Form 4: Arena Group Holdings Director Acquires and Disposes of Shares in Recent Transaction
SEC Form 4
Director Randall Cavitt reports acquiring and disposing of Arena Group Holdings shares in a transaction dated August 28, 2024.
Summary
- On August 28, 2024, Randall Cavitt, a director of Arena Group Holdings, Inc., engaged in a transaction involving the company's common stock.
- Cavitt acquired 42,074 shares at a price of $0.85 per share through a private acquisition using VWAP pricing.
- Following the reported transaction, Cavitt's beneficial ownership of Arena Group Holdings common stock is 174,811 shares.
- The transaction was reported on August 29, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a transaction by a company director, with neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to the market.
Stakeholder Impact
- The transaction may provide insights to shareholders regarding the director's view on the company's value.
Key Dates
| Date | Description |
|---|---|
| 08/28/2024 | Date of transaction: Randall Cavitt acquired 42,074 shares of Arena Group Holdings at $0.85 per share. |
| 08/29/2024 | Date of report submission. |
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