Simplify Inventions, LLC - Dec 1, 2023 Form 3 Insider Report for Arena Group Holdings, Inc. (AREN)

Role
10%+ Owner
Signature
/s/ Laurie L. Green, Attorney-in-Fact for Manoj Bhargava as Manager of Simplify Inventions, LLC
Stock symbol
AREN
Transactions as of
Dec 1, 2023
Transactions value $
$0
Form type
3
Date filed
12/8/2023, 04:42 PM
Next filing
Feb 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AREN Common Stock, par value $0.01 per share 10.5M Dec 1, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Arena Group Holdings, Inc. (the "Issuer") common stock ("Common Stock") are held by Simplify Inventions, LLC ("Simplify"). Manoj Bhargava is the sole manager, the control person and the Chief Executive Officer of Simplify and has sole voting and investment discretion with respect to the shares of Common Stock held by Simplify. Mr. Bhargava disclaims any beneficial ownership of the securities held by Simplify other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
F2 Pursuant to Rule 16a-1(a)(4) under the Exchange Act, this filing shall not be deemed an admission that Simplify and Mr. Bhargava (together, the "Reporting Persons") are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owners of any equity securities in excess of their respective pecuniary interests.

Remarks:

See Exhibit 24