[Form 4] Stagwell Inc. Insider Trading Activity

Rhea-AI Filing Summary

CrowdStrike Holdings, Inc. (CRWD) – Form 144 filing

The notice covers a proposed disposition of 1,489,038 Class A shares (≈0.6 % of the 249.25 M shares outstanding) through J.P. Morgan Securities on or about 05 Aug 2025. At the indicated aggregate market value of $677.3 million, the implied reference price is roughly $455 per share.

The shares were originally received as a gift on 04 Apr 2025 from the Kurtz 2009 Spendthrift Trust. The principal selling entity is identified as PK Giving Trust; DK Giving Trust and founder-CEO George Kurtz appear in the three-month sales history. Since early May the two trusts have executed daily 2,000-share blocks, while Kurtz has sold 73,081 shares in two transactions. Aggregate three-month dispositions total ≈260 k shares for proceeds exceeding $119 million.

The signer certifies no knowledge of undisclosed adverse information and affirms compliance with Rule 144 and any 10b5-1 trading plans.

Positive

• None.

Negative

• Large insider sale: Proposed disposition of 1.49 M shares valued at $677 M may pressure share price.
• Ongoing selling pattern: Daily 2,000-share sales by PK and DK Giving Trusts plus founder sales suggest sustained supply.
• Founder participation: CEO George Kurtz sold 73 k shares (~$33 M) during the past quarter, which can be viewed unfavorably by some investors.

Insights

Securities Analyst

TL;DR – Large insider sale (~$677 M) may pressure sentiment; dilution immaterial at 0.6 %.

The 1.49 M-share block equals roughly six trading days of CRWD’s average volume, so execution via a single broker could weigh on near-term price. While the absolute dollar size is sizable, the stake represents a modest fraction of the float and does not alter capital structure. Continuous daily sales by PK and DK Giving Trust signal an ongoing liquidity program rather than a one-off divestiture. CEO Kurtz’s 73 k-share sale (~$33 M) trims personal holdings but does not meaningfully reduce his voting influence. No operational data accompany the filing; therefore, the event is valuation-, not fundamentals-driven.

Corporate Governance Expert

TL;DR – Philanthropic trusts selling, yet founder also trimming; governance optics mildly negative.

PK and DK Giving Trusts are charitable vehicles, mitigating some concern about insider confidence. Nonetheless, investors often interpret concentrated Rule 144 activity—especially when founder participation is visible—as a signal of limited upside perception. The filing’s certification that no material non-public information exists reduces litigation risk, and use of a single broker indicates adherence to best-execution practices. Overall, governance impact is limited but skewed negative given the founder’s parallel sales.

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^*

Penn Mark Jeffery

(Last) (First) (Middle)

C/O STAGWELL INC.

ONE WORLD TRADE CENTER, FLOOR 65

(Street)

NEW YORK NY 10007

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Stagwell Inc [ STGW ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	08/01/2025		G		1,750,000	D	$0	29,560,430(1)	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. Includes 22,296,375 shares previously reported as indirectly beneficially owned by the Reporting Person. These shares were held by The Stagwell Group LLC ("Stagwell Group"). As reported in Amendment No. 17 to the Schedule 13D filed by the Reporting Person on July 21, 2025, on July 17, 2025, Stagwell Group made a pro rata distribution of such shares to the Reporting Person as its sole member.

	/s/ Mark Penn	08/05/2025
	** 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.
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FAQ

How many CrowdStrike (CRWD) shares are being registered for sale in this Form 144?

The notice covers 1,489,038 Class A shares.

What is the market value of the proposed CRWD share sale?

The aggregate market value listed is $677,303,825.

When is the approximate sale date for the CRWD shares?

The filing lists an approximate sale date of 05 Aug 2025.

Who is selling the shares and how were they acquired?

The shares were gifted on 04 Apr 2025 from the Kurtz 2009 Spendthrift Trust to PK Giving Trust, which is now the primary seller.

How much has CEO George Kurtz sold in the past 3 months?

He sold 73,081 shares for gross proceeds of roughly $33 million.

What percentage of CrowdStrike’s outstanding shares does the 1.49 M block represent?

Approximately 0.6 % of the 249.25 M shares outstanding.