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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Name of Issuer)

(Title of Class of Securities)

(CUSIP Number)

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13D/A 0000886982 XXXXXXXX LIVE 11 Class A Common Stock 04/08/2025 false 0000876883 552697104 STAGWELL INC. ONE WORLD TRADE CENTER FLOOR 65 NEW YORK NY 10007 Hristo Dimitrov (212) 902-1000 Goldman Sachs & Co. LLC 200 West Street New York NY 10282 Katherine M. Krause, Esq. (212) 455-2260 Simpson Thacher & Bartlett LLP 425 Lexington Avenue New York NY 10017 0000886982 N The Goldman Sachs Group, Inc. b AF N DE 0 13279932 0 13279932 13279932 N 4.9 HC CO Y Goldman Sachs & Co. LLC b WC AF N NY 0 13279932 0 13279932 13279932 N 4.9 BD IA Y Broad Street Principal Investments, L.L.C. b WC N DE 0 12847220 0 12847220 12847220 N 4.8 OO Y StoneBridge 2017, L.P. b WC N DE 0 12847220 0 12847220 12847220 N 4.8 PN Y StoneBridge 2017 Offshore, L.P. b WC N E9 0 12847220 0 12847220 12847220 N 4.8 PN Y Bridge Street Opportunity Advisors, L.L.C. b AF N DE 0 12847220 0 12847220 12847220 N 4.8 OO Class A Common Stock STAGWELL INC. ONE WORLD TRADE CENTER NEW YORK NY 10007 This Amendment No. 11 (the "Amendment") amends and supplements the Schedule 13D filed by the Reporting Persons on March 15, 2017, as amended and supplemented by Amendment No. 1 filed by the Reporting Persons on March 24, 2017, Amendment No. 2 filed by the Reporting Persons on March 14, 2019, Amendment No. 3 filed by the Reporting Persons on December 23, 2020, Amendment No. 4 filed by the Reporting Persons on April 21, 2021, Amendment No. 5 filed by the Reporting Persons on July 13, 2021, Amendment No. 6 filed by the Reporting Persons on August 4, 2021, Amendment No. 7 filed by the Reporting Persons on November 8, 2021, Amendment No. 8 filed by the Reporting Persons on March 14, 2023, Amendment No. 9 filed by the Reporting Persons on June 8, 2023 and Amendment No. 10 filed by the Reporting Persons on June 17, 2024 (as amended and supplemented by this Amendment, the "Schedule 13D"). Except as specifically provided herein, this Amendment does not modify any of the information previously reported on the Schedule 13D. Capitalized terms not otherwise defined in this Amendment shall have the same meanings ascribed thereto in the Schedule 13D. This Amendment is being filed to disclose that the Reporting Person is no longer the beneficial owner of more than 5% of the Issuer's Class A Shares due to dilution caused by the Issuer's issuance of additional Class A Shares from time to time since the date of the filing of Amendment No. 10. This Amendment constitutes an exit filing of the Reporting Persons, in respect of the Class A Shares previously reported as beneficially owned by the Reporting Persons. This Amendment amends Item 2 of the Schedule 13D by replacing in their entirety Schedules I, II-A, and II-B, with Schedules I, II-A, and II-B attached hereto as Exhibit 99.1 and incorporated therein by reference. Items 5(a), 5(b) and 5(e) of the Schedule 13D are hereby amended and restated as follows: The information set forth in the cover pages of this Schedule 13D is hereby incorporated by reference into this Item 5. GS Group and Goldman Sachs may be deemed to share beneficial ownership of 13,279,932 Class A Shares of the Issuer (representing approximately 4.9% of the total number of Class A Shares), which number includes 432,712 Class A Shares acquired by Goldman Sachs or another wholly-owned broker or dealer subsidiary of GS Group in ordinary course trading activities and 12,847,220 Class A Shares directly held by BSPI and the Employee Funds. The other Reporting Persons may be deemed to share beneficial ownership of the 12,847,220 Class A Shares of the Issuer (representing approximately 4.8% of the total number of Class A Shares) directly held by BSPI and the Employee Funds. Calculations of the percentage of Class A Shares beneficially owned are based on (i) 265,743,768 Class A Shares outstanding as of April 2, 2025, as reported by the Issuer in its Periodic Report on Form 8-K filed with the Securities and Exchange Commission on April 2, 2025. See Item 5(a) above. As described herein, as of the date hereof, none of the Reporting Persons beneficially own more than five percent of the outstanding Class A Shares. This Amendment amends and supplements Item 7 as follows: Exhibit No. Description 99.1 Schedules I, II-A, and II-B The Goldman Sachs Group, Inc. /s/ Jamison Yardley Jamison Yardley, Attorney in Fact 04/08/2025 Goldman Sachs & Co. LLC /s/ Jamison Yardley Jamison Yardley, Attorney in Fact 04/08/2025 Broad Street Principal Investments, L.L.C. /s/ Jamison Yardley Jamison Yardley, Attorney in Fact 04/08/2025 StoneBridge 2017, L.P. /s/ Jamison Yardley Bridge Street Opportunity Advisors, L.L.C. its General Partner, By: Jamison Yardley, Attorney in Fact 04/08/2025 StoneBridge 2017 Offshore, L.P. /s/ Jamison Yardley Bridge Street Opportunity Advisors, L.L.C. its General Partner, By: Jamison Yardley, Attorney in Fact 04/08/2025 Bridge Street Opportunity Advisors, L.L.C. /s/ Jamison Yardley Jamison Yardley, Attorney in Fact 04/08/2025