov/Archives/edgar/data/876883/000110465925060304/tm2518230d1_ex10-1.htm) | [Stagwell Inc. Third Amended and Restated 2016 Stock Incentive Plan.](https://www.sec.gov/Archives/edgar/data/876883/000110465925060304/tm2518230d1_ex10-1.htm) | [Incorporated by reference to Exhibit 10.1 to the Registrant's Current Report on Form 8-K filed on June 17, 2025.](https://www.sec.gov/Archives/edgar/data/876883/000110465925060304/tm2518230d1_ex10-1.htm) |
| [5.1](tm2522142d1_ex5-1.htm) | [Opinion of Freshfields US LLP as to the legality of the Shares registered hereunder.](tm2522142d1_ex5-1.htm) | [Filed herewith.](tm2522142d1_ex5-1.htm) |
| [23.1](tm2522142d1_ex5-1.htm) | [Consent of Freshfields US LLP.](tm2522142d1_ex5-1.htm) | [Included in Exhibit 5.1.](tm2522142d1_ex5-1.htm) |
| [23.2](tm2522142d1_ex23-2.htm) | [Consent of PricewaterhouseCoopers LLP, independent auditors.](tm2522142d1_ex23-2.htm) | [Filed herewith.](tm2522142d1_ex23-2.htm) |
| [23.3](tm2522142d1_ex23-3.htm) | [Consent of Deloitte & Touche LLP, independent auditors.](tm2522142d1_ex23-3.htm) | [Filed herewith.](tm2522142d1_ex23-3.htm) |
| [24.1](#a_001) | [Power of Attorney.](#a_001) | [Included on the signature page to this Registration Statement.](#a_001) |
| [107](tm2522142d1_exfilingfees.htm) | [Filing Fee Table.](tm2522142d1_exfilingfees.htm) | [Filed herewith.](tm2522142d1_exfilingfees.htm) |

---

**Item 9.** **Undertakings.**

Not required to be filed with this Registration Statement in accordance with Section E of the General Instructions to Form S-8.

**SIGNATURES**

Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New York, on the 31st day of July, 2025.

---

| | | |
|:---|:---|:---|
| **STAGWELL INC.** | **STAGWELL INC.** | **STAGWELL INC.** |
| By: | /s/ Ryan Greene | /s/ Ryan Greene |
|  | Name: | Ryan Greene |
|  | Title: | Chief Financial Officer |

---

**POWER OF ATTORNEY**

Each person whose signature appears below on this Registration Statement hereby constitutes and appoints Ryan Greene and Edmund Graff with full power to act as his or her true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities (unless revoked in writing) to sign any and all amendments (including post-effective amendments thereto) to this Registration Statement to which this power of attorney is attached, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting to such attorney-in-fact and agents full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as full to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that such attorney-in-fact and agents, or their or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

This Power of Attorney may be executed in multiple counterparts, each of which shall be deemed an original, but which taken together shall constitute one instrument.

Pursuant to the requirements of the Securities Act, this Form S-8 Registration Statement has been signed by the following persons in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| /s/ Ryan Greene | Chief Financial Officer<br> (Principal Financial Officer) | July 31, 2025 |
| Ryan Greene |  |  |
| /s/ Vincenzo DiMaggio | Chief Accounting Officer<br> (Principal Accounting Officer) | July 31, 2025 |
| Vincenzo DiMaggio |  |  |
| /s/ Mark Penn | Chairman of the Board and Chief Executive Officer<br> (Principal Executive Officer) | July 31, 2025 |
| Mark Penn |  |  |
| /s/ Charlene Barshefsky | Director | July 31, 2025 |
| Ambassador Charlene Barshefsky |  |  |
| /s/ Bradley Gross | Director | July 31, 2025 |
| Bradley Gross |  |  |
| /s/ Wade Oosterman | Director | July 31, 2025 |
| Wade Oosterman |  |  |

---

---

| | | |
|:---|:---|:---|
| /s/ Desirée Rogers | Director | July 31, 2025 |
| Desirée Rogers |  |  |
| /s/ Eli Samaha | Director | July 31, 2025 |
| Eli Samaha |  |  |
| /s/ Irwin D. Simon | Director | July 31, 2025 |
| Irwin D. Simon |  |  |
| /s/ Rodney Slater | Director | July 31, 2025 |
| Secretary Rodney Slater |  |  |
| /s/ Brandt Vaughan | Director | July 31, 2025 |
| Brandt Vaughan |  |  |

---

## Exhibit 5.1

**Exhibit 5.1**

![](tm2513617d1_ex5-1img001.jpg)

---

| |
|:---|
| **New York** |
| 3 World Trade Center |
| 175 Greenwich Street |
| New York, NY 10007 |
| **T** +1 (212) 277-4000 |

---

---

| | |
|:---|:---|
| Stagwell Inc. |  |
| One World Trade Center, Floor 65 | **freshfields.us** |
| New York, NY 10007 |  |

---

July 31, 2025

Ladies and Gentlemen:

Stagwell Inc., a Delaware corporation (the "***Company***"), has filed with the Securities and Exchange Commission a Registration Statement on Form S-8 (the "***Registration Statement***") for the purpose of registering under the Securities Act of 1933, as amended (the "***Securities Act***"), 20,000,000 shares of its Class A common stock, par value $0.001 per share (the "***Common Stock***"), that may be issued under the Company's Third Amended and Restated 2016 Stock Incentive Plan (the "***Plan***").

We, as your counsel, have examined originals or copies of such documents, corporate records, certificates of public officials and other instruments as we have deemed necessary or advisable for the purpose of rendering this opinion.

In rendering the opinion expressed herein, we have, without independent inquiry or investigation, assumed that (i) all documents submitted to us as originals are authentic and complete, (ii) all documents submitted to us as copies conform to authentic, complete originals, (iii) all signatures on all documents that we reviewed are genuine, (iv) all natural persons executing documents had and have the legal capacity to do so, (v) all statements in certificates of public officials and officers of the Company that we reviewed were and are accurate and (vi) all representations made by the Company as to matters of fact in the documents that we reviewed were and are accurate.

Based upon the foregoing, and subject to the additional assumptions and qualifications set forth below, we advise you that, in our opinion, as of the date hereof, the shares of Common Stock issuable under the Plan have been duly authorized and, when and to the extent issued, delivered and paid for in accordance with the Plan, will be validly issued, fully paid and non-assessable.

![](tm2513617d1_ex5-1img001.jpg)

Stagwell Inc. <br>2/2

We are members of the Bar of the State of New York, and the foregoing opinion is limited to the General Corporation Law of the State of Delaware. We express no opinion with regard to the applicability or effect of the laws of any jurisdiction other than the General Corporation Law of the State of Delaware, as in effect on the date of this opinion letter.

This opinion letter is rendered solely in connection with the issuance and delivery of the shares of Common Stock as described in the Registration Statement and in accordance with the terms of the Plan and the applicable award agreement or form of instrument evidencing purchase rights thereunder. This opinion letter is rendered as of the date hereof, and we assume no obligation to advise you or any other person with regard to any change after the date hereof in the circumstances or the law that may bear on the matters set forth herein, even if the change may affect the legal analysis or a legal conclusion or other matters in this opinion letter.

We hereby consent to the filing of this opinion as an exhibit to the Registration Statement. In giving this consent, we do not admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act.

Very truly yours,

/s/ Freshfields US LLP

## Exhibit 23.2

**Exhibit 23.2**

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the incorporation by reference in this Registration Statement on Form S-8 of Stagwell Inc. of our report dated March 11, 2025 relating to the financial statements, financial statement schedule and the effectiveness of internal control over financial reporting, which appears in Stagwell Inc.'s Annual Report on Form 10-K for the year ended December 31, 2024.

/s/ PricewaterhouseCoopers LLP<br> New York, New York<br> July 31, 2025

## Exhibit 23.3

**Exhibit 23.3**

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We consent to the incorporation by reference in this Form S-8 of our report dated March 6, 2023 (March 11, 2024 as to the effects of the restatement of the 2022 financial statements to correct errors identified in 2023), relating to the financial statements and the related notes and schedules listed in the Index at Item 15 of Stagwell Inc. (the "Company"), appearing in the Annual Report on Form 10-K for the year ended December 31, 2024.

/s/ Deloitte & Touche LLP

New York, NY

July 31, 2025

## Ex-Filing

?xml version='1.0' encoding='ASCII'? EX-FILING FEES

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Calculation of Filing Fee Tables**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **S-8**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Stagwell Inc**  |

---

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Security Type**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Security Class Title**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Fee Calculation Rule**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Amount Registered**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Proposed Maximum Offering Price Per Unit**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Maximum Aggregate Offering Price**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Fee Rate**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Amount of Registration Fee**  |
| 1 | Equity | Class A Common Stock, par value of $0.001 per share, to be issued in connection with the Stagwell Inc. Third Amended and Restated 2016 Stock Incentive Plan | 457(a) | 20000000 | $5.25 | $105000000.00 | 0.0001531 | $16075.50 |
| Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: |  | $105000000.00  |  | $16075.50  |
| Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  |  |  |  | $0.00  |
| Net Fee Due:  | Net Fee Due:  | Net Fee Due:  | Net Fee Due:  | Net Fee Due:  |  |  |  | $16075.50  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Offering Note** <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <sup>1</sup> (1) Pursuant to Rule 416(a) promulgated under the Securities Act of 1933, as amended (the "Securities Act"), this Registration Statement shall also cover an indeterminate number of shares of additional Class A Common Stock ("Shares") that may be necessary to adjust the number of Shares reserved for issuance pursuant to the Stagwell Inc. Third Amended and Restated 2016 Stock Incentive Plan by reason of any share dividend, share split, recapitalization or other similar transaction effected without receipt of consideration that increases the number of outstanding shares of Class A common stock. (2) Estimated in accordance with Rules 457(c) and 457(h) under the Securities Act, solely for the purpose of calculating the registration fee, based on the average of the high and low sales prices per share of common stock as reported on the Nasdaq Global Select Market on July 24, 2025.