THE ARENA GROUP HOLDINGS INC

Ticker: AREN CUSIP: 040044109 Class: Common Stock

CWM, LLC's Holding History (CIK: 0001535847)

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

Q4 2025

Shares 21 Value ($000) $0 Avg Close $4.49 Range $3.15 - $5.95

Q3 2025

Shares 14 Value ($000) $0 Avg Close $6.22 Range $5.10 - $7.85

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	21	$0	$4.49	$3.15 - $5.95
Q3 2025	14	$0	$6.22	$5.10 - $7.85