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        Signature
      
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        /s/ Todd Sims
      
      
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        Stock symbol
      
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        AREN
      
      
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        Transactions as of
      
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        Jul 31, 2022
      
      
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        Transactions value $
      
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        $0
      
      
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        Form type
      
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        4
      
      
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        Date filed
      
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        8/1/2022, 02:07 PM
      
 
     
   
 
  
    Transactions Table
  
  
    
      
        
          | Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes | 
      
      
          
            | transaction | AREN | Common Stock | Options Exercise |  | +675 | +1.52% |  | 45.2K | Jul 31, 2022 | Direct | F1, F2, F3 | 
      
    
   
  
    Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)
  
  
    
      
        
          | Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes | 
      
      
          
            | transaction | AREN | Restricted Stock Units | Options Exercise | $0 | -675 | -16.67% | $0.00 | 3.38K | Jul 31, 2022 | Common Stock | 675 |  | Direct | F3, F4 | 
      
    
   
  
    * An asterisk sign (*) next to the price indicates that the price is likely invalid.
  
  
    Explanation of Responses: