MarketWise settles arbitration with former CEO for $12.16M cash, redeems 520,867 units, terminates TRA rights

MARKETWISE, INC.

Cash payment of $12.16M to former CEO Mark Arnold; Arnold surrenders 520,867 Common Units and corresponding Class B shares.
Arnold Parties release all claims including arbitration, Delaware actions; mutual releases.
Arnold waives all rights under Tax Receivables Agreement, eliminating future TRA payment exposure.
Settlement avoids continued arbitration costs and management distraction; no admission of liability.
Effective upon payment; arbitration and advancement action to be dismissed with prejudice.

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