Sec Form 4 Filing - Edmondson Paul Taylor @ Arena Group Holdings, Inc. - 2022-01-01

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Edmondson Paul Taylor 2. Issuer Name and Ticker or Trading Symbol Arena Group Holdings, Inc. [ AREN] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) President, Platform (Last) (First) (Middle) 200 VESEY ST. 24TH FLOOR 3. Date of Earliest Transaction (MM/DD/YY) 01/01/2022 (Street) NEW YORK, NY10281 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock( 1 )( 2 ) 01/01/2022 M 51,732 A 61,283( 2 ) D Common Stock( 1 )( 2 ) 01/07/2022 D 735 D $ 88 60,548( 2 )( 4 ) D Common Stock( 1 )( 2 ) 01/07/2022 D 30 D $ 88 350( 2 )( 5 ) I( 6 ) See footnote( 6 ) Common Stock( 1 )( 2 ) 02/01/2022 M 4,312 A 64,860( 2 ) D Common Stock( 1 )( 2 ) 02/05/2022 D 1,470 D $ 88 63,390( 2 )( 7 ) D Common Stock( 1 )( 2 ) 02/05/2022 D 58 D $ 88 292( 2 )( 8 ) I( 6 ) See footnote( 6 ) Common Stock( 1 )( 2 ) 03/01/2022 M 4,311 A 67,701( 2 ) D Common Stock( 1 )( 2 ) 03/02/2022 D 735 D $ 88 66,966( 2 )( 9 ) D Common Stock( 1 )( 2 ) 03/02/2022 D 29 D $ 88 263( 2 )( 10 ) I( 6 ) See footnote( 6 ) Common Stock( 1 )( 2 ) 04/01/2022 M 4,312 A 71,278( 2 ) D Common Stock( 1 )( 2 ) 04/05/2022 D 6,608 D $ 88 64,670( 2 )( 11 ) D Common Stock( 1 )( 2 ) 04/05/2022 D 263 D $ 88 0( 2 )( 12 ) I( 6 ) See footnote( 6 ) Common Stock( 1 )( 2 ) 05/01/2022 M 4,312 A 68,982( 2 ) D Common Stock( 1 )( 2 ) 06/01/2022 M 4,311 A 73,293( 2 ) D Common Stock( 1 )( 2 ) 07/01/2022 M 4,312 A 77,605( 2 ) D Common Stock( 1 )( 13 ) 07/05/2022 F 32,351 D $ 10.95 45,254 D Common Stock( 1 )( 2 ) 08/01/2022 M 4,312 A 49,566( 2 ) D Common Stock( 1 )( 2 ) 09/01/2022 M 4,311 A 53,877( 2 ) D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Restricted Stock Units ( 3 ) 01/01/2022 M 51,732 ( 14 )( 15 ) ( 14 )( 15 ) Common Stock 51,732 $ 0 103,479 D Restricted Stock Units ( 3 ) 02/01/2022 M 4,312 ( 14 )( 15 ) ( 14 )( 15 ) Common Stock 4,312 $ 0 99,167 D Restricted Stock Units ( 3 ) 03/01/2022 M 4,311 ( 14 )( 15 ) ( 14 )( 15 ) Common Stock 4,311 $ 0 94,856 D Stock Option (right to buy) $ 11.93 03/18/2022 D( 16 )( 17 ) 4,546 ( 18 ) 09/13/2028 Common Stock 4,546 ( 8 ) 0 D Stock Option (right to buy) $ 8.82 03/18/2022 A( 16 )( 17 ) 4,546 ( 18 ) 09/13/2028 Common Stock 4,546 ( 8 ) 4,546 D Stock Option (right to buy) $ 10.12 03/18/2022 D( 16 )( 17 ) 219,837 ( 19 ) 04/10/2029 Common Stock 219,837 ( 8 ) 0 D Stock Option (right to buy) $ 8.82 03/18/2022 A( 16 )( 17 ) 219,837 ( 19 ) 04/10/2029 Common Stock 219,837 ( 8 ) 219,837 D Stock Option (right to buy) $ 17.38 03/18/2022 D( 16 )( 17 ) 66,519 ( 20 ) 02/18/2031 Common Stock 66,519 ( 8 ) 0 D Stock Option (right to buy) $ 8.82 03/18/2022 A( 16 )( 17 ) 66,519 ( 20 ) 02/18/2031 Common Stock 66,519 ( 8 ) 66,519 D Restricted Stock Units ( 3 ) 04/01/2022 M 4,312 ( 14 )( 15 ) ( 14 )( 15 ) Common Stock 4,312 $ 0 90,544 D Restricted Stock Units ( 3 ) 05/01/2022 M 4,312 ( 14 )( 15 ) ( 14 )( 15 ) Common Stock 4,312 $ 0 86,232 D Restricted Stock Units ( 3 ) 06/01/2022 M 4,311 ( 14 )( 15 ) ( 14 )( 15 ) Common Stock 4,311 $ 0 81,921 D Stock Option (right to buy) $ 10.69 06/06/2022 A 25,000 06/06/2023( 21 ) 06/06/2032( 21 ) Common Stock 25,000 $ 0 25,000 D Restricted Stock Units ( 3 ) 06/06/2022 A 25,000 06/06/2023( 22 ) 06/06/2032( 22 ) Common Stock 25,000 $ 0 25,000 D Restricted Stock Units ( 3 ) 07/01/2022 M 4,312 ( 14 )( 15 ) ( 14 )( 15 ) Common Stock 4,312 $ 0 77,609 D Restricted Stock Units ( 3 ) 08/01/2022 M 4,312 ( 14 )( 15 ) ( 14 )( 15 ) Common Stock 4,312 $ 0 73,297 D Restricted Stock Units ( 3 ) 09/01/2022 M 4,311 ( 14 )( 15 ) ( 14 )( 15 ) Common Stock 4,311 $ 0 68,986 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Edmondson Paul Taylor 200 VESEY ST. 24TH FLOOR NEW YORK, NY10281 President, Platform Signatures /s/ Paul Edmondson 09/07/2022 Signature of Reporting Person Date

Explanation of Responses:

( 1 )On February 9, 2022, the Company (formerly known as theMaven, Inc.) changed its name to The Arena Group Holdings, Inc., uplisted its common stock to the NYSE American, and began trading under the symbol "AREN." ( 2 )Effective at 8:00 p.m. Eastern Time on February 8, 2022, the common stock of the Company, par value $0.01 (the "Common Stock"), underwent a reverse split of 1-for-22 (the "Reverse Stock Split"). All amounts of Common Stock and other securities listed herein, and all exercise prices of derivative securities, have been adjusted to reflect the effect of the Reverse Stock Split (even if the listed transaction occurred before the effective date of the Reverse Stock Split). On Table I, the number of shares in Columns 4 and 5 on the second and third rows reflects previously filed transactions that now show their reverse split-adjusted amounts, and Column 5 is corrected to reflect the transaction on the first row of this Form 4 occurring prior to those transactions. ( 3 )The Reporting Person acquired the shares of Common Stock pursuant to the issuance of vested shares that were originally granted in a Restricted Stock Unit ("RSU") grant dated 2/18/2021. Each RSU represents a contingent right to receive 1 share of the Issuer's common stock. ( 4 )Repurchase of 735 already vested RSA shares at $88.00 per share on January 7, 2022 by Issuer pursuant to a repurchase agreement between the Issuer and shareholder. ( 5 )Repurchase of 29 already vested RSA shares at $88.00 per share on January 7, 2022 by Issuer pursuant to a repurchase agreement between the Issuer and shareholder. ( 6 )Holdings of Robin Edmondson, the Reporting Person's wife. ( 7 )Repurchase of 1,470 already vested RSA shares at $88.00 per share on February 5, 2022 by Issuer pursuant to a repurchase agreement between the Issuer and shareholder ( 8 )Repurchase of 58 already vested RSA shares at $88.00 per share on February 5, 2022 by Issuer pursuant to a repurchase agreement between the Issuer and shareholder ( 9 )Repurchase of 735 already vested RSA shares at $88.00 per share on March 5, 2022 by Issuer pursuant to a repurchase agreement between the Issuer and shareholder ( 10 )Repurchase of 29 already vested RSA shares at $88.00 per share on March 5, 2022 by Issuer pursuant to a repurchase agreement between the Issuer and shareholder ( 11 )Repurchase of 6,608 already vested RSA shares at $88.00 per share on April 5, 2022 by Issuer pursuant to a repurchase agreement between the Issuer and shareholder. This was the final repurchase pursuant to a repurchase agreement between the Issuer and shareholder ( 12 )Repurchase of 263 already vested RSA shares at $88.00 per share on April 5, 2022 by Issuer pursuant to a repurchase agreement between the Issuer and shareholder. This was the final repurchase pursuant to a repurchase agreement between the Issuer and shareholder ( 13 )Shares forfeited pursuant to tax withholding. ( 14 )1/3 of the shares associated with the RSU vest on January 1, 2022, with the balance of shares associated with the RSU vesting in 24 equal monthly installments thereafter (in full shares, rounded as necessary) ( 15 )The RSU was previously reported as covering 3,414,634 shares (prior to the Reverse Stock Split, which is equal to 155,211 shares post Reverse Stock Split). ( 16 )Stock Option Repricing Program. On March 18, 2022 (the "Repricing Date"), the Compensation Committee of the Company unanimously approved a one-time repricing of certain stock options (the "Repricing") outstanding under the Company's 2016 Stock Incentive Plan and 2019 Equity Incentive Plan that had an exercise price above $8.82 per share (the "Underwater Stock Options"). As a result of the Repricing, the exercise price of the Underwater Stock Options was set to $8.82 per share, which was the closing sale price of the Company's Common Stock as listed on the NYSE American exchange on March 18, 2022, and which price represented the per share fair market value (the "FMV") on the Repricing Date. ( 17 )Pursuant to the Repricing, the exercise price was reduced for 294,047 Underwater Stock Options held by the filer, For each of the filer's stock option grants, reporting guidance suggests this should be reported as two transactions to reflect the lowering of the exercise price to $8.82, whereby the Underwater Stock Options are disposed and the Repriced option are acquired. ( 18 )The option was originally granted on September 18, 2018. The shares of the Company's Common Stock underlying t he options vest one-third on September 18, 2019, with the balance vesting monthly over the next 24 months. ( 19 )The option was originally granted on April 10, 2019. The shares of the Company's Common Stock underlying the options as amended vest one-third on the one year anniversary, with the balance vesting monthly over the next 24 months. ( 20 )The option was originally granted on February 18, 2021. The shares of the Company's Common Stock underlying the options vest one-third on January 1, 2022, with the balance vesting monthly over the next 24 months. ( 21 )The option was originally granted on June 6, 2022. The shares of the Company's Common Stock underlying the options vest one-third on June 6, 2023, with the balance vesting monthly over the next 24 months. ( 22 )The RSU was originally granted on June 6, 2022. The shares of the Company's Common Stock underlying the RSU vest one-third on June 6, 2023, with the balance vesting monthly over the next 24 months.

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