THE ARENA GROUP HOLDINGS INC

Ticker: AREN CUSIP: 040044109 Class: Common Stock

Police & Firemen's Retirement System of New Jersey's Holding History (CIK: 0002040686)

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

Q4 2025

Shares 5,552 Value ($000) $22 Avg Close $4.49 Range $3.15 - $5.95

Q3 2025

Shares 5,552 Value ($000) $30 Avg Close $6.22 Range $5.10 - $7.85

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	5,552	$22	$4.49	$3.15 - $5.95
Q3 2025	5,552	$30	$6.22	$5.10 - $7.85