CFO at MarketWise (NASDAQ: MKTW) trims 10,000-share stake

Filing Impact

(High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

MARKETWISE, INC. Chief Financial Officer Erik Mickels reported open-market sales of a total of 10,000 shares of Class A common stock. He sold 3,334 shares on March 10 at a weighted average price of $15.20 per share and 6,666 shares on March 11 at a weighted average price of $14.73 per share. Following these transactions, he directly holds 56,437 shares. The reported prices are weighted averages from multiple trades within ranges of $14.96 to $15.40 and $14.63 to $14.87.

Insider Trade Summary

Net Seller: 10,000 shares ($148,867)

Net Sell 2 txns

Insider Mickels Erik

Role Chief Financial Officer

Sold 10,000 shs ($149K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	6,666	$14.73	$98K
Sale	Class A Common Stock	3,334	$15.20	$51K

Holdings After Transaction: Class A Common Stock — 56,437 shares (Direct)

Footnotes (1)

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions ranging from $14.96 to $15.40, 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. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions ranging from $14.63 to $14.87, 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.

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Form 4 Insider Transactions: What Each Field Means →

03/12/2026 - 04:36 PM

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^*

Mickels Erik

(Last)

(First)

(Middle)

C/O MARKETWISE

1125 N. CHARLES STREET

(Street)

BALTIMORE

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 Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	03/10/2026		S		3,334	D	$15.2⁽¹⁾	63,103	D
Class A Common Stock	03/11/2026		S		6,666	D	$14.73⁽²⁾	56,437	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions ranging from $14.96 to $15.40, 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 $14.63 to $14.87, 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	03/12/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did MarketWise (MKTW) report for its CFO?

MarketWise reported that CFO Erik Mickels sold 10,000 shares of Class A common stock in open-market transactions. The sales occurred over two days and were executed at weighted average prices of $15.20 and $14.73 per share, as disclosed in the Form 4.

On what dates did the MarketWise (MKTW) CFO sell shares?

CFO Erik Mickels sold MarketWise Class A shares on March 10 and March 11, 2026. The Form 4 shows separate open-market transactions on each date, with different weighted average prices and share amounts reported for the two trading days.

How many MarketWise (MKTW) shares did the CFO sell and at what prices?

Erik Mickels sold a total of 10,000 MarketWise Class A shares. He sold 3,334 shares at a weighted average price of $15.20 on March 10 and 6,666 shares at a weighted average price of $14.73 on March 11, based on multiple trades each day.

How many MarketWise (MKTW) shares does the CFO hold after the reported sales?

After the reported open-market sales, CFO Erik Mickels directly holds 56,437 shares of MarketWise Class A common stock. This post-transaction holding amount is explicitly disclosed in the Form 4 as the total shares owned following the final transaction.

What price ranges are associated with the MarketWise (MKTW) CFO’s trades?

The reported prices are weighted averages of multiple trades. One day’s trades occurred between $14.96 and $15.40 per share, while the other day’s trades occurred between $14.63 and $14.87 per share, according to the detailed pricing disclosure in the footnotes.

Were the MarketWise (MKTW) CFO’s transactions single trades or multiple trades?

Each day’s reported price is a weighted average, meaning the CFO’s sales were executed through multiple trades. The footnotes state that the transactions occurred across several prices within specified ranges, and detailed breakdowns are available on request from the issuer or regulators.