STOCK TITAN

[Form 4] MarketWise, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Form 4 highlights: On 24-Jul-2025, SM Energy (SM) Senior Vice President – Business Development & Land Kenneth J. Knott reported insider equity transactions. A performance share unit (PSU) award vested, issuing 3,458 common shares to Knott (Code M). To satisfy tax withholding, 843 shares were disposed of at $24.71 each (Code F). His direct holdings after settlement total 134,235 common shares.

On 25-Jul-2025 Knott also received 15,361 restricted stock units (RSUs) that vest in six equal biannual installments starting 1-Jan-2026. Each RSU converts to one common share upon vesting, bringing his derivative holdings to 15,361 RSUs.

The net effect is an incremental 2,615-share increase in direct ownership, modestly reinforcing management-shareholder alignment. Given SM’s large public float, the dollar value is immaterial at the corporate level, implying limited market impact.

Punti salienti del Modulo 4: Il 24 luglio 2025, Kenneth J. Knott, Vicepresidente Senior – Sviluppo Business e Terreni di SM Energy (SM), ha comunicato operazioni di insider trading sul capitale. Un premio in azioni a prestazioni (PSU) è maturato, assegnando a Knott 3.458 azioni ordinarie (Codice M). Per coprire le imposte dovute, sono state vendute 843 azioni al prezzo di 24,71 dollari ciascuna (Codice F). Dopo la liquidazione, il suo possesso diretto totale ammonta a 134.235 azioni ordinarie.

Il 25 luglio 2025, Knott ha inoltre ricevuto 15.361 unità di azioni vincolate (RSU) che matureranno in sei rate semestrali uguali a partire dal 1° gennaio 2026. Ogni RSU si converte in un’azione ordinaria al momento della maturazione, portando il totale delle sue partecipazioni derivanti a 15.361 RSU.

L’effetto netto è un incremento di 2.615 azioni nella proprietà diretta, rafforzando moderatamente l’allineamento tra management e azionisti. Considerando l’ampio flottante pubblico di SM, il valore in dollari è irrilevante a livello aziendale, suggerendo un impatto limitato sul mercato.

Aspectos destacados del Formulario 4: El 24 de julio de 2025, Kenneth J. Knott, Vicepresidente Senior de Desarrollo Comercial y Terrenos de SM Energy (SM), reportó transacciones de acciones internas. Se liberó una adjudicación de unidades de acciones por desempeño (PSU), otorgando 3,458 acciones ordinarias a Knott (Código M). Para cubrir la retención de impuestos, se dispusieron 843 acciones a $24.71 cada una (Código F). Sus tenencias directas después del ajuste suman 134,235 acciones ordinarias.

El 25 de julio de 2025, Knott también recibió 15,361 unidades de acciones restringidas (RSU) que se liberarán en seis cuotas iguales semestrales a partir del 1 de enero de 2026. Cada RSU se convierte en una acción ordinaria al liberarse, aumentando sus tenencias derivadas a 15,361 RSU.

El efecto neto es un aumento incremental de 2,615 acciones en la propiedad directa, reforzando modestamente la alineación entre la gerencia y los accionistas. Dado el gran flotante público de SM, el valor en dólares es insignificante a nivel corporativo, lo que implica un impacto limitado en el mercado.

Form 4 주요 내용: 2025년 7월 24일, SM Energy(SM)의 사업개발 및 토지 담당 수석 부사장 Kenneth J. Knott가 내부자 주식 거래를 보고했습니다. 성과 주식 단위(PSU) 보상이 만료되어 Knott에게 3,458 보통주가 발행되었습니다(코드 M). 세금 원천징수를 위해 843주가 주당 $24.71에 처분되었습니다(코드 F). 정산 후 그의 직접 보유 주식은 총 134,235 보통주입니다.

2025년 7월 25일, Knott는 또한 2026년 1월 1일부터 시작하여 6회에 걸쳐 반기별로 균등 분할되어 만기되는 15,361 제한 주식 단위(RSU)를 받았습니다. 각 RSU는 만기 시 1주 보통주로 전환되며, 그의 파생 보유 주식은 15,361 RSU가 됩니다.

순효과는 직접 소유가 2,615주 증가한 것으로, 경영진과 주주 간의 정렬을 다소 강화합니다. SM의 큰 공개 주식 수를 고려할 때, 기업 차원에서 금전적 가치는 미미하여 시장에 미치는 영향도 제한적임을 의미합니다.

Points clés du formulaire 4 : Le 24 juillet 2025, Kenneth J. Knott, Vice-président senior – Développement commercial et foncier de SM Energy (SM), a déclaré des transactions d’initiés sur actions. Une attribution d’unités d’actions de performance (PSU) est arrivée à échéance, délivrant 3 458 actions ordinaires à Knott (Code M). Pour couvrir la retenue d’impôt, 843 actions ont été cédées à 24,71 $ chacune (Code F). Ses avoirs directs après règlement s’élèvent à 134 235 actions ordinaires.

Le 25 juillet 2025, Knott a également reçu 15 361 unités d’actions restreintes (RSU) qui seront acquises en six versements semestriels égaux à partir du 1er janvier 2026. Chaque RSU se convertit en une action ordinaire à l’acquisition, portant ses avoirs dérivés à 15 361 RSU.

L’effet net est une augmentation de 2 615 actions dans la propriété directe, renforçant modestement l’alignement entre la direction et les actionnaires. Étant donné le flottant public important de SM, la valeur en dollars est négligeable au niveau de l’entreprise, ce qui implique un impact limité sur le marché.

Formular 4 Highlights: Am 24. Juli 2025 meldete Kenneth J. Knott, Senior Vice President – Business Development & Land bei SM Energy (SM), Insider-Aktientransaktionen. Eine Performance-Aktieneinheit (PSU) wurde fällig, wodurch Knott 3.458 Stammaktien zugewiesen wurden (Code M). Zur Deckung der Steuerabzüge wurden 843 Aktien zu je 24,71 USD veräußert (Code F). Nach der Abwicklung hält er direkt 134.235 Stammaktien.

Am 25. Juli 2025 erhielt Knott außerdem 15.361 Restricted Stock Units (RSUs), die in sechs gleichen halbjährlichen Tranchen ab dem 1. Januar 2026 vesten. Jede RSU wandelt sich bei Vesting in eine Stammaktie um, womit seine derivativen Bestände 15.361 RSUs betragen.

Die Nettoauswirkung ist eine Erhöhung des Direktbesitzes um 2.615 Aktien, was die Ausrichtung zwischen Management und Aktionären leicht stärkt. Angesichts des großen Streubesitzes von SM ist der Dollarwert auf Unternehmensebene unerheblich, was auf eine begrenzte Marktwirkung hinweist.

Positive
  • Executive retained 3,458 vested shares, increasing direct ownership by 2,615 after tax settlement, indicating confidence in SM stock.
  • 15,361 new RSUs vest gradually through 2028, reinforcing long-term incentive alignment between management and shareholders.
Negative
  • 843 shares were sold/withheld to cover taxes, a minor dilution of the gross vesting amount.
  • Transaction size is immaterial relative to float, offering little insight into broader company fundamentals.

Insights

TL;DR: Routine insider vesting; negligible impact on valuation.

The filing reflects scheduled PSU vesting and routine tax withholding, resulting in a small net share addition for the executive. The RSU grant merely formalizes part of Knott’s annual compensation package. With only ~2,600 net shares involved versus SM’s ~126 million share count, dilution and trading impact are immaterial. I classify this as neutral information for equity valuation purposes.

TL;DR: Slightly positive for alignment; no governance red flags.

The executive retains the majority of vested shares and accepts multi-year RSU vesting, signalling commitment to long-term performance. No accelerated vesting or unusual dispositions appear. While the stake increase is small, it nudges insider ownership higher and supports incentive alignment, earning a modest positive governance score.

Punti salienti del Modulo 4: Il 24 luglio 2025, Kenneth J. Knott, Vicepresidente Senior – Sviluppo Business e Terreni di SM Energy (SM), ha comunicato operazioni di insider trading sul capitale. Un premio in azioni a prestazioni (PSU) è maturato, assegnando a Knott 3.458 azioni ordinarie (Codice M). Per coprire le imposte dovute, sono state vendute 843 azioni al prezzo di 24,71 dollari ciascuna (Codice F). Dopo la liquidazione, il suo possesso diretto totale ammonta a 134.235 azioni ordinarie.

Il 25 luglio 2025, Knott ha inoltre ricevuto 15.361 unità di azioni vincolate (RSU) che matureranno in sei rate semestrali uguali a partire dal 1° gennaio 2026. Ogni RSU si converte in un’azione ordinaria al momento della maturazione, portando il totale delle sue partecipazioni derivanti a 15.361 RSU.

L’effetto netto è un incremento di 2.615 azioni nella proprietà diretta, rafforzando moderatamente l’allineamento tra management e azionisti. Considerando l’ampio flottante pubblico di SM, il valore in dollari è irrilevante a livello aziendale, suggerendo un impatto limitato sul mercato.

Aspectos destacados del Formulario 4: El 24 de julio de 2025, Kenneth J. Knott, Vicepresidente Senior de Desarrollo Comercial y Terrenos de SM Energy (SM), reportó transacciones de acciones internas. Se liberó una adjudicación de unidades de acciones por desempeño (PSU), otorgando 3,458 acciones ordinarias a Knott (Código M). Para cubrir la retención de impuestos, se dispusieron 843 acciones a $24.71 cada una (Código F). Sus tenencias directas después del ajuste suman 134,235 acciones ordinarias.

El 25 de julio de 2025, Knott también recibió 15,361 unidades de acciones restringidas (RSU) que se liberarán en seis cuotas iguales semestrales a partir del 1 de enero de 2026. Cada RSU se convierte en una acción ordinaria al liberarse, aumentando sus tenencias derivadas a 15,361 RSU.

El efecto neto es un aumento incremental de 2,615 acciones en la propiedad directa, reforzando modestamente la alineación entre la gerencia y los accionistas. Dado el gran flotante público de SM, el valor en dólares es insignificante a nivel corporativo, lo que implica un impacto limitado en el mercado.

Form 4 주요 내용: 2025년 7월 24일, SM Energy(SM)의 사업개발 및 토지 담당 수석 부사장 Kenneth J. Knott가 내부자 주식 거래를 보고했습니다. 성과 주식 단위(PSU) 보상이 만료되어 Knott에게 3,458 보통주가 발행되었습니다(코드 M). 세금 원천징수를 위해 843주가 주당 $24.71에 처분되었습니다(코드 F). 정산 후 그의 직접 보유 주식은 총 134,235 보통주입니다.

2025년 7월 25일, Knott는 또한 2026년 1월 1일부터 시작하여 6회에 걸쳐 반기별로 균등 분할되어 만기되는 15,361 제한 주식 단위(RSU)를 받았습니다. 각 RSU는 만기 시 1주 보통주로 전환되며, 그의 파생 보유 주식은 15,361 RSU가 됩니다.

순효과는 직접 소유가 2,615주 증가한 것으로, 경영진과 주주 간의 정렬을 다소 강화합니다. SM의 큰 공개 주식 수를 고려할 때, 기업 차원에서 금전적 가치는 미미하여 시장에 미치는 영향도 제한적임을 의미합니다.

Points clés du formulaire 4 : Le 24 juillet 2025, Kenneth J. Knott, Vice-président senior – Développement commercial et foncier de SM Energy (SM), a déclaré des transactions d’initiés sur actions. Une attribution d’unités d’actions de performance (PSU) est arrivée à échéance, délivrant 3 458 actions ordinaires à Knott (Code M). Pour couvrir la retenue d’impôt, 843 actions ont été cédées à 24,71 $ chacune (Code F). Ses avoirs directs après règlement s’élèvent à 134 235 actions ordinaires.

Le 25 juillet 2025, Knott a également reçu 15 361 unités d’actions restreintes (RSU) qui seront acquises en six versements semestriels égaux à partir du 1er janvier 2026. Chaque RSU se convertit en une action ordinaire à l’acquisition, portant ses avoirs dérivés à 15 361 RSU.

L’effet net est une augmentation de 2 615 actions dans la propriété directe, renforçant modestement l’alignement entre la direction et les actionnaires. Étant donné le flottant public important de SM, la valeur en dollars est négligeable au niveau de l’entreprise, ce qui implique un impact limité sur le marché.

Formular 4 Highlights: Am 24. Juli 2025 meldete Kenneth J. Knott, Senior Vice President – Business Development & Land bei SM Energy (SM), Insider-Aktientransaktionen. Eine Performance-Aktieneinheit (PSU) wurde fällig, wodurch Knott 3.458 Stammaktien zugewiesen wurden (Code M). Zur Deckung der Steuerabzüge wurden 843 Aktien zu je 24,71 USD veräußert (Code F). Nach der Abwicklung hält er direkt 134.235 Stammaktien.

Am 25. Juli 2025 erhielt Knott außerdem 15.361 Restricted Stock Units (RSUs), die in sechs gleichen halbjährlichen Tranchen ab dem 1. Januar 2026 vesten. Jede RSU wandelt sich bei Vesting in eine Stammaktie um, womit seine derivativen Bestände 15.361 RSUs betragen.

Die Nettoauswirkung ist eine Erhöhung des Direktbesitzes um 2.615 Aktien, was die Ausrichtung zwischen Management und Aktionären leicht stärkt. Angesichts des großen Streubesitzes von SM ist der Dollarwert auf Unternehmensebene unerheblich, was auf eine begrenzte Marktwirkung hinweist.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Galsim Marco

(Last) (First) (Middle)
C/O MARKETWISE
1125 N. CHARLES ST.

(Street)
BALTIMORE MD 21201

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
MARKETWISE, INC. [ MKTW ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Information Officer
3. Date of Earliest Transaction (Month/Day/Year)
07/21/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 07/21/2025(1) F(2) 326 D $18.22 37,006 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. The filing date is due to an inadvertent administrative error and not any error of the reporting person.
2. This transaction is not a sale of shares by the Reporting Person. This represents shares that have been withheld by the Issuer to satisfy its tax withholdings and remittance obligations in connection with the vesting and net settlement of previously reported restricted stock units.
Remarks:
/s/ Scott Forney, Attorney-in-Fact 07/25/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider activity did SM Energy (SM) report on July 24-25 2025?

SVP Kenneth Knott received 3,458 shares from a PSU vesting, disposed of 843 shares for taxes, and was granted 15,361 RSUs.

How many SM Energy shares does Kenneth Knott own after the Form 4 filing?

He directly owns 134,235 common shares and holds 15,361 RSUs.

What is the vesting schedule for the 15,361 RSUs granted to Knott?

Six equal biannual installments beginning 1-Jan-2026; shares deliver upon vesting or retirement.

Did Kenneth Knott sell any SM stock in this filing?

Yes, 843 shares were disposed of at $24.71 solely to cover tax withholding (Code F).

Is the reported insider transaction material to SM Energy’s share count?

No. The net 2,615-share increase is negligible versus the company’s multi-million-share float and should not move the stock.
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