THE ARENA GROUP HOLDINGS INC

Ticker: AREN CUSIP: 040044109 Class: Common Stock

TWO SIGMA INVESTMENTS, LP's Holding History (CIK: 0001179392)

Note: Option positions (PUT/CALL) are excluded.

Q3 2025

Shares 22,017 Value ($000) $120 Avg Close $6.22 Range $5.10 - $7.85

Q2 2025

Shares 15,469 Value ($000) $96 Avg Close $4.91 Range $1.64 - $10.05

Q1 2025

Shares 10,400 Value ($000) $18 Avg Close $1.46 Range $1.05 - $1.79

Q4 2024

Shares 16,267 Value ($000) $22 Avg Close $1.11 Range $0.56 - $2.18

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2025	22,017	$120	$6.22	$5.10 - $7.85
Q2 2025	15,469	$96	$4.91	$1.64 - $10.05
Q1 2025	10,400	$18	$1.46	$1.05 - $1.79
Q4 2024	16,267	$22	$1.11	$0.56 - $2.18