| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | AREN | Common Stock | Options Exercise | $0 | +77,605 | +47% | $0.000000 | 241,197 | 26 Aug 2022 | Direct | |
| transaction | AREN | Common Stock | Options Exercise | $0 | +77,605 | +32% | $0.000000 | 318,802 | 28 Nov 2022 | Direct |
| 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 | +45,000 | $0.000000 | 45,000 | 06 Jun 2022 | Common Stock | 45,000 | $10.69 | Direct | F1 | |
| transaction | AREN | Restricted Stock Units | Award | $0 | +45,000 | $0.000000 | 45,000 | 06 Jun 2022 | Common Stock | 45,000 | Direct | F2, F3, F4 | ||
| transaction | AREN | Restricted Stock Units | Options Exercise | $0 | -77,605 | -100% | $0.000000* | 0 | 26 Aug 2022 | Common Stock | 77,605 | Direct | F2, F4, F5 | |
| transaction | AREN | Restricted Stock Units | Options Exercise | $0 | -77,605 | -33% | $0.000000 | 155,211 | 28 Nov 2022 | Common Stock | 77,605 | Direct | F4, F6, F7 |
| Id | Content |
|---|---|
| F1 | One-third of the options vests and becomes exercisable for shares of the Issuer's Common Stock on June 6, 2023, with the balance vesting in ratable increments monthly on the 6th over the next 24 months, subject to the reporting person's continued service to the Issuer on the applicable vesting date. |
| F2 | Each RSU represents a contingent right to receive 1 share of the Issuer's Common Stock. |
| F3 | One-third of this time-based RSU award will vest for shares of the Issuer's Common Stock on June 6, 2023, and the balance vests in ratable increments monthly on the 6th over the next 24 months, subject to the reporting person's continued service to the Issuer on the applicable vesting date. |
| F4 | These time-based RSUs do not expire. They either vest or are canceled if the reporting person's service to the Issuer ends. |
| F5 | 1/3 of the shares associated with this time-based RSU vested on the earliest of: (1) 45 days following the date the Common Stock is listed on a national securities exchange registered with the Securities and Exchange Commission under Section 6 of the Securities Exchange Act of 1934, (2) the date on which reporting person's continuous service is terminated for any reason whatsoever, and (3) August 26, 2021, so long as the reporting person was continuously employed by the Issuer or any affiliate immediately prior to such date. 1/3 of the shares associated with the RSU vested on the August 26, 2021, so long as the reporting person was continuously employed by the Issuer or any affiliate immediately prior to such date. 1/3 of the shares associated with the RSU vested on the August 26, 2022, so long as the reporting person was continuously employed by the Issuer or any affiliate immediately prior to such date. |
| F6 | Each RSU represents a contingent right to receive 1 share of the Issuer's Common Stock, subject to: (i) achievement of the applicable performance criteria for each tranche of the award; (ii) the Issuer's Common Stock continuing to be listed on a national securities exchange registered with the Securities and Exchange Commission under Section 6 of the Securities Exchange Act of 1934, as amended; and (iii) the reporting person's continued service to the Issuer on the applicable vesting date. |
| F7 | On the transaction date, the stock price targets which comprise the performance criteria associated with the vesting of this RSU award were achieved. As a result, one-third of this performance-based RSU award vested on November 28, 2022. The remainder of the award remains subject to achievement of additional stock price targets. |