Key facts
- This page summarizes BRC Group Holdings, Inc.'s Form 4 filing for Arena Group Holdings, Inc. (AREN).
- 8 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 04 Dec 2023, 07:00.
BRC Group Holdings, Inc. - 30 Nov 2023 Form 4 Insider Report for Arena Group Holdings, Inc. (AREN)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- AREN
- Reported as of
- 30 Nov 2023
- Net transaction value
- -$21,460,049
- SEC form
- 4
- Accepted by SEC
- 04 Dec 2023, 07:00:11 UTC
- Prior SEC filing
- 16 Nov 2023
- Next SEC filing
- 09 Jan 2024
- Source filing
- View source filing
- Reporting owner signature
- B. Riley Financial, Inc., by: /s/ Bryant R. Riley, Co-Chief Executive Officer
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
BRC Group Holdings, Inc. filed Form 4 for Arena Group Holdings, Inc. (AREN) on 04 Dec 2023.
Change
- Previous filing in this sequence was filed on 16 Nov 2023.
- Current net transaction value: -$21,460,049.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
AREN
transaction
Common Stock, par value $0.01 per share
Sale
- Transaction value
- $15,437,518
- Shares
- -5,323,282
- Change %
- -100%
- Price
- $2.90
- Shares after
- 0
- Date
- 30 Nov 2023
- Ownership
- By BRF Investments, LLC
- Footnotes
- F1, F2, F3
AREN
transaction
Common Stock, par value $0.01 per share
Sale
- Transaction value
- $1,053,413
- Shares
- -363,246
- Change %
- -100%
- Price
- $2.90
- Shares after
- 0
- Date
- 30 Nov 2023
- Ownership
- By B. Riley Securities, Inc.
- Footnotes
- F1, F2, F3
AREN
transaction
Common Stock, par value $0.01 per share
Sale
- Transaction value
- $85,092
- Shares
- -29,342
- Change %
- -100%
- Price
- $2.90
- Shares after
- 0
- Date
- 30 Nov 2023
- Ownership
- By B. Riley Principal Investments, LLC
- Footnotes
- F1, F2, F3
AREN
transaction
Common Stock, par value $0.01 per share
Sale
- Transaction value
- $4,607,062
- Shares
- -1,588,642
- Change %
- -100%
- Price
- $2.90
- Shares after
- 0
- Date
- 30 Nov 2023
- Ownership
- Direct
- Footnotes
- F4
AREN
transaction
Common Stock, par value $0.01 per share
Sale
- Transaction value
- $67,373
- Shares
- -23,232
- Change %
- -100%
- Price
- $2.90
- Shares after
- 0
- Date
- 30 Nov 2023
- Ownership
- By Bryant R. Riley, as UTMA custodian for Abigail Riley
- Footnotes
- F1, F3
AREN
transaction
Common Stock, par value $0.01 per share
Sale
- Transaction value
- $74,846
- Shares
- -25,809
- Change %
- -100%
- Price
- $2.90
- Shares after
- 0
- Date
- 30 Nov 2023
- Ownership
- By Bryant R. Riley, as UTMA custodian for Charlie Riley
- Footnotes
- F1, F3
AREN
transaction
Common Stock, par value $0.01 per share
Sale
- Transaction value
- $67,373
- Shares
- -23,232
- Change %
- -100%
- Price
- $2.90
- Shares after
- 0
- Date
- 30 Nov 2023
- Ownership
- By Bryant R. Riley, as UTMA custodian for Susan Riley
- Footnotes
- F1, F3
AREN
transaction
Common Stock, par value $0.01 per share
Sale
- Transaction value
- $67,373
- Shares
- -23,232
- Change %
- -100%
- Price
- $2.90
- Shares after
- 0
- Date
- 30 Nov 2023
- Ownership
- By Bryant R. Riley, as UTMA custodian for Eloise Riley
- Footnotes
- F1, F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
AREN
holding
Derivative
Warrants to purchase Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 28,409
- Date
- 30 Nov 2023
- Ownership
- By BRF Investments, LLC
- Underlying class
- Common Stock, par value $0.01 per share
- Underlying amount
- 28,409
- Exercise price
- $1.00
- Footnotes
- F1, F2, F3, F5, F6
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
BRC Group Holdings, Inc. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 6 footnotes
Footnote F1
This Form 4 is filed jointly by B. Riley Financial, Inc., a Delaware corporation ("BRF"), B. Riley Securities, Inc., a Delaware corporation ("BRS"), B. Riley Principal Investments, LLC, a Delaware limited liability company ("BRPI"), BRF Investments, LLC, a Delaware corporation ("BRFI"), and Bryant R. Riley.
Footnote F2
BRF is the parent company of BRS, BRPI and BRFI. As a result, BRF may be deemed to indirectly beneficially own the securities of The Arena Group Holdings, Inc. (the "Issuer") held of record by BRS, BRPI and BRFI. BRF expressly disclaims beneficial ownership of the securities of the Issuer reported herein held indirectly except to the extent of such Reporting Person's pecuniary interest therein.
Footnote F3
Bryant R. Riley, as Chief Executive Officer of BRCM and Chairman and Co-Chief Executive Officer of BRF, has voting power and dispositive power over the securities of the Issuer held of record by BRS, BRPI and BRFI. As a result, Bryant R. Riley may be deemed to indirectly beneficially own the securities of the Issuer held of record by BRS, BRPI and BRFI. Bryant R. Riley expressly disclaims beneficial ownership of the securities of the Issuer reported herein held indirectly except to the extent of his pecuniary interest therein.
Footnote F4
Represents shares held directly by Bryant R. Riley.
Footnote F5
The warrants to purchase shares of Common Stock (the "Warrants") held by BRS are exercisable on or prior to October 20, 2025 at an initial exercise price of $1.00 per share. The Warrants are only exercisable in the event the Issuer amends its Certificate of Incorporation to authorize additional shares of Common Stock upon receiving shareholder approval of such amendment. This amendment has not been filed and/or accepted by the State of Delaware as of the date of this filing. The Warrants are also subject to a beneficial ownership limitation of 4.99%.
Footnote F6
Represents warrants previously held by BRPI and subsequently transferred to BRFI, and reflects the 1-for-22 reverse stock split effected on February 9, 2022 in connection with the Issuer uplisting its Common Stock to the NYSE American stock exchange.