Form 4: Arena Group Holdings CFO Douglas Baker Smith Forfeits Shares for Tax Withholding
SEC Form 4 Filing
Douglas Baker Smith, CFO of Arena Group Holdings, forfeited 4,042 shares of common stock on June 26, 2024, to cover tax withholding obligations.
Summary
- On June 26, 2024, Douglas Baker Smith, the Chief Financial Officer of Arena Group Holdings, Inc., forfeited 4,042 shares of common stock.
- The transaction was executed to cover tax withholding obligations.
- Following the transaction, Smith directly owns 86,569 shares of Arena Group Holdings, Inc.
Sentiment
Score: 5
Explanation: This is a neutral event related to tax obligations. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This is a routine transaction related to tax obligations and is a common occurrence for corporate executives.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/26/2024 | Date of transaction: CFO Douglas Baker Smith forfeited shares for tax withholding. |
| 06/28/2024 | Date of signature on the Form 4 filing. |
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