Penn Mark Jeffery 4

What Happened
Penn Mark Jeffery, CEO of Stagwell Inc. (STGW), had 4,572,207 shares disposed of to the issuer on March 11, 2026 at $6.17 per share, for proceeds of $28,200,001. The transaction was a company repurchase of shares distributed to him — a disposition to the issuer to satisfy tax obligations arising from a prior share exchange.

Key Details

• Transaction date and price: 2026-03-11, disposition to issuer at $6.17/share; total $28,200,001.
• Transaction type/code: Disposition to issuer (repurchase to cover tax withholding).
• Shares owned after transaction: Not specified in this Form 4.
• Filing: Form 4 filed 2026-03-13 (timely relative to the reported transaction date).
• Notable footnotes:
  • F1: Repurchase was to satisfy the Reporting Person's tax obligations from an April 4, 2025 exchange that converted Class C shares (and related subsidiary interest) into Class A shares.
  • F2: The repurchase price reflects a 1% discount to the closing price on the transaction date.
  • F3: The shares are held by The Stagwell Group LLC; the Reporting Person is the controlling person of that entity.

Context
This was a tax-withholding repurchase following a prior equity exchange, not an open-market sale. Such issuer repurchases to cover tax obligations are common and typically reflect administrative needs rather than a direct trading signal about the insider's view of the company.