Filing Details
- Accession Number:
- 0001213900-23-092321
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-12-04 07:00:11
- Reporting Period:
- 2023-11-30
- Accepted Time:
- 2023-12-04 07:00:11
- 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 | Disposition | 2023-11-30 | 5,323,282 | $2.90 | 0 | No | 4 | S | Indirect | By BRF Investments, LLC |
| Common Stock, Par Value $0.01 Per Share | Disposition | 2023-11-30 | 363,246 | $2.90 | 0 | No | 4 | S | Indirect | By B. Riley Securities, Inc. |
| Common Stock, Par Value $0.01 Per Share | Disposition | 2023-11-30 | 29,342 | $2.90 | 0 | No | 4 | S | Indirect | By B. Riley Principal Investments, LLC |
| Common Stock, Par Value $0.01 Per Share | Disposition | 2023-11-30 | 1,588,642 | $2.90 | 0 | No | 4 | S | Direct | |
| Common Stock, Par Value $0.01 Per Share | Disposition | 2023-11-30 | 23,232 | $2.90 | 0 | No | 4 | S | Indirect | By Bryant R. Riley, as UTMA custodian for Abigail Riley |
| Common Stock, Par Value $0.01 Per Share | Disposition | 2023-11-30 | 25,809 | $2.90 | 0 | No | 4 | S | Indirect | By Bryant R. Riley, as UTMA custodian for Charlie Riley |
| Common Stock, Par Value $0.01 Per Share | Disposition | 2023-11-30 | 23,232 | $2.90 | 0 | No | 4 | S | Indirect | By Bryant R. Riley, as UTMA custodian for Susan Riley |
| Common Stock, Par Value $0.01 Per Share | Disposition | 2023-11-30 | 23,232 | $2.90 | 0 | No | 4 | S | Indirect | By Bryant R. Riley, as UTMA custodian for Eloise Riley |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Indirect | By BRF Investments, LLC |
| No | 4 | S | Indirect | By B. Riley Securities, Inc. |
| No | 4 | S | Indirect | By B. Riley Principal Investments, LLC |
| No | 4 | S | Direct | |
| No | 4 | S | Indirect | By Bryant R. Riley, as UTMA custodian for Abigail Riley |
| No | 4 | S | Indirect | By Bryant R. Riley, as UTMA custodian for Charlie Riley |
| No | 4 | S | Indirect | By Bryant R. Riley, as UTMA custodian for Susan Riley |
| No | 4 | S | Indirect | By Bryant R. Riley, as UTMA custodian for Eloise Riley |
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 | Warrants to purchase Common Stock | $1.00 | 2025-10-20 | 28,409 | 28,409 | Indirect |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2025-10-20 | 28,409 | 28,409 | 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.
- 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%.
- 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.
Billionaire Hedge Funds
