Form 4 for PAAI Paradium.AI, Inc.
Accepted 2022-05-25 00:00:00 ET · period of report 2021-08-26 · accession 0001493152-22-015016 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-05-25 | 2022-03-07 | PAAI | Levinsohn Ross | CEO, Dir | F - Tax | $8.28 | -67.0K | 153.6K | -30% | -$555.0K |
| D | 2022-05-25 | 2021-11-22 | PAAI | Levinsohn Ross | CEO, Dir | A - Grant | $12.98 | +1,137 | 220.6K | +0.5% | +$14.8K |
| D | 2022-05-25 | 2021-08-26 | PAAI | Levinsohn Ross | CEO, Dir | M - OptEx | — | +155.2K | 219.5K | +242% | — |
| D | 2022-05-25 | 2021-08-26 | PAAI | Levinsohn Ross | CEO, Dir | M - OptEx | $0.00 | -155.2K | 77.6K | -67% | $0 |
| DM | 2022-05-25 | 2022-03-18 | PAAI | Levinsohn Ross | CEO, Dir | D - Sale to Iss | — | -405.6K | 0 | -100% | — |
| DM | 2022-05-25 | 2022-03-18 | PAAI | Levinsohn Ross | CEO, Dir | A - Grant | — | +405.6K | 99.8K | New | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-03-07 | F | D | 67,023 | $8.28 | 153,592 | D | — | — | (F4) Shares forfeited pursuant to tax withholding. (F1) On February 9, 2022, the Company (formerly known as theMaven, Inc.) changed its name to The Arena Group Holdings, Inc., uplisted its common stock to the NYSE American, and began trading under the symbol "AREN." |
| 2 | Common | Common Stock | 2021-11-22 | A | A | 1,137 | $12.98 | 220,615 | D | — | — | (F1) On February 9, 2022, the Company (formerly known as theMaven, Inc.) changed its name to The Arena Group Holdings, Inc., uplisted its common stock to the NYSE American, and began trading under the symbol "AREN." (F2) Effective at 8:00 p.m. Eastern Time on February 8, 2022, the common stock of the Company, par value $0.01 (the "Common Stock"), underwent a reverse split of 1-for-22 (the "Reverse Stock Split"). All amounts of Common Stock and other securities listed herein, and all exercise prices of derivative securities, have been adjusted to reflect the effect of the Reverse Stock Split (even if the listed transaction occurred before the effective date of the Reverse Stock Split). The previously reported transaction on 11/22/2021 is listed in Table I to show it's reverse split-adjusted amounts. Additionally, the number of shares listed in Column 5 in the first row of Table I above is corrected. |
| 3 | Common | Common Stock | 2021-08-26 | M | A | 155,211 | — | 219,478 | D | — | — | (F1) On February 9, 2022, the Company (formerly known as theMaven, Inc.) changed its name to The Arena Group Holdings, Inc., uplisted its common stock to the NYSE American, and began trading under the symbol "AREN." (F2) Effective at 8:00 p.m. Eastern Time on February 8, 2022, the common stock of the Company, par value $0.01 (the "Common Stock"), underwent a reverse split of 1-for-22 (the "Reverse Stock Split"). All amounts of Common Stock and other securities listed herein, and all exercise prices of derivative securities, have been adjusted to reflect the effect of the Reverse Stock Split (even if the listed transaction occurred before the effective date of the Reverse Stock Split). The previously reported transaction on 11/22/2021 is listed in Table I to show it's reverse split-adjusted amounts. Additionally, the number of shares listed in Column 5 in the first row of Table I above is corrected. (F3) The Reporting Person acquired the shares of Common Stock pursuant to the issuance of vested shares that were originally granted in a Restricted Stock Unit ("RSU") grant dated 2/18/2021. Each RSU represents a contingent right to receive 1 share of the Issuer's common stock. |
| 4 | Derivative | Restricted Stock Units | 2021-08-26 | M | D | 155,211 | $0.00 | 77,606 | D | — · — to — | 155,211 Common Stock | (F3) The Reporting Person acquired the shares of Common Stock pursuant to the issuance of vested shares that were originally granted in a Restricted Stock Unit ("RSU") grant dated 2/18/2021. Each RSU represents a contingent right to receive 1 share of the Issuer's common stock. (F6) The RSU was previously reported as covering 5,121,951 shares (prior to the Reverse Stock Split, which is equal to 232,816 shares post Reverse Stock Split). (F5) 1/3 of the shares associated with the RSU vest on the earlier of: (1) 45 days following the date the Common Stock is listed on a national securities exchange registered with the Securities and Exchange Commission under Section 6 of the Securities Exchange Act of 1934, (2) the date on which grantee's continuous service is terminated for any reason whatsoever, and (3) August 26, 2021, so long as the grantee is continuously employed by the Issuer or any affiliate immediately prior to such date; 1/3 of the shares associated with the RSU shall vest on the August 26, 2021, so long as the grantee is continuously employed by the Issuer or any affiliate immediately prior to such date; 1/3 of the shares associated with the RSU shall vest on the August 26, 2022, so long as the grantee is continuously employed by the Issuer or any affiliate immediately prior to such date. |
| 5 | Derivative | Stock Option (right to buy) | 2022-03-18 | D | D | 24,183 | — | 0 | D | $10.12 · — to 2029-04-10 | 24,183 Common Stock | (F8) Pursuant to the Repricing, the exercise price was reduced for 405,560 Underwater Stock Options held by Mr. Levinsohn, For each of Mr. Levinsohn's stock option grants, reporting guidance suggests this should be reported as two transactions to reflect the lowering of the exercise price to $8.82, whereby the Underwater Stock Options are disposed and the Repriced option are acquired. (F9) The option was originally granted on April 10, 2019. On January 8, 2021, our Board approved an amendment to the option award grant, such that the stock options vests one-third on the first anniversary of the grant date, with the balance vesting, on a monthly basis, over a two-year period. |
| 6 | Derivative | Stock Option (right to buy) | 2022-03-18 | A | A | 24,183 | — | 24,183 | D | $8.82 · — to 2029-04-10 | 24,183 Common Stock | (F8) Pursuant to the Repricing, the exercise price was reduced for 405,560 Underwater Stock Options held by Mr. Levinsohn, For each of Mr. Levinsohn's stock option grants, reporting guidance suggests this should be reported as two transactions to reflect the lowering of the exercise price to $8.82, whereby the Underwater Stock Options are disposed and the Repriced option are acquired. (F9) The option was originally granted on April 10, 2019. On January 8, 2021, our Board approved an amendment to the option award grant, such that the stock options vests one-third on the first anniversary of the grant date, with the balance vesting, on a monthly basis, over a two-year period. |
| 7 | Derivative | Stock Option (right to buy) | 2022-03-18 | A | A | 90,910 | — | 90,910 | D | $8.82 · — to 2029-06-11 | 90,910 Common Stock | (F8) Pursuant to the Repricing, the exercise price was reduced for 405,560 Underwater Stock Options held by Mr. Levinsohn, For each of Mr. Levinsohn's stock option grants, reporting guidance suggests this should be reported as two transactions to reflect the lowering of the exercise price to $8.82, whereby the Underwater Stock Options are disposed and the Repriced option are acquired. (F10) The option was originally granted on June 11, 2019. The shares of the Company's Common Stock underlying the options vest one-third on June 11, 2020, with the balance vesting monthly over the next 24 months. |
| 8 | Derivative | Stock Option (right to buy) | 2022-03-18 | D | D | 90,910 | — | 0 | D | $9.24 · — to 2029-06-11 | 90,910 Common Stock | (F8) Pursuant to the Repricing, the exercise price was reduced for 405,560 Underwater Stock Options held by Mr. Levinsohn, For each of Mr. Levinsohn's stock option grants, reporting guidance suggests this should be reported as two transactions to reflect the lowering of the exercise price to $8.82, whereby the Underwater Stock Options are disposed and the Repriced option are acquired. (F10) The option was originally granted on June 11, 2019. The shares of the Company's Common Stock underlying the options vest one-third on June 11, 2020, with the balance vesting monthly over the next 24 months. |
| 9 | Derivative | Stock Option (right to buy) | 2022-03-18 | A | A | 99,779 | — | 99,779 | D | $8.82 · — to 2031-02-18 | 99,779 Common Stock | (F8) Pursuant to the Repricing, the exercise price was reduced for 405,560 Underwater Stock Options held by Mr. Levinsohn, For each of Mr. Levinsohn's stock option grants, reporting guidance suggests this should be reported as two transactions to reflect the lowering of the exercise price to $8.82, whereby the Underwater Stock Options are disposed and the Repriced option are acquired. (F13) The option was originally granted on February 18, 2021. The shares of the Company's Common Stock underlying the options vest upon certain performance conditions, including achievement of certain stock targets. |
| 10 | Derivative | Stock Option (right to buy) | 2022-03-18 | D | D | 90,910 | — | 0 | D | $17.82 · — to 2029-09-16 | 90,910 Common Stock | (F8) Pursuant to the Repricing, the exercise price was reduced for 405,560 Underwater Stock Options held by Mr. Levinsohn, For each of Mr. Levinsohn's stock option grants, reporting guidance suggests this should be reported as two transactions to reflect the lowering of the exercise price to $8.82, whereby the Underwater Stock Options are disposed and the Repriced option are acquired. (F11) The option was originally granted on September 16, 2019. On January 8, 2021. The Company's Board approved an amendment to the option award grant, which eliminated the revenue vesting conditions, therefore, the award continues to vest solely on the time vesting condition, with one-third of the award vesting as of August 26, 2020, with the balance vesting monthly for each month of continuous service. |
| 11 | Derivative | Stock Option (right to buy) | 2022-03-18 | A | A | 90,910 | — | 90,910 | D | $8.82 · — to 2029-09-16 | 90,910 Common Stock | (F8) Pursuant to the Repricing, the exercise price was reduced for 405,560 Underwater Stock Options held by Mr. Levinsohn, For each of Mr. Levinsohn's stock option grants, reporting guidance suggests this should be reported as two transactions to reflect the lowering of the exercise price to $8.82, whereby the Underwater Stock Options are disposed and the Repriced option are acquired. (F11) The option was originally granted on September 16, 2019. On January 8, 2021. The Company's Board approved an amendment to the option award grant, which eliminated the revenue vesting conditions, therefore, the award continues to vest solely on the time vesting condition, with one-third of the award vesting as of August 26, 2020, with the balance vesting monthly for each month of continuous service. |
| 12 | Derivative | Stock Option (right to buy) | 2022-03-18 | D | D | 99,779 | — | 0 | D | $17.38 · — to 2031-02-18 | 99,779 Common Stock | (F8) Pursuant to the Repricing, the exercise price was reduced for 405,560 Underwater Stock Options held by Mr. Levinsohn, For each of Mr. Levinsohn's stock option grants, reporting guidance suggests this should be reported as two transactions to reflect the lowering of the exercise price to $8.82, whereby the Underwater Stock Options are disposed and the Repriced option are acquired. (F12) The option was originally granted on February 18, 2021. As of December 31, 2021, the shares of the Company's Common Stock underlying the options were to vest one-third upon the grant date, one-third to vest on August 26, 2021, with the remaining one-third vesting on August 26, 2022. |
| 13 | Derivative | Stock Option (right to buy) | 2022-03-18 | A | A | 99,779 | — | 99,779 | D | $8.82 · — to 2031-02-18 | 99,779 Common Stock | (F8) Pursuant to the Repricing, the exercise price was reduced for 405,560 Underwater Stock Options held by Mr. Levinsohn, For each of Mr. Levinsohn's stock option grants, reporting guidance suggests this should be reported as two transactions to reflect the lowering of the exercise price to $8.82, whereby the Underwater Stock Options are disposed and the Repriced option are acquired. (F12) The option was originally granted on February 18, 2021. As of December 31, 2021, the shares of the Company's Common Stock underlying the options were to vest one-third upon the grant date, one-third to vest on August 26, 2021, with the remaining one-third vesting on August 26, 2022. |
| 14 | Derivative | Stock Option (right to buy) | 2022-03-18 | D | D | 99,779 | — | 0 | D | $17.38 · — to 2031-02-18 | 99,779 Common Stock | (F8) Pursuant to the Repricing, the exercise price was reduced for 405,560 Underwater Stock Options held by Mr. Levinsohn, For each of Mr. Levinsohn's stock option grants, reporting guidance suggests this should be reported as two transactions to reflect the lowering of the exercise price to $8.82, whereby the Underwater Stock Options are disposed and the Repriced option are acquired. (F13) The option was originally granted on February 18, 2021. The shares of the Company's Common Stock underlying the options vest upon certain performance conditions, including achievement of certain stock targets. |