BRC Group Holdings, Inc. - 05 Apr 2023 Form 4 Insider Report for Arena Group Holdings, Inc. (AREN)

Role
10%+ Owner
Signature
B. Riley Financial, Inc., by: /s/ Bryant R. Riley, Co-Chief Executive Officer
Issuer symbol
AREN
Transactions as of
05 Apr 2023
Net transactions value
+$33,067
Form type
4
Filing time
06 Apr 2023, 21:30:45 UTC
Previous filing
06 Apr 2023
Next filing
13 Apr 2023
SEC
View on sec.gov

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Quoteable Key Fact

"BRC Group Holdings, Inc. filed Form 4 for Arena Group Holdings, Inc. (AREN) on 06 Apr 2023."

Quick Takeaways

  • This page summarizes BRC Group Holdings, Inc.'s Form 4 filing for Arena Group Holdings, Inc. (AREN).
  • 1 reported transaction and 2 derivative rows are listed below.
  • Filing timestamp: 06 Apr 2023, 21:30.

What Changed

  • Previous filing in this sequence was filed on 06 Apr 2023.
  • Current net transaction value: +$33,067.

Why This Matters

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Official SEC Source

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AREN Common Stock, par value $0.01 per share Purchase $33,067 +9,493 +0.69% $3.48 1,388,208 05 Apr 2023 Direct F4
holding AREN Common Stock, par value $0.01 per share 25,809 05 Apr 2023 By Bryant R. Riley, as UTMA custodian for Charlie Riley F1, F3
holding AREN Common Stock, par value $0.01 per share 23,232 05 Apr 2023 By Bryant R. Riley, as UTMA custodian for Eloise Riley F1, F3
holding AREN Common Stock, par value $0.01 per share 23,232 05 Apr 2023 By Bryant R. Riley, as UTMA custodian for Susan Riley F1, F3
holding AREN Common Stock, par value $0.01 per share 23,232 05 Apr 2023 By Bryant R. Riley, as UTMA custodian for Abigail Riley F1, F3
holding AREN Common Stock, par value $0.01 per share 1,964,673 05 Apr 2023 By B. Riley Securities, Inc. F1, F2, F3
holding AREN Common Stock, par value $0.01 per share 3,433,532 05 Apr 2023 By BRF Investments, LLC F1, F2, F3
holding AREN Common Stock, par value $0.01 per share 14,162 05 Apr 2023 By B. Riley Principal Investments, LLC F1, F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding AREN Series H Preferred Stock, par value $0.01 per share 110 05 Apr 2023 Common Stock, par value $0.01 per share $0.3300 By B. Riley Principal Investments, LLC F1, F2, F3, F5
holding AREN Series H Preferred Stock, par value $0.01 per share 865 05 Apr 2023 Common Stock, par value $0.01 per share $0.3300 By BRF Investments, LLC F1, F2, F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Form 4 is filed jointly by B. Riley Financial, Inc., a Delaware corporation ("BRF"), B. Riley Securities, Inc., a Delaware corporation ("BRS"), B. Riley Principal Investments, LLC, a Delaware limited liability company ("BRPI"), BRF Investments, LLC, a Delaware corporation ("BRFI"), and Bryant R. Riley.
F2 BRF is the parent company of BRS, BRPI and BRFI. As a result, BRF may be deemed to indirectly beneficially own the securities of The Arena Group Holdings, Inc. (the "Issuer") held of record by BRS, BRPI and BRFI. BRF expressly disclaims beneficial ownership of the securities of the Issuer reported herein held indirectly except to the extent of such Reporting Person's pecuniary interest therein.
F3 Bryant R. Riley, as Chief Executive Officer of BRCM and Chairman and Co-Chief Executive Officer of BRF, has voting power and dispositive power over the securities of the Issuer held of record by BRS, BRPI and BRFI. As a result, Bryant R. Riley may be deemed to indirectly beneficially own the securities of the Issuer held of record by BRS, BRPI and BRFI. Bryant R. Riley expressly disclaims beneficial ownership of the securities of the Issuer reported herein held indirectly except to the extent of his pecuniary interest therein.
F4 Represents shares held directly by Bryant R. Riley.
F5 Subject to the conversion limitation described in the next sentence, the reported security is convertible into common stock of the Issuer at any time, and has no expiration date, but is subject to mandatory conversion on the fifth anniversary of the issuance date. The reported security is subject to a conversion limitation that prohibits the Issuer from effecting a conversion of the reported security into common stock if giving effect to the conversion would cause the holder to beneficially own (together with its affiliates or any "group" members) in excess of 4.99% of the common stock (or, upon notice by the holder, in excess of 9.99% of the common stock).

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