<SEC-DOCUMENT>0000950170-25-058891.txt : 20250425
<SEC-HEADER>0000950170-25-058891.hdr.sgml : 20250425
<ACCEPTANCE-DATETIME>20250425180539
ACCESSION NUMBER:		0000950170-25-058891
CONFORMED SUBMISSION TYPE:	SCHEDULE 13D
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20250425
DATE AS OF CHANGE:		20250425

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Stagwell Inc
		CENTRAL INDEX KEY:			0000876883
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-ADVERTISING AGENCIES [7311]
		ORGANIZATION NAME:           	07 Trade & Services
		EIN:				980364441
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-53561
		FILM NUMBER:		25875491

	BUSINESS ADDRESS:	
		STREET 1:		ONE WORLD TRADE CENTER, FLOOR 65
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10007
		BUSINESS PHONE:		646 429 1800

	MAIL ADDRESS:	
		STREET 1:		ONE WORLD TRADE CENTER, FLOOR 65
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10007

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MDC Stagwell Holdings Inc
		DATE OF NAME CHANGE:	20210729

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MDC PARTNERS INC
		DATE OF NAME CHANGE:	20040206

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MDC CORP INC
		DATE OF NAME CHANGE:	20001204

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BALLMER STEVEN A
		CENTRAL INDEX KEY:			0000902015
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D

	MAIL ADDRESS:	
		STREET 1:		PO BOX 1558
		CITY:			BELLEVUE
		STATE:			WA
		ZIP:			98009
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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    <submissionType>SCHEDULE 13D</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0000902015</cik>
          <ccc>XXXXXXXX</ccc>
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      <liveTestFlag>LIVE</liveTestFlag>



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  <formData>
    <coverPageHeader>
      <securitiesClassTitle>Class A Common Stock</securitiesClassTitle>
      <dateOfEvent>04/04/2025</dateOfEvent>
      <previouslyFiledFlag>false</previouslyFiledFlag>
      <issuerInfo>
        <issuerCIK>0000876883</issuerCIK>
        <issuerCUSIP>85256A109</issuerCUSIP>
        <issuerName>Stagwell Inc</issuerName>
        <address>
          <street1 xmlns="http://www.sec.gov/edgar/common">One World Trade Center, Floor 65</street1>
          <city xmlns="http://www.sec.gov/edgar/common">New York</city>
          <stateOrCountry xmlns="http://www.sec.gov/edgar/common">NY</stateOrCountry>
          <zipCode xmlns="http://www.sec.gov/edgar/common">10007</zipCode>
        </address>
      </issuerInfo>
      <authorizedPersons>
        <notificationInfo>
          <personName>Brandt Vaughan</personName>
          <personPhoneNum>(425) 242-6391</personPhoneNum>
          <personAddress>
            <street1 xmlns="http://www.sec.gov/edgar/common">PO Box 1558</street1>
            <city xmlns="http://www.sec.gov/edgar/common">Bellevue</city>
            <stateOrCountry xmlns="http://www.sec.gov/edgar/common">WA</stateOrCountry>
            <zipCode xmlns="http://www.sec.gov/edgar/common">98009</zipCode>
          </personAddress>
        </notificationInfo>
      </authorizedPersons>
    </coverPageHeader>
    <reportingPersons>
      <reportingPersonInfo>
        <reportingPersonNoCIK>Y</reportingPersonNoCIK>
        <reportingPersonName>Polpat LLC</reportingPersonName>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>DE</citizenshipOrOrganization>
        <soleVotingPower>0</soleVotingPower>
        <sharedVotingPower>116044633</sharedVotingPower>
        <soleDispositivePower>0</soleDispositivePower>
        <sharedDispositivePower>116044633</sharedDispositivePower>
        <aggregateAmountOwned>116044633</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>43.5</percentOfClass>
        <typeOfReportingPerson>OO</typeOfReportingPerson>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonCIK>0000902015</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>Steven A. Ballmer</reportingPersonName>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>X1</citizenshipOrOrganization>
        <soleVotingPower>0</soleVotingPower>
        <sharedVotingPower>116044633</sharedVotingPower>
        <soleDispositivePower>0</soleDispositivePower>
        <sharedDispositivePower>116044633</sharedDispositivePower>
        <aggregateAmountOwned>116044633</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>43.5</percentOfClass>
        <typeOfReportingPerson>HC</typeOfReportingPerson>
        <typeOfReportingPerson>IN</typeOfReportingPerson>
      </reportingPersonInfo>
    </reportingPersons>
    <items1To7>
      <item1>
        <securityTitle>Class A Common Stock</securityTitle>
        <issuerName>Stagwell Inc</issuerName>
        <issuerPrincipalAddress>
          <street1 xmlns="http://www.sec.gov/edgar/common">One World Trade Center, Floor 65</street1>
          <city xmlns="http://www.sec.gov/edgar/common">New York</city>
          <stateOrCountry xmlns="http://www.sec.gov/edgar/common">NY</stateOrCountry>
          <zipCode xmlns="http://www.sec.gov/edgar/common">10007</zipCode>
        </issuerPrincipalAddress>
      </item1>
      <item2>
        <filingPersonName>The persons filing this Schedule 13D are Steven A. Ballmer and Polpat LLC, a Delaware limited liability company (collectively, the "Reporting Persons"). Polpat LLC is wholly owned by Mr. Ballmer.</filingPersonName>
        <principalBusinessAddress>The business address of each of the Reporting Persons is PO Box 1558, Bellevue, WA 98009.</principalBusinessAddress>
        <principalJob>Mr. Ballmer is an entrepreneur.</principalJob>
        <hasBeenConvicted>During the last five years, none of the Reporting Persons has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).</hasBeenConvicted>
        <convictionDescription>During the last five years, none of the Reporting Persons was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction or was subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.</convictionDescription>
        <citizenship>Polpat LLC is a Delaware limited liability company. Mr. Ballmer is a citizen of the United States.</citizenship>
      </item2>
      <item3>
        <fundsSource>On April 2, 2025, Stagwell Media LP, a Delaware limited partnership ("Stagwell Media"), exchanged all of its 151,648,741 shares of Class C Common Stock, par value $0.00001 per share, of the Issuer, together with all of its corresponding economic interests in Stagwell Global LLC, the Issuer's operating subsidiary, for an equal number of shares of Class A Common Stock (the "Exchange").
On April 4, 2025, Stagwell Media issued instructions to its transfer agent to distribute such shares of Class A Common Stock to its limited partners, Steven A. Ballmer, Mark Penn and Stagwell Group LLC, in accordance with its organizational documents (the "Distribution"). Mr. Ballmer received 116,044,633 shares of Class A Common Stock from the Distribution, which was completed on April 8, 2025.</fundsSource>
      </item3>
      <item4>
        <transactionPurpose>The Reporting Persons own the securities reported herein for investment purposes. The Reporting Persons may change their investment intent at any time and may seek to sell or otherwise dispose of some or all of the Issuer's securities from time to time, and/or may seek to acquire additional securities of the Issuer (which may include rights or securities exercisable or convertible into securities of the Issuer) from time to time, in each case, in open market or private transactions or otherwise. The Reporting Persons also may communicate with the board of directors of the Issuer (the "Board"), members of management and/or other stockholders of the Issuer from time to time with a view to enhancing stockholder value.
Any transaction that the Reporting Persons may pursue may be made at any time and from time to time without prior notice and will depend on a variety of factors, including, without limitation, the price and availability of the Issuer's securities, subsequent developments affecting the Issuer and its business generally, the Issuer's business and the Issuer's prospects, other investment and business opportunities available to the Reporting Persons, general industry and economic conditions, the securities markets in general, tax considerations, changes in law and government regulations and other factors deemed relevant by the Reporting Persons.
Except as described in this Schedule 13D, the Reporting Persons do not have any present plans or proposals that relate to or would result in any of the actions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D, although the Reporting Persons, at any time and from time to time, may review, reconsider and change their position and/or change their purpose and/or develop such plans and may seek to influence management or the Board with respect to the business and affairs of the Issuer and may from time to time consider pursuing or proposing such matters with advisors, the Issuer or other persons.</transactionPurpose>
      </item4>
      <item5>
        <percentageOfClassSecurities>The responses to Rows 11 and 13 of the cover pages to this Schedule 13D are incorporated herein by reference. The percentage set forth in Row 13 is based upon 115,014,948 shares of Class A Common Stock outstanding as of March 3, 2025, as disclosed in the Issuer's Annual Report on Form 10-K filed March 11, 2025, plus 151,648,741 shares of Class A Common Stock issued upon the Exchange on April 2, 2025.</percentageOfClassSecurities>
        <numberOfShares>The responses to Rows 7 through 10 of the cover pages to this Schedule 13D are incorporated herein by reference.</numberOfShares>
        <transactionDesc>Other than as described in Item 3 above, the Reporting Persons have not effected any transactions in the Class A Common Stock during the past sixty days.</transactionDesc>
        <listOfShareholders>Not applicable.</listOfShareholders>
        <date5PercentOwnership>Not applicable.</date5PercentOwnership>
      </item5>
      <item6>
        <contractDescription>Not applicable.</contractDescription>
      </item6>
      <item7>
        <filedExhibits>Exhibit 1. Joint Filing Agreement, dated as of April 25, 2025, among the Reporting Persons</filedExhibits>
      </item7>
    </items1To7>
    <signatureInfo>
      <signaturePerson>
        <signatureReportingPerson>Polpat LLC</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Steven A. Ballmer</signature>
          <title>Steven A. Ballmer, Manager of Polpat LLC</title>
          <date>04/25/2025</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>Steven A. Ballmer</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Steven A. Ballmer</signature>
          <title>Steven A. Ballmer</title>
          <date>04/25/2025</date>
        </signatureDetails>
      </signaturePerson>
    </signatureInfo>
  </formData>

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<DOCUMENT>
<TYPE>EX-1
<SEQUENCE>2
<FILENAME>stgw-ex1.htm
<DESCRIPTION>EX-1: JOINT FILING AGREEMENT
<TEXT>
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    <br>
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   <div style="text-align: right; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 12pt; font-weight: bold;">
    Exhibit 1
   </div>
   <div style="text-align: center; font-family: 'Times New Roman'; font-size: 12pt; font-weight: bold;">
    JOINT FILING AGREEMENT
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   <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 12pt; font-weight: bold;">
    PURSUANT TO RULE 13d-1(k)
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    In accordance with Rule 13d-1(k), the&nbsp;undersigned acknowledge and agree that the foregoing statement on Schedule 13D with respect to the Class A Common Stock, par value $0.001 per share, of Stagwell Inc. is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13D may be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning such person contained herein or therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that such person knows or has reason to believe that such information is inaccurate.
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    Dated this 25th day of April 2025.
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     <td style="width: 50%; vertical-align: top;">&nbsp;</td>
     <td colspan="2" style="vertical-align: top;">
      <div style="font-family: 'Times New Roman'; font-size: 11pt;">
       Polpat LLC
      </div> </td>
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    <tr>
     <td style="width: 50%; vertical-align: top;">&nbsp;</td>
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       By:&nbsp;&nbsp;
       <br>
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       /s/ Steven A. Ballmer
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     <td style="width: 50%; vertical-align: top;">&nbsp;</td>
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       Name:&nbsp; Steven A. Ballmer
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       Title:&nbsp; Manager
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     <td style="width: 50%; vertical-align: top;">&nbsp;</td>
     <td colspan="2" style="vertical-align: top;">&nbsp;</td>
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       Steven A. Ballmer
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       By:
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      <div style="font-family: 'Times New Roman'; font-size: 11pt;">
       /s/ Steven A. Ballmer
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    <br>
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</SEC-DOCUMENT>
