Frank Stansberry lifts MarketWise (MKTW) stake to 58.29% ownership

Rhea-AI Filing Summary

MarketWise, Inc. major shareholder Frank Porter Stansberry has increased and updated his reported stake in the company. He now reports beneficial ownership of 3,081,266 shares of Class A common stock, representing 58.29% of the class, adjusted for a 1-for-20 reverse stock split effected on April 2, 2025.

The filing shows he acquired 40,373 Class A shares in open market purchases from March 19 to March 20, 2026 for an aggregate purchase price of $592,292.42 using personal funds, stating he believed the stock was undervalued at the time. His holdings include 239,946 shares purchased in the market and via redemptions, 3,660 shares from vested restricted stock units, and the right to acquire 2,837,659 additional shares underlying Common Units of MarketWise, LLC. The 58.29% ownership calculation is based on 2,448,135 Class A shares outstanding as of March 2, 2026, plus the units he can convert.

Insights

Equity ownership and governance analyst

Filing shows a controlling shareholder modestly increasing an already very large stake.

Frank Porter Stansberry now reports beneficial ownership of 3,081,266 MarketWise Class A shares, or 58.29% of the class. This reflects both existing holdings and 2,837,659 shares he can acquire through Common Units of MarketWise, LLC deemed outstanding for his percentage calculation.

He recently bought 40,373 shares in open market purchases totaling $592,292.42, funded personally, and stated he believed the stock was undervalued at those prices. While the incremental buying is small relative to his position, the filing confirms a concentrated ownership structure with a single holder controlling a majority of the Class A common stock.

The ownership percentage is based on 2,448,135 shares outstanding as of March 2, 2026, as reported in the company’s Form 10-K, plus the units he can convert. Future amendments would be expected if he significantly changes his holdings through additional acquisitions or dispositions.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 10)

MarketWise, Inc.

(Name of Issuer)

Class A common stock

(Title of Class of Securities)

57064P107

(CUSIP Number)

Frank Porter Stansberry
1001 Cathedral Street, Fourth Floor
Baltimore, MD, 21201
(888) 610-8895

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

03/19/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 57064P107

1

Name of reporting person

Frank Porter Stansberry

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 3,081,266.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 3,081,266.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

3,081,266.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

58.29 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

Note to Rows 7, 9, and 11: Effective April 2, 2025, the Issuer effected a 1-for-20 reverse stock split of its common stock. The amount of securities reported herein has been adjusted to reflect the reverse stock split. Excludes 6,775 shares of Class A common stock underlying an award of restricted stock units granted to the reporting person on June 12, 2025, which will vest on the earlier of (i) the day immediately preceding the date of the 2026 Annual Meeting of Shareholders and (ii) June 12, 2026, subject to the Reporting Person continuing in service on the Issuer's Board of Directors through the applicable vesting date. Note to Row 13: Based on an aggregate of 2,448,135 shares of Class A common stock outstanding as of March 2, 2026 according to the Issuer's Annual Report on Form 10-K, filed with the SEC on March 6, 2026. In computing the number of shares beneficially owned by a person and the percentage ownership of that person, all shares subject to options held by such person were deemed outstanding if such options are currently vested or will vest within 60 days of the date of this report. These shares were not deemed outstanding, however, for the purpose of computing the percentage ownership of any other person.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Class A common stock
(b)	Name of Issuer: MarketWise, Inc.
(c)	Address of Issuer's Principal Executive Offices: 1125 N. Charles Street, Baltimore, MARYLAND , 21201.
Item 1 Comment: This Amendment No. 10 (the "Amendment") to the Schedule 13D (the "Schedule 13D") originally filed with the United States Securities and Exchange Commission (the "SEC") on September 9, 2022, as amended on January 20, 2023, March 14, 2023, May 3, 2023, August 15, 2023, August 30, 2023, September 8, 2023, October 19, 2023, July 8, 2024, and August 13, 2024, by Frank Porter Stansberry relating to the Class A Common Stock of MarketWise, Inc., is being filed to amend the reporting person and to report the acquisition of shares of Class A Common Stock by the reporting person in open market purchases on March 19, 2026 and March 20, 2026. The shares set forth in this Amendment have been adjusted to reflect a 1-for-20 reverse stock split of the Issuer's common stock, effected on April 2, 2025. Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Schedule 13D. The information set forth in response to each separate Item below shall be deemed to be a response to all Items where such information is relevant. Items 3 and 4 to the Schedule 13D are supplementally amended as follows, and Item 5 to the Schedule 13D is amended and restated as follows.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 of Schedule 13D is hereby amended and supplemented by adding the following: The Reporting Person acquired 40,373 shares of Class A Common Stock in open market purchases from March 19, 2026 to March 20, 2026. The aggregate purchase price for such shares of Class A Common Stock was $592,292.42, paid using the Reporting Person's personal funds.
Item 4.	Purpose of Transaction
	Item 4 of Schedule 13D is hereby amended and supplemented by adding the following: The Reporting Person believes that the Issuer's Class A Common Stock were undervalued by the market at the times of the share purchases. The Reporting Person further intends to review the investment in the Issuer on a continuing basis and may acquire additional shares of Class A Common Stock or dispose of shares of Class A Common Stock based upon consideration of various factors, including, without limitation, the price levels of the Class A Common Stock, general market and economic conditions, the Issuer's business, financial condition, and prospects, and the Reporting Person's need for liquidity.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5 of Schedule 13D is hereby amended and restated in its entirety as follows: The information set forth in the facing pages of this Amendment with respect to the beneficial ownership of the Reporting Person is incorporated by reference into this Item 5. The Reporting Person is the beneficial owner of 3,081,266 shares of Class A Common Stock, constituting approximately 58.29% of the class outstanding. Specifically, the Reporting Person is the holder of record of 239,946 shares of Class A Common Stock purchased in open market transactions and acquired pursuant to the redemption of Common Units of MarketWise, LLC and 3,660 shares of Class A Common Stock acquired upon the vesting of restricted stock units. Additionally, the Reporting Person has the right to acquire 2,837,659 shares of Class A Common Stock consisting of 2,709,327 shares of Class A Common Stock underlying Common Units of MarketWise, LLC held of record by the Reporting Person and 128,332 shares of Class A Common Stock underlying Common Units of MarketWise, LLC held by a limited liability company over which the Reporting Person has beneficial ownership. Excludes 6,775 shares of Class A Common Stock underlying an award of restricted stock units granted to the reporting person on June 12, 2025, which will vest on the earlier of (i) the day immediately preceding the date of the 2026 Annual Meeting of Shareholders and (ii) June 12, 2026, subject to the Reporting Person continuing in service on the Issuer's Board of Directors through the applicable vesting date. The Reporting Person's aggregate percentage beneficial ownership was based on (i) 2,448,135 shares of Class A Common Stock outstanding as of March 2, 2026, as reported by the Issuer in its Annual Report on Form 10-K filed with the SEC on March 6, 2026, and (ii) in accordance with Rule 13d-3(d)(1)(i), the 2,837,659 shares of Class A Common Stock underlying the Common Units of MarketWise, LLC beneficially owned by the Reporting Person are deemed to be outstanding for the purpose of computing the percentage of outstanding securities of the class owned by the Reporting Person only.
(b)	For the Reporting Person, the number of shares as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition are set forth on rows 7 through 11 and row 13 of the cover pages of this Amendment and are incorporated herein by reference.
(c)	The chart below describes transactions in the last sixty days by the Reporting Person in shares of Class A Common Stock. Transaction Date Transaction Type Number of Shares Per Share Price March 19, 2026 Open Market Purchase 1,000.00 $ 13.79 March 19, 2026 Open Market Purchase 1,000.00 $ 13.86 March 19, 2026 Open Market Purchase 1,000.00 $ 13.95 March 19, 2026 Open Market Purchase 10,000.00 $ 14.22 March 19, 2026 Open Market Purchase 10,000.00 $ 14.47 March 19, 2026 Open Market Purchase 103.00 $ 14.74 March 20, 2026 Open Market Purchase 946.00 $ 16.00 March 20, 2026 Open Market Purchase 4,440.00 $ 15.90 March 20, 2026 Open Market Purchase 1,000.00 $ 15.54 March 20, 2026 Open Market Purchase 884.00 $ 15.02 March 20, 2026 Open Market Purchase 5,000.00 $ 14.92 March 20, 2026 Open Market Purchase 5,000.00 $ 14.63
(d)	To the best knowledge of the Reporting Person, no one other than the Reporting Person, or the affiliates of the Reporting Person, is known to have the right to receive, or the power to direct the receipt of, dividends from, or proceeds from the sale of, the Class A Common Stock reported herein as beneficially owned by the Reporting Person.
(e)	Not applicable.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Frank Porter Stansberry

Signature:	/s/ Frank Porter Stansberry
Name/Title:	Frank Porter Stansberry
Date:	03/23/2026

FAQ

How many MarketWise (MKTW) shares does Frank Porter Stansberry now beneficially own?

Frank Porter Stansberry reports beneficial ownership of 3,081,266 shares of MarketWise Class A common stock. This total includes currently held shares and 2,837,659 shares he has the right to acquire through Common Units of MarketWise, LLC deemed outstanding for his ownership calculation.

What percentage of MarketWise (MKTW) Class A common stock does Frank Porter Stansberry control?

He reports beneficial ownership of approximately 58.29% of MarketWise’s Class A common stock. This percentage is based on 2,448,135 shares outstanding as of March 2, 2026, plus 2,837,659 additional shares he can acquire under Rule 13d-3(d)(1)(i).

How many MarketWise (MKTW) shares did Frank Porter Stansberry recently purchase and at what cost?

He acquired 40,373 shares of MarketWise Class A common stock in open market purchases from March 19 to March 20, 2026. The aggregate purchase price was $592,292.42, funded with his personal funds, at per-share prices generally in the mid-teens range.

Why did Frank Porter Stansberry buy additional MarketWise (MKTW) shares according to the filing?

He stated that he believed MarketWise’s Class A common stock was undervalued by the market at the times of his purchases. He also indicated he will continue reviewing the investment and may buy more or sell shares depending on price, market conditions, company prospects, and liquidity needs.

How is Frank Porter Stansberry’s MarketWise (MKTW) ownership structured?

His position includes 239,946 shares held of record from open market purchases and redemptions, 3,660 shares from vested restricted stock units, and rights to acquire 2,837,659 shares underlying Common Units of MarketWise, LLC, including units held through a limited liability company he beneficially owns.

What share count did the filing use to calculate Frank Porter Stansberry’s MarketWise (MKTW) ownership percentage?

The calculation used 2,448,135 shares of MarketWise Class A common stock outstanding as of March 2, 2026, as disclosed in the company’s Form 10-K, plus 2,837,659 shares underlying Common Units beneficially owned by him that are deemed outstanding only for his ownership percentage.