0000899243-24-000127.txt : 20240130 0000899243-24-000127.hdr.sgml : 20240130 20240130103020 ACCESSION NUMBER: 0000899243-24-000127 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240117 FILED AS OF DATE: 20240130 DATE AS OF CHANGE: 20240130 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Heckman James Charles Jr CENTRAL INDEX KEY: 0001689074 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-12471 FILM NUMBER: 24576296 MAIL ADDRESS: STREET 1: 5048 ROOSEVELT WAY NE CITY: SEATTLE STATE: WA ZIP: 98105 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: STROME MARK E CENTRAL INDEX KEY: 0000919484 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-12471 FILM NUMBER: 24576295 MAIL ADDRESS: STREET 1: 100 WILSHIRE BLVD STREET 2: 15TH FL CITY: SANTA MONICA STATE: CA ZIP: 90401 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Roundtable LLC Series 1111 CENTRAL INDEX KEY: 0001973336 ORGANIZATION NAME: STATE OF INCORPORATION: PR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-12471 FILM NUMBER: 24576293 BUSINESS ADDRESS: STREET 1: 151 SAN FRANCISCO STREET, SUITE 200 CITY: SAN JUAN STATE: PR ZIP: 00901 BUSINESS PHONE: 787-722-1238 MAIL ADDRESS: STREET 1: 151 SAN FRANCISCO STREET, SUITE 200 CITY: SAN JUAN STATE: PR ZIP: 00901 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Pierce Brock Jeffrey CENTRAL INDEX KEY: 0001913363 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-12471 FILM NUMBER: 24576292 MAIL ADDRESS: STREET 1: 151 SAN FRANCISCO STREET, STREET 2: SUITE 200 PMB 5450 CITY: SAN JUAN STATE: PR ZIP: 00901 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Warlock Partners LLC CENTRAL INDEX KEY: 0001973283 ORGANIZATION NAME: STATE OF INCORPORATION: PR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-12471 FILM NUMBER: 24576294 BUSINESS ADDRESS: STREET 1: 151 SAN FRANCISCO STREET, SUITE 200 CITY: SAN JUAN STATE: PR ZIP: 00901 BUSINESS PHONE: 787-722-1238 MAIL ADDRESS: STREET 1: 151 SAN FRANCISCO STREET, SUITE 200 CITY: SAN JUAN STATE: PR ZIP: 00901 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Arena Group Holdings, Inc. CENTRAL INDEX KEY: 0000894871 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] ORGANIZATION NAME: 06 Technology IRS NUMBER: 680232575 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 200 VESEY STREET STREET 2: 24TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10281 BUSINESS PHONE: 212 321 5002 MAIL ADDRESS: STREET 1: 200 VESEY STREET STREET 2: 24TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10281 FORMER COMPANY: FORMER CONFORMED NAME: theMaven, Inc. DATE OF NAME CHANGE: 20161228 FORMER COMPANY: FORMER CONFORMED NAME: THEMAVEN, INC. DATE OF NAME CHANGE: 20161209 FORMER COMPANY: FORMER CONFORMED NAME: INTEGRATED SURGICAL SYSTEMS INC DATE OF NAME CHANGE: 19960725 3 1 doc3.xml FORM 3 SUBMISSION X0206 3 2024-01-17 0 0000894871 Arena Group Holdings, Inc. AREN 0001689074 Heckman James Charles Jr C/O ROUNDTABLE MEDIA, INC., 4300 UNIVERSITY WAY NE, SUITE C SEATTLE WA 98105 0 0 0 1 See Remarks 0000919484 STROME MARK E C/O STROME GROUP, INC. 13535 VENTURA BLVD., STE C-525 SHERMAN OAKS CA 91423 0 0 0 1 See Remarks 0001973283 Warlock Partners LLC 151 SAN FRANCISCO STREET, SUITE 200 SAN JUAN PR 00901 PUERTO RICO 0 0 0 1 See Remarks 0001973336 Roundtable LLC Series 1111 151 SAN FRANCISCO STREET, SUITE 200 SAN JUAN PR 00901 PUERTO RICO 0 0 0 1 See Remarks 0001913363 Pierce Brock Jeffrey 151 SAN FRANCISCO STREET, SUITE 200 SAN JUAN PR 00901 PUERTO RICO 0 0 0 1 See Remarks Common Stock, par value $0.01 186123 D Common Stock, par value $0.01 1488617 I See Footnotes Common Stock, par value $0.01 1108194 I See Footnotes Options (right to buy) Common Stock 102250 D Options (right to buy) Common Stock 659510 D Series H Preferred Stock Common Stock 303600 I See Footnotes The reported securities are beneficially owned by James C. Heckman. The reported securities are directly owned by the Warlock Partners, LLC ("Warlock"), and may be deemed beneficially owned by The Roundtable LLC, Series 1111 ("Roundtable LLC") as manager of Warlock and by Brock Pierce as the manager of Roundtable LLC. Each of Roundtable LLC and Mr. Pierce disclaims beneficial ownership of the reported securities directly owned by Warlock, except to the extent of its or his pecuniary interest therein. The reported securities are directly owned by certain trusts and private funds (the "Strome Investors") managed, directly or indirectly, by Mark E. Strome. Mr. Strome disclaims beneficial ownership of the reported securities directly owned by the Strome Investors, except to the extent of his pecuniary interest therein. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein as beneficially owned by the other Reporting Persons. This report shall not be deemed an admission that any Reporting Person is a beneficial owner of any other Reporting Person's securities for purposes of Section 16 of the Exchange Act or for any other purpose. The reported option granted pursuant to the Issuer's 2016 Stock Incentive Plan (the "2016 Option") vested monthly over the three years following the initial grant date. On September 14, 2018, the Issuer's Board of Directors (the "Board') approved an amendment to the 2016 Option so that it remained exercisable for the full the term of the option. The reported option granted pursuant to the Issuer's 2019 Stock Incentive Plan (the "2019 Option") vested one-third on the first anniversary of the grant date, and then monthly over the next two years, subject to certain target stock price and daily liquidity conditions. On April 10, 2019, the Board approved an amendment to the 2019 Option so that it remained exercisable for the full term, and changed the vesting schedule to provide for immediate vesting of a portion of the option, with the remainder subject to performance-based vesting tied to certain target stock price and daily liquidity conditions. Subject to the blocker (described below), the shares of Series H Preferred Stock (the "Preferred Stock") are convertible into the common stock, par value $0.01, of the Issuer (the "Common Stock") at any time, and have no expiration date, but are subject to mandatory conversion on the fifth anniversary of the original issuance date. The Preferred Stock are subject to a blocker that prohibits the Issuer from effecting a conversion of the Preferred Stock 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). As the group owns more than 10% of the Common Stock, the members of the group are effectively barred from converting their Preferred Stock into additional shares of Common Stock. Absent this blocker, the 2,200 shares of Preferred Stock held by Warlock would be convertible into 303,600 shares of the Common Stock at its election. Members of 10% beneficial owner group /s/ James C. Heckman, JAMES C. HECKMAN 2024-01-29 WARLOCK PARTNERS, LLC, By: The Roundtable LLC, Series 1111, its Manager, By: /s/ Brock Pierce, Brock Pierce, Manager 2024-01-29 THE ROUNDTABLE LLC, SERIES 1111, By: /s/ Brock Pierce, Brock Pierce, Manager 2024-01-29 /s/ Brock Pierce, BROCK PIERCE 2024-01-29 /s/ Mark E. Strome, MARK E. STROME 2024-01-29