MarketWise CFO shares withheld for tax on RSU vest

Accepted by SEC EDGAR 07/02/2026 - 08:27 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

MARKETWISE, INC. Chief Financial Officer Erik Mickels reported a transaction involving Class A Common Stock tied to the vesting of previously reported restricted stock units. A total of 3,973 shares were withheld by the company at a price of $19.14 per share to cover tax withholding and remittance obligations.

These withheld shares are characterized in the filing as not being a sale of shares by Mickels but rather a tax-related disposition by the issuer in connection with the net settlement of vested restricted stock units. Following this transaction, Mickels directly holds 75,091 shares of Class A Common Stock.

Insider Trade Summary

Net Seller: 3,973 shares

Net Sell 1 txn

Insider Mickels Erik

Role Chief Finacial Officer

Sold 3,973 shs ($76K)

Share of Position Sold 5.0%

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	3,973	$19.14	$76K

Holdings After Transaction: Class A Common Stock — 75,091 shares (Direct)

Holdings Before and After: Class A Common Stock, 79,064 to 75,091 shares (Direct)

Other Insiders: 2 other insiders reported open-market sales of this stock in the 30 days up to this filing.

Footnotes (1)

1. F1. 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.

Key Figures

Shares withheld for taxes: 3,973 shares Per-share value for withheld shares: $19.14 per share Shares held after transaction: 75,091 shares

3 metrics

Shares withheld for taxes 3,973 shares Withheld to satisfy tax obligations on RSU vesting

Per-share value for withheld shares $19.14 per share Value applied to 3,973 withheld shares

Shares held after transaction 75,091 shares Direct Class A Common Stock holdings of CFO after withholding

Key Terms

restricted stock units, net settlement, tax withholdings and remittance obligations

3 terms

restricted stock units financial

"in connection with the vesting and net settlement of previously reported restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

net settlement financial

"in connection with the vesting and net settlement of previously reported restricted stock units"

tax withholdings and remittance obligations financial

"withheld by the Issuer to satisfy its tax withholdings and remittance obligations"

FAQ

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

What insider transaction did MARKETWISE (MKTW) CFO Erik Mickels report?

CFO Erik Mickels reported 3,973 MARKETWISE Class A shares being withheld to cover tax obligations on vested restricted stock units. The filing clarifies this is not a sale by Mickels, but an issuer withholding tied to net settlement of equity awards.

Was the MARKETWISE (MKTW) CFO’s Form 4 transaction an open-market sale?

The transaction is not an open-market sale by the CFO. The company withheld 3,973 shares to satisfy tax withholdings and remittance obligations related to vesting restricted stock units, according to the footnote, rather than Mickels selling shares into the market.

How many MARKETWISE (MKTW) shares does the CFO hold after this transaction?

After the tax withholding transaction, CFO Erik Mickels directly holds 75,091 shares of MARKETWISE Class A Common Stock. This figure reflects his remaining ownership following the issuer’s withholding of 3,973 shares in connection with the net settlement of restricted stock units.

At what price were the withheld MARKETWISE (MKTW) shares valued in the Form 4?

The 3,973 withheld MARKETWISE shares were valued at $19.14 per share in the Form 4. This price is used to calculate the value of shares applied to satisfy the company’s tax withholding and remittance obligations tied to vested restricted stock units.

What does tax withholding on restricted stock units mean for MARKETWISE (MKTW) investors?

Tax withholding on restricted stock units means the company retains some vested shares to pay taxes owed, instead of the executive selling shares. For MARKETWISE, 3,973 shares were withheld from the CFO’s award, a routine administrative step rather than a discretionary market sale.

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^*

Mickels Erik

(Last) (First) (Middle)

C/O MARKETWISE

1125 N. CHARLES STREET

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

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	07/01/2026		S		3,973(1)	D	$19.14	75,091	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. 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	07/02/2026
	** 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)