MarketWise Insider Activity: Minor RSU Tax Withholding Reported

Rhea-AI Filing Summary

MarketWise, Inc. (MKTW) – Form 4 filing (07/25/2025)

General Counsel Scott D. Forney reported an automatic share withholding related to the vesting and net-settlement of previously disclosed RSUs. On 07/21/2025, the issuer withheld 76 Class A common shares at an implied price of $18.22 per share (transaction code F) to cover statutory tax obligations. The action reduced the officer’s direct holdings marginally to 19,239 shares; no open-market sale or purchase occurred. The filer notes the Form 4 was submitted late due to an administrative oversight, not by the reporting person. No derivative security activity, option exercise, or insider selling was disclosed. Given the de minimis share count (≈0.4% of Forney’s post-transaction holdings) and its routine tax-withholding nature, the transaction is unlikely to influence ownership structure, float, or investor sentiment.

Insights

Securities Analyst

TL;DR: Routine tax withholding; no directional signal.

The filing reflects a standard RSU vesting settlement: 76 shares (≈$1.4 k) withheld for taxes, leaving 19,239 shares owned. No open-market activity, no derivatives, no insider disposition intent. Such small size and administrative lateness are immaterial to liquidity or insider-sentiment reads. I view the disclosure as neutral; it neither strengthens nor weakens the investment case.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Forney Scott Daniel

Role General Counsel

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock	76	$18.22	$1K

Holdings After Transaction: Class A Common Stock — 19,239 shares (Direct)

Footnotes (1)

1. The filing date is due to an inadvertent administrative error and not any error of the reporting person. 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.

Form 4 Insider Transactions: What Each Field Means →

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^*

Forney Scott Daniel

(Last) (First) (Middle)

C/O MARKETWISE

1125 N. CHARLES STREET

(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)
	General Counsel

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)		76	D	$18.22	19,239	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 D. Forney	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 did MarketWise insider Scott Forney report in the Form 4?

He disclosed 76 Class A shares withheld by the company on 07/21/2025 to satisfy taxes from RSU vesting.

Did the Form 4 indicate an open-market sale of MKTW shares?

No. The code "F" shows automatic tax withholding; no shares were sold by the insider.

How many MarketWise shares does Scott Forney now own?

After the settlement, he directly owns 19,239 Class A shares.

Why was the filing submitted late?

The company cites an administrative error; the delay was not attributable to the reporting person.

Is the reported transaction material to MarketWise investors?

Given the small share count (≈0.4% of Forney's holdings) and tax-withholding nature, it is not material.