Skip to content
sellNotable cluster of 2

B. Riley Financial, Inc. sold $21M of PAAI

owner at Arena Group Holdings, Inc.. 7,400,017 shares at an average of $2.90, traded Nov 30, 2023, filed Dec 4, 2023.

Warning score
65
Value
$21M
7,400,017 shares
Holdings after
0
-139% from before
From 52-week low
-
no price yet
From 52-week high
-
no price yet

Score components

  • Role
    10% owner
    +12
  • Trade size
    $21.5M at market
    +25
  • Share of holdings sold
    Sold 100% of holdings
    +20
  • Cluster
    2 insiders selling within 14 days
    +8

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

PAAIOct 12, 2026 · close 1.07
Since filing Sep 13, 2024: +18.9%SPY +76.7% · excess -57.8%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0001213900-23-092321, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Nov 30, 2023SOpen-market sale
Common Stock, par value $0.01 per shareindirect: By BRF Investments, LLC
-5,323,282$2.90$15M0Dec 4, 2023
Nov 30, 2023SOpen-market sale
Common Stock, par value $0.01 per shareindirect: By B. Riley Securities, Inc.
-363,246$2.90$1.1M0Dec 4, 2023
Nov 30, 2023SOpen-market sale
Common Stock, par value $0.01 per shareindirect: By B. Riley Principal Investments, LLC
-29,342$2.90$85k0Dec 4, 2023
Nov 30, 2023SOpen-market sale
Common Stock, par value $0.01 per share
-1,588,642$2.90$4.6M0Dec 4, 2023
Nov 30, 2023SOpen-market sale
Common Stock, par value $0.01 per shareindirect: By Bryant R. Riley, as UTMA custodian for Abigail Riley
-23,232$2.90$67k0Dec 4, 2023
Nov 30, 2023SOpen-market sale
Common Stock, par value $0.01 per shareindirect: By Bryant R. Riley, as UTMA custodian for Charlie Riley
-25,809$2.90$75k0Dec 4, 2023
Nov 30, 2023SOpen-market sale
Common Stock, par value $0.01 per shareindirect: By Bryant R. Riley, as UTMA custodian for Susan Riley
-23,232$2.90$67k0Dec 4, 2023
Nov 30, 2023SOpen-market sale
Common Stock, par value $0.01 per shareindirect: By Bryant R. Riley, as UTMA custodian for Eloise Riley
-23,232$2.90$67k0Dec 4, 2023

Related signals

Other insiders at Arena Group Holdings, Inc. and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
35Weak
PAAIbuy
Arena Group Holdings, Inc.
Cavitt Randall
Chief Executive Officer
$78k
55,780 shares
+24%
52Moderate
PAAIsell 2
Arena Group Holdings, Inc.
Laura Anne Lee
director
$78k
55,780 shares
-100%
29Weak
PAAIbuy
Arena Group Holdings, Inc.
Cavitt Randall
Chief Executive Officer
$34k
25,010 shares
+12%
49Moderate
PAAIsell 2
Arena Group Holdings, Inc.
Christopher Petzel
director
$34k
25,010 shares
-100%
23Weak
PAAIbuy
Arena Group Holdings, Inc.
Cavitt Randall
Chief Executive Officer
$31k
25,000 shares
+14%
30Weak
PAAIsell
Arena Group Holdings, Inc.
Christopher Petzel
director
$31k
25,000 shares
-50%
42Moderate
PAAIbuy
Arena Group Holdings, Inc.
Simplify Inventions, LLC
owner
$12M
5,555,555 shares
+53%
64Notable
PAAIsell 2
Arena Group Holdings, Inc.
Todd D. Sims
director
$152k
52,267 shares
-99%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

B. Riley Financial, Inc. sold $21M of PAAI | InsiderTell