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Filing Details

Accession Number:: 0001213900-22-009067
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-02-23 21:30:47
Reporting Period:: 2022-02-18

Accepted Time:: 2022-02-23 21:30:47
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
894871	Arena Group Holdings Inc.	AREN	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
1505748	B. Riley Securities, 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
1880803	Brf 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	2022-02-18	10,000	$8.25	978,044	No	4	P	Indirect	By B. Riley Securities, Inc.
Common Stock, Par Value $0.01 Per Share	Acquisiton	2022-02-18	47,421	$8.26	1,069,520	No	4	P	Direct
Common Stock, Par Value $0.01 Per Share	Acquisiton	2022-02-22	77,517	$8.25	1,147,037	No	4	P	Direct
Common Stock, Par Value $0.01 Per Share	Acquisiton	2022-02-23	12,901	$8.25	1,159,938	No	4	P	Direct
Common Stock, Par Value $0.01 Per Share	Acquisiton	2022-02-23	47,952	$8.03	1,025,996	No	4	P	Indirect	By B. Riley Securities, Inc.

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By B. Riley Securities, Inc.
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Indirect	By B. Riley Securities, Inc.

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, Par Value $0.01 Per Share	15,500	Indirect	By Bryant R. Riley, as UTMA custodian for Charlie Riley
Common Stock, Par Value $0.01 Per Share	15,500	Indirect	By Bryant R. Riley, as UTMA custodian for Eloise Riley
Common Stock, Par Value $0.01 Per Share	15,500	Indirect	By Bryant R. Riley, as UTMA custodian for Susan Riley
Common Stock, Par Value $0.01 Per Share	15,500	Indirect	By Bryant R. Riley, as UTMA custodian for Abigail Riley
Common Stock, Par Value $0.01 Per Share	3,433,532	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	110	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	110	Indirect
	0	865	Indirect

Footnotes

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.
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.
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.
Represents shares held directly by Bryant R. Riley.
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).
The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $8.00 to $8.15, inclusive. The Reporting Persons undertakes to provide to the Commission, upon request, full information regarding the number of shares purchased at each separate price.