The Arena Group Holdings, Inc. (AREN) Form 3 theMaven / Douglas Baker Smith 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^*

Smith Douglas Baker

(Last) (First) (Middle)

225 LIBERTY STREET, 27TH FLOOR

(Street)

NEW YORK NY 10281

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
05/03/2019

3. Issuer Name and Ticker or Trading Symbol
theMaven, Inc. [ MVEN ]

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

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

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

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

X	Form filed by One Reporting Person
	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)

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
Options to purchase	03/11/2020(1)	02/11/2029	Common Stock	1,500,000	0.57	D
Options to purchase	12/18/2020(3)	04/10/2029	Common Stock	1,064,008(2)	0.46	D

Explanation of Responses:

1. 1/3 vests after 1 year. Balance vests monthly over next 2 years.

2. Grant vests 1/3 after first year. Balance monthly over next 2 years.

3. The ability to exercise is subject to both: i) vesting conditions (2) and ii) the Issuer's stockholders approving a requisite increase in authorized shares of common stock, after the date the grant was issued, that would apply to this grant; such requisite increased was approved as of December 18, 2020.

	/s/ Douglas Baker Smith	02/03/2021
	** 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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