Spiridon Christoforatos - Jun 6, 2022 Form 4 Insider Report for Arena Group Holdings, Inc. (AREN)

Role
Chief Accounting Officer
Signature
/s/ Spiridon Christoforatos
Stock symbol
AREN
Transactions as of
Jun 6, 2022
Transactions value $
$0
Form type
4
Date filed
8/1/2022, 04:01 PM
Previous filing
May 17, 2022

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 Stock Option (right to buy) Award $0 +8.26K $0.00 8.26K Jun 6, 2022 Common Stock 8.26K $10.69 Direct F1, F2, F4
transaction AREN Restricted Stock Units Award $0 +8.26K $0.00 8.26K Jun 6, 2022 Common Stock 8.26K Direct F1, F2, F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 9, 2022, the Company (formerly known as theMaven, Inc.) changed its name to The Arena Group Holdings, Inc., uplisted its common stock to the NYSE American, and began trading under the symbol "AREN."
F2 Effective at 8:00 p.m. Eastern Time on February 8, 2022, the common stock of the Company, par value $0.01 (the "Common Stock"), underwent a reverse split of 1-for-22 (the "Reverse Stock Split"). All amounts of Common Stock and/or other securities listed herein, and all exercise prices of derivative securities, have been adjusted to reflect the effect of the Reverse Stock Split (even if the listed transaction occurred before the effective date of the Reverse Stock Split).
F3 Each RSU represents a contingent right to receive 1 share of the Issuer's common stock.
F4 The option was originally granted on June 6, 2022. The shares of the Company's Common Stock underlying the options vest one-third on June 6, 2023, with the balance vesting monthly over the next 24 months.
F5 The RSU was originally granted on June 6, 2022. The shares of the Company's Common Stock underlying the RSU vest one-third on June 6, 2023, with the balance vesting monthly over the next 24 months.