MarketWise director buys 51,375 shares of stock

MARKETWISE, INC. director and ten percent owner Frank Porter Stansberry reported open-market purchases of Class A Common Stock.

Accepted by SEC EDGAR 05/12/2026 - 05:31 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

MARKETWISE, INC. director and ten percent owner Frank Porter Stansberry reported open-market purchases of Class A Common Stock. Across four transactions on May 8 and May 11, he bought a total of 51,375 shares at reported prices of $17.15, $19.22, $19.93, and $18.89 per share, some disclosed as weighted average prices over specified trading ranges. Following these buys, he directly owns 301,756 Class A shares.

Insider Trade Summary

Net Buyer: 51,375 shares

Net Buy 4 txns

Insider Stansberry Frank Porter

Role Director, 10% Owner

Bought 51,375 shs ($975K)

Increase in Position 20.5%

Type	Security	Shares	Price	Value
Purchase	Class A Common Stock	10,000	$18.89	$189K
Purchase	Class A Common Stock	11,000	$17.15	$189K
Purchase	Class A Common Stock	11,749	$19.22	$226K
Purchase	Class A Common Stock	18,626	$19.93	$371K

Holdings After Transaction: Class A Common Stock — 301,756 shares (Direct)

Holdings Before and After: Class A Common Stock, 250,381 to 301,756 shares (Direct)

Footnotes (4)

1. F1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions ranging from $16.98 to $17.25, inclusive. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth above.
2. F2. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions ranging from $18.61 to $19.55, inclusive. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth above.
3. F3. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions ranging from $19.62 to $20.35, inclusive. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth above.
4. F4. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions ranging from $18.87 to $18.89, inclusive. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth above.

Key Figures

Total shares bought: 51,375 shares Post-transaction holdings: 301,756 shares Trade price: $17.15 per share +3 more

6 metrics

Total shares bought 51,375 shares Combined open-market purchases on May 8 and May 11, 2026

Post-transaction holdings 301,756 shares Class A Common Stock directly owned after May 11, 2026 trade

Trade price $17.15 per share One May 8, 2026 open-market purchase of Class A Common Stock

Trade price $19.22 per share One May 8, 2026 open-market purchase of Class A Common Stock

Weighted average range $16.98–$17.25 Footnote F1 range for one weighted average purchase price

Weighted average range $19.62–$20.35 Footnote F3 range for one weighted average purchase price

Key Terms

open-market purchase, weighted average price, Class A Common Stock, ten percent owner

4 terms

open-market purchase financial

"transaction_action is described as an open-market purchase of Class A Common Stock"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Class A Common Stock financial

"Each transaction involves Class A Common Stock of MARKETWISE, INC."

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

ten percent owner financial

"The reporting person is listed as a ten percent owner of the issuer."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did MARKETWISE (MKTW) report for Frank Porter Stansberry?

Frank Porter Stansberry reported four open-market purchases of MARKETWISE Class A Common Stock. He bought a combined 51,375 shares on May 8 and May 11, at reported prices between $17.15 and $19.93 per share.

How many MARKETWISE (MKTW) shares does Frank Porter Stansberry own after these trades?

After the reported purchases, Frank Porter Stansberry directly owns 301,756 shares of MARKETWISE Class A Common Stock. This post-transaction holding is disclosed in the Form 4 as the total shares beneficially owned following the latest transaction.

What prices did Frank Porter Stansberry pay for his recent MKTW share purchases?

The Form 4 lists reported prices of $17.15, $19.22, $19.93, and $18.89 per share. Footnotes explain several are weighted average prices for multiple trades within ranges such as $16.98–$17.25 and $19.62–$20.35.

Were Frank Porter Stansberry’s recent MARKETWISE (MKTW) trades open-market purchases?

Yes. Each transaction is coded “P” and described as an open-market purchase or private transaction of Class A Common Stock. The filing classifies all four entries as non-derivative transactions with direct ownership following the trades.

How many MARKETWISE (MKTW) shares did Frank Porter Stansberry buy in total?

Across all reported transactions, Frank Porter Stansberry bought 51,375 shares of MARKETWISE Class A Common Stock. The transaction summary in the Form 4 shows four buys totaling 51,375 shares and indicates a net-buy direction.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Stansberry Frank Porter

(Last) (First) (Middle)

C/O MARKETWISE

1125 N. CHARLES ST.

(Street)

BALTIMORE MARYLAND 21201

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
MARKETWISE, INC. [ MKTW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/08/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	05/08/2026		P		11,000	A	$17.15(1)	261,381	D
Class A Common Stock	05/08/2026		P		11,749	A	$19.22(2)	273,130	D
Class A Common Stock	05/08/2026		P		18,626	A	$19.93(3)	291,756	D
Class A Common Stock	05/11/2026		P		10,000	A	$18.89(4)	301,756	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 price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions ranging from $16.98 to $17.25, inclusive. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth above.

2. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions ranging from $18.61 to $19.55, inclusive. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth above.

3. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions ranging from $19.62 to $20.35, inclusive. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth above.

4. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions ranging from $18.87 to $18.89, inclusive. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth above.

Remarks:

	/s/ Scott Forney, Attorney-in-Fact	05/12/2026
	** 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.
* Form 4: SEC 1474 (03-26)