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Filing Details

Accession Number:: 0001213900-21-052148
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-10-08 20:51:28
Reporting Period:: 2021-10-06

Accepted Time:: 2021-10-08 20:51:28
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
894871	Themaven Inc.	MVEN	Cable & Other Pay Television Services (4841)	680232575

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1207269	R Bryant Riley	11100 Santa Monica Blvd., Suite 800 Los Angeles CA 90025	No	No	Yes	No
1464790	B. Riley Financial, Inc.	11100 Santa Monica Blvd., Suite 800 Los Angeles CA 90025	No	No	Yes	No
1776226	B. Riley Principal Investments, Llc	11100 Santa Monica Blvd., Suite 800 Los Angeles CA 90025	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $0.01 Per Share	Acquisiton	2021-10-06	4,094,708	$0.00	4,094,708	No	4	P	Indirect	By B. Riley Principal Investments, LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By B. Riley Principal Investments, LLC

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock, Par Value $0.01 Per Share	Series H Preferred Stock, par value $0.01 per share	Acquisiton	2021-10-06	110	$0.00	0	$0.33

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
110	2020-08-19		No	4	P	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, Par Value $0.01 Per Share	7,612,089	Indirect	By BRC Partners Opportunity Fund, LP
Common Stock, Par Value $0.01 Per Share	71,442,983	Indirect	By BRF Investments, LLC

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock, Par Value $0.01 Per Share	Series H Preferred Stock, par value $0.01 per share	$0.33	2020-08-19		0	2,500	Indirect
Common Stock, Par Value $0.01 Per Share	Series H Preferred Stock, par value $0.01 per share	$0.33	2021-08-19		0	865	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	0	2,500	Indirect
	0	865	Indirect

Footnotes

This Form 4 is filed jointly by B. Riley Financial, Inc., a Delaware corporation ("BRF"), B. Riley Principal Investments, LLC, a Delaware limited liability company ("BRPI"), and Bryant Riley.
BRF is the parent company of BRPI. As a result, BRF may be deemed to indirectly beneficially own the securities of theMaven, Inc. (the "Issuer") held of record by BRPI. BRC Partners Opportunity Fund, LP, a Delaware limited partnership ("BRPLP"), is a subsidiary of B. Riley Capital Management, LLC, a New York limited liability company ("BRCM"), a registered investment advisor, and is the general partner of BRPLP. BRF is the parent company of BRCM. As a result, BRPGP, BRCM and BRF may be deemed to indirectly beneficially own the securities of the Issuer held of record by BRPLP. BRF is the parent company of BRF Investments, LLC ("BRFI"). As a result, BRF may be deemed to indirectly beneficially own the securities of the Issuer held of record by BRFI. Each of BRF, BRPGP and BRCM 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.
Bryant 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 BRPLP, BRPI and BRFI. As a result, Bryant Riley may be deemed to indirectly beneficially own the securities of the Issuer held of record by BRPLP, BRPI and BRFI. Mr. Riley expressly disclaims beneficial ownership of the securities of the Issuer reported herein held indirectly except to the extent of his pecuniary interest therein.
The reported securities were acquired in consideration for the satisfaction of $2.8 million of indebtedness, plus accrued and unpaid interest, owed by the prior chief executive officer of the Issuer to BRPI.
5. Subject to the conversion limitation described in the next sentence, the reported security is convertible into common stock of the Issuer at any time, and has no expiration date, but is subject to mandatory conversion on the fifth anniversary of the issuance date. The reported security is subject to a conversion limitation that prohibits the Issuer from effecting a conversion of the reported security into common stock if giving effect to the conversion would cause the holder to beneficially own (together with its affiliates or any "group" members) in excess of 4.99% of the common stock (or, upon notice by the holder, in excess of 9.99% of the common stock).