Arena Capital Fund, L.P.- Series 3 Form 3 Northern Star Investment Corp. II / Capital Fund, L.P.- Series 3 Arena ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Arena Capital Advisors, LLC- CA

(Last) (First) (Middle)

12121 WILSHIRE BLVD., STE. 1010

(Street)

LOS ANGELES, CA 90025

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/29/2021

3. Issuer Name and Ticker or Trading Symbol
Northern Star Investment Corp. II [ NSTB/U ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
CLASS A COMMON STOCK	10,062,500	I	AS INVESTMENT ADVISER OR GENERAL PARTNER.

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

Arena Capital Advisors, LLC- CA

(Last) (First) (Middle)

12121 WILSHIRE BLVD., STE. 1010

(Street)

LOS ANGELES, CA 90025

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

ARENA SHORT DURATION HIGH YIELD FUND, LP - SERIES A

(Last) (First) (Middle)

12121 WILSHIRE BLVD., SUITE 1010

(Street)

LOS ANGELES CA 90025

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Arena Capital Fund, L.P.- Series 3

(Last) (First) (Middle)

12121 WILSHIRE BLVD., SUITE 1010

(Street)

LOS ANGELES CA 90025

(City) (State) (Zip)

Explanation of Responses:

Remarks:

Form 2 of 2.

	ARENA CAPITAL ADVISORS, LLC-CA, BY SANIJE PERRETT, MEMBER, AS INVESTMENT ADVISER TO ADDITIONAL REPORTING PERSONS, /S/ SANIJE PERRETT	01/29/2021
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
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