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 24,995 shares of common stock on February 26, 2024, to cover tax withholding obligations.
Summary
- On February 26, 2024, Douglas Baker Smith, the Chief Financial Officer of Arena Group Holdings, Inc., forfeited 24,995 shares of common stock.
- The forfeiture was executed to satisfy tax withholding requirements.
- Following the transaction, Smith directly owns 90,611 shares of Arena Group Holdings, Inc.
Sentiment
Score: 5
Explanation: This is a neutral event related to tax obligations and doesn't inherently indicate positive or negative sentiment.
Industry Context
This is a routine Form 4 filing, which is common for corporate insiders who have transactions involving their company's stock. It is a regular part of corporate governance and transparency.
Stakeholder Impact
- The forfeiture of shares has a minimal impact on shareholders as it is related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Date of transaction: CFO Douglas Baker Smith forfeited shares for tax withholding. |
| 02/28/2024 | Date of signature on the Form 4 filing. |
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