March 11, 2026 · Form 4 insider transaction
Penn Mark Jeffery sold 4,572,207 shares of MDC at $6.17 per share, a transaction worth $28.20M. The trade was recorded as disposition to the issuer and disclosed on an SEC Form 4, filed 2 days after the transaction.
Represents shares repurchased by the Issuer from the Reporting Person in connection with the Reporting Person's tax obligations resulting from the April 4, 2025 exchange by Stagwell Media LP of shares of Class C Common Stock of the Issuer, together with the corresponding interest in a subsidiary of the Issuer, for shares of Class A Common Stock (the "Exchange"). The shares repurchased are a portion of the shares distributed to the Reporting Person as a result of the Exchange.; Reflects a 1% discount to the closing price of the Class A Common Stock on the transaction date.