Ross Levinsohn - Aug 16, 2021 Form 4 Insider Report for theMaven, Inc. (AREN)

Role: Chief Executive Officer, Director
Signature: /s/ Ross Levinsohn
Stock symbol: AREN
Transactions as of: Aug 16, 2021
Transactions value $: -$185,250
Form type: 4
Date filed: 11/23/2021, 12:14 PM
Next filing: May 25, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AREN	Common Stock	Award	$14.8K	+25K	+2.01%	$0.59^*	1.27M	Nov 22, 2021	Direct

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
transaction	AREN	Series H Convertible Preferred Stock	Award	-$200K	-200	-50%	$1,000.00^*	200	Aug 16, 2021	Common Stock	606K	$0.33	Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	As converted from issuer's 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 converted 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
F2	The Series H Convertible Preferred Stock does not expire.
F3	Mr. Levinsohn invested $200,000 into the Heckman Maven Investment Fund, L.P. (the "Fund", an owner of shares of the Series H Preferred Stock), which investment resulted in Mr. Levinsohn beneficially owning 200 shares of Series H Preferred Stock. The Fund transferred to Mr. Levinsohn 200 shares of Series H Preferred Stock, which shares are now directly owned by Mr. Levinsohn.