Stagwell CEO buys 20K shares in open market
Stagwell Inc. Chief Executive Officer and major shareholder Mark Jeffery Penn reported an open-market purchase of Class A Common Stock.
Rhea-AI Filing Summary
Stagwell Inc. Chief Executive Officer and major shareholder Mark Jeffery Penn reported an open-market purchase of Class A Common Stock. On May 13, 2026, he bought 20,000 shares at a weighted average price of $5.88 per share, with individual trade prices ranging from $5.865 to $5.895.
Following this transaction, Penn directly holds 23,034,990 shares of Class A Common Stock. In addition, 2,000,000 shares are held indirectly by The Stagwell Group LLC, an entity he controls. The filing shows no derivative securities outstanding, indicating this was a straightforward cash purchase that modestly increases his equity stake.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 20,000 shares
Net Buy
2 txns
Insider
Penn Mark Jeffery
Role
Chief Executive Officer
Bought
20,000 shs ($118K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock | 20,000 | $5.88 | $118K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 23,034,990 shares (Direct);
Class A Common Stock — 2,000,000 shares (Indirect, See Footnote)
Footnotes (2)
- F1. The purchase price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.865 to $5.895, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder 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 in this footnote.
- F2. The shares are held by The Stagwell Group LLC ("Stagwell Group"). The Reporting Person is the controlling person of Stagwell Group.
Key Figures
Shares purchased: 20,000 shares
Weighted average purchase price: $5.88 per share
Purchase price range: $5.865–$5.895 per share
+3 more
6 metrics
Shares purchased
20,000 shares
Open-market purchase on May 13, 2026
Weighted average purchase price
$5.88 per share
Class A Common Stock purchase
Purchase price range
$5.865–$5.895 per share
Range of individual trade prices
Direct holdings after transaction
23,034,990 shares
Class A Common Stock held directly by Mark Penn
Indirect holdings
2,000,000 shares
Held by The Stagwell Group LLC controlled by Mark Penn
Net buy-sell shares
20,000 shares
Net buying activity in this Form 4
Key Terms
open-market purchase, weighted average price, Class A Common Stock, indirect ownership, +1 more
5 terms
open-market purchase financial
"Purchase in open market or private transaction"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
weighted average price financial
"The purchase price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
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.
indirect ownership financial
"The shares are held by The Stagwell Group LLC ("Stagwell Group")."
Reporting Person regulatory
"The Reporting Person is the controlling person of Stagwell Group."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Stagwell (STGW) report for Mark Penn?
Stagwell reported that CEO Mark Jeffery Penn bought 20,000 shares of Class A Common Stock in an open-market transaction, modestly increasing his direct ownership stake in the company.
Was the Stagwell (STGW) insider transaction an open-market purchase?
Yes. The Form 4 identifies the transaction code as “P,” indicating an open-market or private purchase of 20,000 Class A Common Stock shares by Mark Penn on May 13, 2026.
Were any derivatives involved in this Stagwell (STGW) insider transaction?
No. The Form 4 shows no derivative transactions or remaining derivative positions for this event, indicating it was a simple cash purchase of common shares only.
AI-generated analysis. How Rhea-AI works. Not financial advice.
