Insider Purchase: DLPN CEO Raises Direct Stake to 264,679 Shares

Rhea-AI Filing Summary

William O'Dowd IV, who serves as Chief Executive Officer and a director of Dolphin Entertainment (DLPN), purchased 4,400 shares of the company’s common stock on 08/11/2025 at a weighted average price of $1.133 per share (individual trades ranged from $1.07 to $1.16).

Following the purchase the reporting person directly beneficially owned 264,679 shares and also reported indirect beneficial ownership of 54,535 shares through Dolphin Entertainment, LLC and 62,106 shares through Dolphin Digital Media Holdings, LLC, both wholly owned by Mr. O'Dowd. The Form 4 notes the filer will provide per-price purchase details on request.

Insights

Securities Analyst

TL;DR: CEO purchased 4,400 DLPN shares at a $1.133 weighted average, modestly increasing direct ownership; the transaction appears routine.

The Form 4 reports a purchase code (P) for 4,400 shares executed on 08/11/2025 at a weighted average price of $1.133, with execution prices spanning $1.07 to $1.16. The filing shows direct beneficial ownership of 264,679 shares after the purchase and identifies two wholly owned entities that hold additional indirect stakes. This is a straightforward insider purchase disclosure; based solely on the form’s figures, the transaction is factual and transparent, but the filing does not indicate size-relative context to the company’s outstanding shares or market capitalization.

Corporate Governance Expert

TL;DR: CEO and director increased direct holdings; disclosure includes entity ownership footnotes and an offer to provide detailed per-price breakdowns.

The filing confirms the reporting person’s dual role as CEO and director and documents ownership through two wholly owned entities, which clarifies direct and indirect holdings. The footnotes explicitly state the entity ownership and the price range for the purchases and offer to provide further granularity on request. From a governance and disclosure perspective, the Form 4 supplies required detail about the transaction and ownership structure without indicating any regulatory exception or amendment.

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

OMB Number:			3235-0287
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hours per response:			0.5

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

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

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)
08/11/2025

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	08/11/2025		P		4,400	A	$1.133(1)	264,679	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 $1.07 to $1.16, 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	08/13/2025
	** 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.
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FAQ

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

He reported a purchase of 4,400 shares of Dolphin Entertainment common stock on 08/11/2025 at a weighted average price of $1.133 per share.

How many shares does William O'Dowd IV directly own after the reported DLPN transaction?

Direct beneficial ownership is 264,679 shares following the reported purchase.

Does the Form 4 disclose any indirect holdings for the DLPN reporting person?

Yes. The Form 4 shows 54,535 shares held by Dolphin Entertainment, LLC and 62,106 shares held by Dolphin Digital Media Holdings, LLC, each stated as wholly owned by William O'Dowd IV.

What price range did the DLPN purchases occur at according to the filing?

Purchases were made at prices ranging from $1.07 to $1.16, with a reported weighted average price of $1.133.

Will more granular trade price information be made available for the DLPN Form 4 purchases?

Yes. The reporting person states they will provide, upon request, the number of shares purchased at each separate price within the disclosed range.