Douglas Baker Smith - Jan 1, 2022 Form 4 Insider Report for Arena Group Holdings, Inc. (AREN)

Signature
/s/ Douglas Baker Smith
Stock symbol
AREN
Transactions as of
Jan 1, 2022
Transactions value $
-$256,263
Form type
4
Date filed
9/7/2022, 02:41 PM
Previous filing
Nov 23, 2021
Next filing
Oct 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AREN Common Stock Options Exercise +38.8K +1706.95% 41.1K Jan 1, 2022 Direct F1, F2, F3
transaction AREN Common Stock Options Exercise +3.23K +7.87% 44.3K Feb 1, 2022 Direct F1, F2, F3
transaction AREN Common Stock Options Exercise +3.23K +7.3% 47.5K Mar 1, 2022 Direct F1, F2, F3
transaction AREN Common Stock Options Exercise +3.23K +6.8% 50.8K Apr 1, 2022 Direct F1, F2, F3
transaction AREN Common Stock Options Exercise +3.23K +6.37% 54K May 1, 2022 Direct F1, F2, F3
transaction AREN Common Stock Options Exercise +3.23K +5.99% 57.2K Jun 1, 2022 Direct F1, F2, F3
transaction AREN Common Stock Options Exercise +3.23K +5.65% 60.5K Jul 1, 2022 Direct F1, F2, F3
transaction AREN Common Stock Tax liability -$256K -23.4K -38.7% $10.95 37.1K Jul 5, 2022 Direct F1, F4
transaction AREN Common Stock Options Exercise +3.23K +8.72% 40.3K Aug 1, 2022 Direct F1, F2, F3
transaction AREN Common Stock Options Exercise +3.23K +8.02% 43.5K Sep 1, 2022 Direct F1, F2, F3

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 Restricted Stock Units Options Exercise $0 -38.8K -33.33% $0.00 77.6K Jan 1, 2022 Common Stock $38.8K Direct F3, F5, F6
transaction AREN Restricted Stock Units Options Exercise $0 -3.23K -4.17% $0.00 74.4K Feb 1, 2022 Common Stock 3.23K Direct F3, F5, F6
transaction AREN Restricted Stock Units Options Exercise $0 -3.23K -4.35% $0.00 71.1K Mar 1, 2022 Common Stock 3.23K Direct F3, F5, F6
transaction AREN Stock Option (right to buy) Disposed to Issuer -45.5K -100% 0 Mar 18, 2022 Common Stock 45.5K $12.54 Direct F7, F8, F9
transaction AREN Stock Option (right to buy) Award +45.5K 45.5K Mar 18, 2022 Common Stock 45.5K $8.82 Direct F7, F8, F9
transaction AREN Stock Option (right to buy) Disposed to Issuer -22.7K -100% 0 Mar 18, 2022 Common Stock 22.7K $12.54 Direct F7, F8, F10
transaction AREN Stock Option (right to buy) Award +22.7K 22.7K Mar 18, 2022 Common Stock 22.7K $8.82 Direct F7, F8, F10
transaction AREN Stock Option (right to buy) Disposed to Issuer -48.4K -100% 0 Mar 18, 2022 Common Stock 48.4K $10.12 Direct F7, F8, F11
transaction AREN Stock Option (right to buy) Award +48.4K 48.4K Mar 18, 2022 Common Stock 48.4K $8.82 Direct F7, F8, F11
transaction AREN Stock Option (right to buy) Disposed to Issuer -49.9K -100% 0 Mar 18, 2022 Common Stock 49.9K $17.38 Direct F7, F8, F12
transaction AREN Stock Option (right to buy) Award +49.9K 49.9K Mar 18, 2022 Common Stock 49.9K $8.82 Direct F7, F8, F12
transaction AREN Restricted Stock Units Options Exercise $0 -3.23K -4.54% $0.00 67.9K Apr 1, 2022 Common Stock 3.23K Direct F3, F5, F6
transaction AREN Restricted Stock Units Options Exercise $0 -3.23K -4.76% $0.00 64.7K May 1, 2022 Common Stock 3.23K Direct F3, F5, F6
transaction AREN Restricted Stock Units Options Exercise $0 -3.23K -5% $0.00 61.4K Jun 1, 2022 Common Stock 3.23K Direct F3, F5, F6
transaction AREN Stock Option (right to buy) Award $0 +25K $0.00 25K Jun 6, 2022 Common Stock 25K $10.69 Direct F13
transaction AREN Restricted Stock Units Award $0 +25K $0.00 25K Jun 6, 2022 Common Stock 25K Direct F3, F14
transaction AREN Restricted Stock Units Options Exercise $0 -3.23K -5.26% $0.00 58.2K Jul 1, 2022 Common Stock 3.23K Direct F3, F5, F6
transaction AREN Restricted Stock Units Options Exercise $0 -3.23K -5.55% $0.00 55K Aug 1, 2022 Common Stock 3.23K Direct F3, F5, F6
transaction AREN Restricted Stock Units Options Exercise $0 -3.23K -5.88% $0.00 51.7K Sep 1, 2022 Common Stock 3.23K Direct F3, F5, F6
* 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 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 The Reporting Person acquired the shares of Common Stock pursuant to vested shares that were originally granted in a Restricted Stock Unit ("RSU") grant dated 2/18/2021. Each RSU represents a contingent right to receive 1 share of the Issuer's common stock.
F4 Shares forfeited pursuant to tax withholding.
F5 1/3 of the shares associated with the RSU vest on January 1, 2022, with the balance of shares associated with the RSU vesting in 24 equal monthly installments thereafter (in full shares, rounded as necessary)
F6 The RSU was previously reported as covering 2,560,976 shares (prior to the Reverse Stock Split, which is equal to 116,408 shares post Reverse Stock Split).
F7 Stock Option Repricing Program. On March 18, 2022 (the "Repricing Date"), the Compensation Committee of the Company unanimously approved a one-time repricing of certain stock options (the "Repricing") outstanding under the Company's 2016 Stock Incentive Plan and 2019 Equity Incentive Plan that had an exercise price above $8.82 per share (the "Underwater Stock Options"). As a result of the Repricing, the exercise price of the Underwater Stock Options was set to $8.82 per share, which was the closing sale price of the Company's Common Stock as listed on the NYSE American exchange on March 18, 2022, and which price represented the per share fair market value (the "FMV") on the Repricing Date.
F8 Pursuant to the Repricing, the exercise price was reduced for 166,437 Underwater Stock Options held by the filer, For each of the filer's stock option grants, reporting guidance suggests this should be reported as two transactions to reflect the lowering of the exercise price to $8.82, whereby the Underwater Stock Options are disposed and the Repriced option are acquired.
F9 The option was originally granted on March 11, 2019. The shares of the Company's Common Stock underlying the options as amended currently vest one-third on the one year anniversary, with the balance vesting monthly over the next 24 months.
F10 The option was originally granted also on March 112019. The shares of the Company's Common Stock underlying the options as amended currently vest one-third on the one year anniversary, with the balance vesting monthly over the next 24 months.
F11 The option was originally granted on April 10, 2019. The shares of the Company's Common Stock underlying the options as amended currently vest one-third on the one year anniversary, with the balance vesting monthly over the next 24 months.
F12 The option was originally granted on February 18, 2021. The shares of the Company's Common Stock underlying the options vest one-third on January 1, 2022, with the balance vesting monthly over the next 24 months.
F13 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.
F14 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.