On June 27, 2023, Avi Zimak, Chief Revenue Officer of The Arena Group Holdings, Inc. (the “Company”) and the Company agreed that Mr. Zimak would step down as the Company’s Chief Revenue Officer, effective June 30, 2023 . The decision is not the result of any dispute or disagreement with the Company, the Company’s management or the Board of Directors of the Company on any matter relating to the Company’s operations, policies or practices. The Company thanks him for his service and wishes him well.