Filing Details
- Accession Number:
- 0001213900-23-025026
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-03-31 09:19:10
- Reporting Period:
- 2023-03-31
- Accepted Time:
- 2023-03-31 09:19:10
- 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 | Insider Title | 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
| 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 | 2023-03-31 | 805,412 | $3.88 | 1,964,673 | No | 4 | P | Indirect | By B. Riley Securities, Inc. |
| Common Stock, Par Value $0.01 Per Share | Acquisiton | 2023-03-31 | 170,104 | $3.88 | 1,378,715 | No | 4 | P | Direct | |
| Common Stock, Par Value $0.01 Per Share | Acquisiton | 2023-03-31 | 10,309 | $3.88 | 25,809 | No | 4 | P | Indirect | By Bryant R. Riley, as UTMA custodian for Charlie Riley |
| Common Stock, Par Value $0.01 Per Share | Acquisiton | 2023-03-31 | 7,732 | $3.88 | 23,232 | No | 4 | P | Indirect | By Bryant R. Riley, as UTMA custodian for Eloise Riley |
| Common Stock, Par Value $0.01 Per Share | Acquisiton | 2023-03-31 | 7,732 | $3.88 | 23,232 | No | 4 | P | Indirect | By Bryant R. Riley, as UTMA custodian for Susan Riley |
| Common Stock, Par Value $0.01 Per Share | Acquisiton | 2023-03-31 | 7,732 | $3.88 | 23,232 | No | 4 | P | Indirect | By Bryant R. Riley, as UTMA custodian for Abigail Riley |
| 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 | Indirect | By Bryant R. Riley, as UTMA custodian for Charlie Riley |
| No | 4 | P | Indirect | By Bryant R. Riley, as UTMA custodian for Eloise Riley |
| No | 4 | P | Indirect | By Bryant R. Riley, as UTMA custodian for Susan Riley |
| No | 4 | P | Indirect | By Bryant R. Riley, as UTMA custodian for Abigail Riley |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock, Par Value $0.01 Per Share | 3,433,532 | Indirect | By BRF Investments, LLC |
| Common Stock, Par Value $0.01 Per Share | 14,162 | Indirect | By B. Riley Principal Investments, LLC |
Reported Derivative Holdings
| 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).
Billionaire Hedge Funds
