---
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"
generated_at: "2026-06-10T22:16:54.678997+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# MarketWise appoints founder Frank Porter Stansberry to Board; agrees to share lock-up and voting standstill

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-031870
- JSON: https://secwatch.observer/filing/0001628280-23-031870.json
- Plain text: https://secwatch.observer/filing/0001628280-23-031870.txt

## Key facts
- Executive change
  Frank Porter Stansberry was appointed as Director at MARKETWISE, INC..
  - Action: appointed
  - Role: Director
  source text: On September 8, 2023, pursuant to the Agreement, the Company appointed Mr. Stansberry as a Class III member of the Board, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828023031870/0001628280-23-031870-index.htm
- Material Agreements
  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).
  - Action: entry
  - Counterparty: Frank Porter Stansberry
  - Value: Agreement to increase Board size, appoint director, stock lock-up, voting commitments
  - Effective: 2023-09-08
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828023031870/0001628280-23-031870-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.