AG Secondary C.V.'s Form 4 filing
Stagwell IncSTGW · filed May 10, 2023
- Accession no.
- 0000899243-23-012577
- Filed
- May 10, 2023, 9:01 PM ET
- Trade date
- May 8-9, 2023
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not checked
This filing lists 2 non-derivative transactions. Open-market sales total $150.0M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| AG Secondary C.V.CIK 0001976283 | 10% Owner |
| AP Fondo Secondaries II C.V.CIK 0001976316 | 10% Owner |
| APSS Secondary C.V.CIK 0001976321 | 10% Owner |
| AlpInvest GA Secondary C.V.CIK 0001976479 | Other: Former 10% holder |
| AJ Secondary C.V.CIK 0001976587 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| May 8, 2023 | Class A Common Stock | JOtherAcquired | +23,328,154 | $6.43 | +$150,000,030.22 | 0 | Indirect | Duplicate filing |
| May 9, 2023 | Class A Common Stock | SSaleDisposed | −23,328,154 | $6.43 | −$150,000,030.22 | 0 | Indirect | Duplicate filing |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
No transaction price on this filing refers to a footnote.
Remarks
On May 10, 2023, the Reporting Persons entered into an agreement with the general partner of the Limited Partnership that provides that the Reporting Persons cannot cause the Limited Partnership to make a distribution of shares of Class A Common Stock if, immediately following such distribution, the Reporting Persons (together with any persons with whom their beneficial ownership would be aggregated under for purposes of Section 13(d) or Section 16 of the U.S. Securities Exchange Act of 1934, as amended) would, after giving effect to such distribution, beneficially own more than 9.9% of the outstanding shares of Class A Common Stock. Because no more than ten Reporting Persons can file any one Form 4 through the Securities and Exchange Commission's EDGAR system, AlpInvest Partners US Secondary Investments 2016 I C.V., AlpInvest PEP Secondary 2017 C.V., AlpInvest Secondaries Fund VI C.V., AlpInvest Secondaries Fund (Euro) VI C.V., GGG US Secondary 2017 C.V., and AlpInvest Partners B.V. have made a separate Form 4 filing.