Herbert Hunt Allred - 22 Nov 2021 Form 4 Insider Report for theMaven, Inc. (AREN)

Role
Director
Signature
/s/ Herbert Hunt Allred
Issuer symbol
AREN
Transactions as of
22 Nov 2021
Net transactions value
+$630,145
Form type
4
Filing time
24 Nov 2021, 12:39:20 UTC
Previous filing
27 Oct 2021
Next filing
01 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AREN Common Stock Conversion of derivative security $75,017 +227,325 +190% $0.3300* 346,722 22 Nov 2021 Direct F1
transaction AREN Common Stock Conversion of derivative security $165,038 +500,115 +140% $0.3300* 857,365 22 Nov 2021 Allred 2002 Trust - HHA F1, F2
transaction AREN Common Stock Conversion of derivative security $165,038 +500,115 +140% $0.3300* 857,365 22 Nov 2021 Allred 2002 Trust - NLA F1, F3
transaction AREN Common Stock Conversion of derivative security $225,052 +681,975 +106% $0.3300* 1,324,875 22 Nov 2021 Redcap Investments, LP F1, F4

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 Conversion of derivative security $0 -75 -100% $0.000000* 0 22 Nov 2021 Common Stock 227,325 Direct F1, F5
transaction AREN Series H Convertible Preferred Stock Conversion of derivative security $0 -165 -100% $0.000000* 0 22 Nov 2021 Common Stock 500,115 Allred 2002 Trust - HHA F1, F2, F5
transaction AREN Series H Convertible Preferred Stock Conversion of derivative security $0 -165 -100% $0.000000* 0 22 Nov 2021 Common Stock 500,115 Allred 2002 Trust - NLA F1, F3, F5
transaction AREN Series H Convertible Preferred Stock Conversion of derivative security $0 -225 -100% $0.000000* 0 22 Nov 2021 Common Stock 681,975 Redcap Investments, LP F1, F4, F5
* 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 Brittny Allred, Mr. Allred's spouse, is Trustee of this irrevocable trust, of which Mr. Allred is a beneficiary.
F3 Brittny Allred, Mr. Allred's spouse, is Trustee of this irrevocable trust, of which Nancy Allred Collins, Mr. Allred's sister, is a beneficiary.
F4 Mr. Allred is a 25% owner of Redcap Investments, LP. Mr. Allred is currently President of its General Partner, Redcap Investments Management, LLC.
F5 The Series H Convertible Preferred Stock does not expire.