Lanuto Frank P 4

What Happened
Frank P. Lanuto, Executive Vice President, Finance of Stagwell Inc. (STGW), disposed of 40,534 shares to the issuer on March 11, 2026. The reported price was $6.17 per share for a reported total of $250,002. The Form 4 lists the transaction as a disposition to the issuer (transaction code D) — meaning the company repurchased the shares from the reporting person rather than an open-market sale.

Key Details

• Transaction date: March 11, 2026; Filing date: March 13, 2026 (timely filing).
• Reported amount: 40,534 shares at $6.17 per share; total reported value $250,002.
• Transaction code: D (Disposition to issuer — company repurchase).
• Footnote F1: Confirms these shares were repurchased by the issuer.
• Footnote F2: Price reflects a 1% discount to the closing price of Class A common stock on the transaction date.
• Shares owned after the transaction: Not specified in the provided filing summary.
• No 10b5-1 plan, gift, or option exercise was indicated in the provided notes.

Context
A disposition to the issuer is effectively a sale back to the company (often part of a repurchase or buyback arrangement) and is usually considered routine rather than a clear signal of insider sentiment. For retail investors tracking insider activity, purchases tend to be more informative than repurchases/sales. This transaction involved about $250k of value and does not, by itself, indicate a change in company outlook.