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.