Levinsohn Ross 4
4 · Arena Group Holdings, Inc. · Filed Aug 14, 2023
Insider Transaction Report
Form 4
Levinsohn Ross
Director
Transactions
- Conversion
Series H Convertible Preferred Stock
2023-08-10$1000.00/sh−200$200,000→ 0 totalExercise: $7.26→ Common Stock (27,600 underlying) - Conversion
Common Stock
2023-08-10$7.26/sh+27,600$200,376→ 289,314 total
Footnotes (1)
- [F1]The reported transaction represents the mandatory conversion of the Issuer's outstanding shares of Series H Convertible Preferred Stock, which converted to Common Stock on August 10, 2023, pursuant to the Certificate of Designation of Preferences, Rights and Limitations of Series H Convertible Preferred Stock (the "Certificate of Designation") filed by the Issuer on or about August 8, 2018 with the Secretary of State of the State of Delaware. Pursuant to the Certificate of Designation, the conversion occurred automatically on the fifth anniversary of August 10, 2018, through no action on the part of the reporting person, and each share of Series H Convertible Preferred Stock converted into 138 shares of the Issuer's Common Stock.