{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-031870","form_type":"8-K","ticker":"MKTW","cik":"0001805651","company_name":"MARKETWISE, INC.","filed_at":"2023-09-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.328132+00:00","generated_at":"2026-06-10T22:16:54.678997+00:00","sec_items":["1.01","5.02","7.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"MarketWise appoints founder Frank Porter Stansberry to Board; agrees to share lock-up and voting standstill","bullets":["Frank Porter Stansberry, founder and former Chairman, appointed as Class III director effective Sept 8, 2023.","Under agreement, Stansberry and Stokes Holding agree not to sell shares until Jan 1, 2024, and to vote for Board-recommended nominees.","Investors agreed not to commence litigation related to pre-existing claims.","Disclosed related-party transactions: ~$546K fees from SAM in 2023 YTD; ~$405K paid by Porter & Co. to MarketWise.","Board size increased from 9 to 10 directors."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-031870","json":"https://secwatch.observer/filing/0001628280-23-031870.json","markdown":"https://secwatch.observer/filing/0001628280-23-031870.md","text":"https://secwatch.observer/filing/0001628280-23-031870.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1805651/000162828023031870/0001628280-23-031870-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1805651/000162828023031870/mktw-20230908.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T22:16:54.678997+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"045a689372","claim":"Frank Porter Stansberry was appointed as Director at MARKETWISE, INC..","evidence_excerpt":"On September 8, 2023, pursuant to the Agreement, the Company appointed Mr. Stansberry as a Class III member of the Board, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1805651/000162828023031870/0001628280-23-031870-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"9369bfafa2bbb983255aca774ec4cd16ed82ccf6","claim":"MARKETWISE, INC. entered into Agreement with Frank Porter Stansberry valued at Agreement to increase Board size, appoint director, stock lock-up, voting commitments (effective 2023-09-08).","evidence_excerpt":"On September 8, 2023, MarketWise, Inc. (the “Company”) entered into an Agreement (the “Agreement”) by and among the Company, Frank Porter Stansberry and Stokes Holding, LLC (collectively, the “Investors”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1805651/000162828023031870/0001628280-23-031870-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Frank Porter Stansberry"},{"label":"Value","value":"Agreement to increase Board size, appoint director, stock lock-up, voting commitments"},{"label":"Effective","value":"2023-09-08"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}