MKTW · MarketWise, Inc.

MarketWise, Inc. and MarketWise, LLC entered into a Settlement Agreement dated April 21, 2026, with former CEO Mark P. Arnold and JAMA 2021, LLC to fully resolve ongoing legal disputes stemming from Arnold's resignation in November 2022 and his subsequent arbitration demand filed in November 2024. The arbitration involved claims related to his employment, severance, and equity ownership, previously disclosed in the Company's 10-K filings for fiscal years 2024 and 2025. Additional related actions included MarketWise's Delaware Chancery suit for injunctive relief in February 2025 and Arnold's advancement action in April 2026. Key terms include a $12,160,000 cash payment to Arnold within two business days, triggering the effective date, in exchange for the Arnold Parties surrendering 417,869 Common Units owned by Arnold and 102,998 by JAMA—totaling 520,867 units—along with corresponding Class B shares, which MarketWise, LLC will redeem and cancel. This eliminates the Arnold Parties' membership rights in MarketWise, LLC and voting rights tied to Class B shares, while preserving any existing Class A holdings. Critically, the Arnold Parties terminate all rights under the July 21, 2021 Tax Receivables Agreement, waiving future tax benefit and early termination payments, removing a contingent liability for the Company. Mutual releases cover all known and unknown claims from employment through the effective date, encompassing the Employment Agreement, Letter Agreement, Ascendant Transaction, equity ownership, and all litigation. MarketWise also provides limited tax indemnification to Arnold. The Company views this as a positive outcome, avoiding arbitration expenses, distractions, and uncertainties while eliminating TRA exposure and redeeming units at a negotiated value accepted as payment in full by the Arnold Parties.