Herbert Hunt Allred - 07 Oct 2021 Form 3 Insider Report for theMaven, Inc. (AREN)

Role
Director
Signature
/s/ Herbert Hunt Allred
Issuer symbol
AREN
Transactions as of
07 Oct 2021
Net transactions value
$0
Form type
3
Filing time
27 Oct 2021, 12:50:02 UTC
Next filing
24 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AREN Common Stock 56,897 07 Oct 2021 Direct
holding AREN Common Stock 357,250 07 Oct 2021 Allred 2002 Trust - HHA F1
holding AREN Common Stock 357,250 07 Oct 2021 Allred 2002 Trust - NLA F2
holding AREN Common Stock 642,900 07 Oct 2021 Redcap Investments, LP 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 Convertible Preferred Stock 07 Oct 2021 Common Stock 227,325 $0.3300 Direct F4
holding AREN Series H Convertible Preferred Stock 07 Oct 2021 Common Stock 500,115 $0.3300 Allred 2002 Trust - HHA F1, F4
holding AREN Series H Convertible Preferred Stock 07 Oct 2021 Common Stock 500,115 $0.3300 Allred 2002 Trust - NLA F2, F4
holding AREN Series H Convertible Preferred Stock 07 Oct 2021 Common Stock 681,975 $0.3300 Redcap Investments, LP F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Brittny Allred, Mr. Allred's spouse, is Trustee of this irrevocable trust, of which Mr. Allred is a beneficiary.
F2 Brittny Allred, Mr. Allred's spouse, is Trustee of this irrevocable trust, of which Nancy Allred Collins, Mr. Allred's sister, is a beneficiary.
F3 Mr. Allred is a 25% owner of Redcap Investments, LP. Mr. Allred is currently President of its General Partner, Redcap Investments Management, LLC.
F4 The Issuer issued its Series H Convertible Preferred Stock, par value $0.01 per share (the "Series H Preferred Stock") at a stated value equal to $1,000 per share. The Series H Preferred Stock is convertible at the option of the holder, subject to a beneficial ownership limitation of 4.99%, at a rate of 3,031 shares of Common Stock for every share of Series H Convertible Preferred Stock. The beneficial ownership limitation may be increased to up to 9.99% at the election of the applicable holder upon 60 days' prior notice to the Issuer. The Series H Preferred Stock will automatically convert into shares of common stock on the fifth anniversary of the closing date at the then-conversion price. The Series H Preferred Stock does not have an expiration date.