Stansberry Frank Porter 4

What Happened

• Frank Porter Stansberry, listed as a 10% owner of MarketWise, purchased a total of 40,373 shares in open-market transactions on March 19–20, 2026. The three reported buys were 23,103 shares at a weighted avg price of $14.28 ($329,911), 10,000 shares at $14.78 ($147,800), and 7,270 shares at $15.76 ($114,575). Total reported cash outlay was approximately $592,286. These were purchases (buys), which investors often watch as a potentially positive signal, though the filing does not disclose the buyer’s motivation.

Key Details

• Transaction dates: Mar 19, 2026 (23,103 shs); Mar 20, 2026 (10,000 shs and 7,270 shs). Filing date: Mar 23, 2026 (timely within Form 4 deadlines).
• Reported amounts and values: 23,103 shs @ weighted avg $14.28 = $329,911; 10,000 shs @ $14.78 = $147,800; 7,270 shs @ $15.76 = $114,575. Total ≈ $592,286.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Notable footnotes: Reported prices are weighted averages from multiple trades on each day. Mar 19 trades ranged $13.79–$14.74; one Mar 20 block ranged $14.63–$14.92; the other Mar 20 block ranged $15.02–$16.00. The filer will provide a per-trade breakdown to the issuer, shareholders, or SEC staff on request.
• Timeliness: Filing appears timely (transactions on Mar 19–20, Form 4 filed Mar 23).

Context

• As a 10% owner, Stansberry is a large shareholder rather than an ordinary employee-level insider; such institutional or sizable-holder purchases can be interpreted differently than executive buys. These were open-market purchases (transaction code P), not option exercises or gifts. Purchases indicate the buyer added to their stake but do not guarantee future performance or reveal the buyer’s reasons.