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

Role
Director
Signature
/s/ Herbert Hunt Allred
Stock symbol
AREN
Transactions as of
Nov 22, 2021
Transactions value $
$630,145
Form type
4
Date filed
11/24/2021, 12:39 PM
Previous filing
Oct 27, 2021
Next filing
Jun 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AREN Common Stock Conversion of derivative security $75K +227K +190.39% $0.33* 347K Nov 22, 2021 Direct F1
transaction AREN Common Stock Conversion of derivative security $165K +500K +139.99% $0.33* 857K Nov 22, 2021 Allred 2002 Trust - HHA F1, F2
transaction AREN Common Stock Conversion of derivative security $165K +500K +139.99% $0.33* 857K Nov 22, 2021 Allred 2002 Trust - NLA F1, F3
transaction AREN Common Stock Conversion of derivative security $225K +682K +106.08% $0.33* 1.32M Nov 22, 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% $0.00* 0 Nov 22, 2021 Common Stock 227K Direct F1, F5
transaction AREN Series H Convertible Preferred Stock Conversion of derivative security $0 -165 -100% $0.00* 0 Nov 22, 2021 Common Stock 500K Allred 2002 Trust - HHA F1, F2, F5
transaction AREN Series H Convertible Preferred Stock Conversion of derivative security $0 -165 -100% $0.00* 0 Nov 22, 2021 Common Stock 500K Allred 2002 Trust - NLA F1, F3, F5
transaction AREN Series H Convertible Preferred Stock Conversion of derivative security $0 -225 -100% $0.00* 0 Nov 22, 2021 Common Stock 682K 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.