M&A - Stagwell Group LLC

Form Type: SCHEDULE 13D/A

Filing Date: 2025-04-02

Corporate Action: Acquisition

Type: Update

Accession Number: 000143774925010813

Filing Summary: On April 2, 2025, Stagwell Media completed an Exchange with Stagwell Inc, where it delivered a Notice of Exercise of Exchange Right, exchanging all of its 151,648,741 shares of Class C Common Stock for an equal number of shares of Class A Common Stock. This transaction is intended for distribution to limited partners. The Exchange nullified the structure under which Stagwell Media held various economic interests and shares in the operating subsidiary, Stagwell Global LLC, but did not alter the voting power or the overall number of shares Stagwell Media could receive for Class A Common Stock. Post-exchange, Stagwell Media holds no shares of Class C Common Stock. The document clarifies ownership percentages and rights concerning Class A Common Stock by various reporting persons, including Mark J. Penn and The Stagwell Group LLC, which now directly holds 130,000 shares of Class A Common Stock. The filing also indicates no other transactions in shares of Class A Common Stock occurred by any Reporting Person in the sixty days prior to this report.

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