MarketWise (MKTW) director receives 8,127 restricted stock units as award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tongue Glenn H reported acquisition or exercise transactions in this Form 4 filing.
MarketWise, Inc. director Glenn H. Tongue reported an equity compensation award rather than an open-market trade. He received 8,127 shares of Class A common stock in the form of restricted stock units at $0.00 per share.
These restricted stock units will vest on the earlier of the day immediately preceding the 2027 annual meeting of shareholders or June 4, 2027, if he continues serving on the board through that date. Following the award, he directly owns 28,234 shares of Class A common stock and indirectly holds 1,201 shares through Deerhaven Fund LP.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Tongue Glenn H
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 8,127 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 28,234 shares (Direct, null);
Class A Common Stock — 1,201 shares (Indirect, by Deerhaven Fund LP.)
Footnotes (1)
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Key Figures
RSU award size: 8,127 shares
RSU grant price: $0.00 per share
Direct holdings after award: 28,234 shares
+2 more
5 metrics
RSU award size
8,127 shares
Restricted stock units of Class A common stock granted to director
RSU grant price
$0.00 per share
Equity compensation grant, not open-market purchase
Direct holdings after award
28,234 shares
Class A common stock directly owned following the RSU grant
Indirect holdings
1,201 shares
Class A common stock held indirectly by Deerhaven Fund LP
RSU vesting date
June 4, 2027
Vests earlier of pre-2027 annual meeting or June 4, 2027
Key Terms
restricted stock units, Class A Common Stock, vesting
3 terms
restricted stock units financial
"Represents an award of restricted stock units which will vest on the earlier of"
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.
Class A Common Stock financial
"security_title: "Class A Common Stock""
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.
vesting financial
"which will vest on the earlier of (i) the day immediately preceding"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.