DLPN Form 4: William O'Dowd IV Purchases 4,100 Shares; Ownership Details

Rhea-AI Filing Summary

Insider purchase reported by Dolphin Entertainment, Inc. CEO and director William O'Dowd IV. On 09/15/2025 he purchased 4,100 shares of Dolphin Entertainment common stock at a weighted average price of $1.218 per share (purchases ranged from $1.21 to $1.25). After the transaction he directly beneficially owns 370,474 shares and holds additional indirect ownership through two wholly owned entities: 54,535 shares via Dolphin Entertainment, LLC and 62,106 shares via Dolphin Digital Media Holdings, LLC. The filing includes a signature dated 09/15/2025 and an offer to provide detailed per-trade pricing on request.

Positive

• Insider purchase of 4,100 shares indicates direct monetary investment by the CEO.
• Clear disclosure of direct and indirect holdings and willingness to provide per-trade pricing enhances transparency.

Negative

• None.

Insights

Financial Analyst

TL;DR: CEO purchased a modest number of shares at low-single-dollar prices, increasing his total direct stake substantially.

William O'Dowd IV reported an open-market purchase of 4,100 common shares at a weighted average price of $1.218 on 09/15/2025. The filing shows substantial existing direct ownership of 370,474 shares plus indirect holdings through two wholly owned entities. This transaction is an incremental insider buy that signals alignment with shareholder value but is limited in size relative to his overall holdings. No derivative transactions or dispositions were reported.

Corporate Governance Expert

TL;DR: Disclosure is clear and compliant; indirect holdings are properly reported, and the filer offers detailed pricing transparency.

The Form 4 properly discloses the reporting person’s officer and director status and separates direct and indirect beneficial ownership. Footnotes explain that the reported price is a weighted average across multiple trades and that two LLCs are wholly owned by the reporting person, which clarifies aggregation of beneficial ownership. The signature and offer to furnish per-trade pricing support transparency and regulatory compliance.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

O'Dowd William IV

(Last) (First) (Middle)

C/O DOLPHIN ENTERTAINMENT, INC.

150 ALHAMBRA CIRCLE, SUITE 1200

(Street)

CORAL GABLES FL 33134

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Dolphin Entertainment, Inc. [ DLPN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/15/2025		P		4,100	A	$1.218(1)	370,474	D
Common Stock								54,535	I	By Dolphin Entertainment, LLC(2)
Common Stock								62,106	I	By Dolphin Digital Media Holdings, LLC(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.21 to $1.25, inclusive. The reporting person undertakes to provide to Dolphin Entertainment, Inc., any security holder of Dolphin Entertainment, Inc or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price with the ranges set forth in this footnote (1) to this Form 4.

2. Dolphin Entertainment, LLC is an entity wholly owned by William O'Dowd IV.

3. Dolphin Digital Media Holdings LLC is an entity wholly owned by William O'Dowd IV.

	/s/ William O'Dowd IV	09/15/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did William O'Dowd IV report on the Form 4 for DLPN?

He reported purchasing 4,100 shares of Dolphin Entertainment common stock on 09/15/2025.

At what price were the DLPN shares purchased?

The filing reports a weighted average price of $1.218 per share, with individual purchases ranging from $1.21 to $1.25.

How many DLPN shares does the reporting person own after the transaction?

Following the transaction he directly beneficially owns 370,474 shares and indirectly owns 54,535 and 62,106 shares through two wholly owned LLCs.

Are there any derivative transactions reported in this Form 4?

No derivative securities (options, warrants, puts, calls) are reported in Table II of this Form 4.

Does the filing include any additional disclosure about pricing or entities?

Yes, footnotes state the price is a weighted average across multiple transactions and that Dolphin Entertainment, LLC and Dolphin Digital Media Holdings, LLC are wholly owned by William O'Dowd IV.