Form 4: Arena Group Holdings Executive Forfeits Shares for Tax Withholding
SEC Form 4 Filing
Paul Taylor Edmondson, President of Platform at Arena Group Holdings, forfeited 4,564 shares of common stock to cover tax withholding obligations on June 26, 2024.
Summary
- On June 26, 2024, Paul Taylor Edmondson, the President of Platform at Arena Group Holdings, forfeited 4,564 shares of common stock.
- The shares were forfeited to cover tax withholding obligations.
- The price per share was $0.85.
- Following the transaction, Edmondson directly owns 92,482 shares of Arena Group Holdings.
Sentiment
Score: 5
Explanation: This Form 4 filing represents a routine transaction (tax withholding) and has a neutral sentiment.
Industry Context
This is a routine transaction related to tax obligations and is a common occurrence for executives who receive stock-based compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard tax-related share forfeiture.
Key Dates
| Date | Description |
|---|---|
| 06/26/2024 | Date of transaction: Paul Taylor Edmondson forfeited 4,564 shares for tax withholding. |
| 06/28/2024 | Date of signature on the Form 4 filing. |
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