Dolphin Entertainment (DLPN) CEO reports 84,745-share purchase at $1.18

Rhea-AI Filing Summary

Insider purchase reported: Dolphin Entertainment CEO and director William O'Dowd IV acquired 84,745 shares of Dolphin Entertainment, Inc. (DLPN) on 08/21/2025 at $1.18 per share under transaction code P, increasing his reported beneficial holdings. Following the reported purchase, the Form 4 lists 353,724 shares beneficially owned directly. The filing also discloses indirect holdings of 54,535 shares through Dolphin Entertainment, LLC and 62,106 shares through Dolphin Digital Media Holdings, LLC, both entities noted as wholly owned by Mr. O'Dowd IV.

The Form 4 is signed by Mr. O'Dowd IV on 08/25/2025 and contains no derivative transactions or additional amendments. The document provides only the stated purchase, the resulting direct and indirect ownership figures, and entity ownership clarifications.

Insights

Financial Analyst

TL;DR: CEO purchased 84,745 shares at $1.18, increasing direct holdings to 353,724 shares; this is a clear insider purchase signal.

The reported open-market acquisition of 84,745 shares at $1.18 per share is a concrete insider purchase that increases the CEO's direct stake. Such purchases can be interpreted as a signal of confidence by management because they involve personal capital deployment into company equity. The filing shows no offsetting sales or derivative transactions, and the disclosure of indirect holdings via two wholly owned entities clarifies the structure of total beneficial ownership. For valuation or market-impact analysis, compare purchase size to public float and recent trading volumes (not provided here).

Corporate Governance Expert

TL;DR: Form 4 correctly discloses a director/officer purchase and the ownership of related entities; filing appears compliant and straightforward.

The Form 4 identifies the reporting person as both a director and the Chief Executive Officer and lists ownership through two wholly owned entities, which aligns with disclosure expectations for beneficial ownership. The filing uses transaction code "P" and includes a manual signature dated 08/25/2025. There are no amendments, option exercises, or plan-based trades noted. From a governance perspective, the report is routine and transparent regarding direct and indirect holdings.

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).

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)
08/21/2025

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	08/21/2025		P		84,745	A	$1.18	353,724	D
Common Stock								54,535	I	By Dolphin Entertainment, LLC(1)
Common Stock								62,106	I	By Dolphin Digital Media Holdings, LLC(2)

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

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

	/s/ William O'Dowd IV	08/25/2025
	** 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 DLPN Form 4?

The filing reports a purchase of 84,745 shares of Dolphin Entertainment (DLPN) on 08/21/2025 at $1.18 per share under transaction code P.

How many shares does the CEO beneficially own after the reported DLPN transaction?

The Form 4 states 353,724 shares are beneficially owned directly following the reported transaction, plus indirect holdings of 54,535 and 62,106 shares through two wholly owned entities.

Which entities hold indirect DLPN shares on behalf of William O'Dowd IV?

Indirect holdings are reported via Dolphin Entertainment, LLC (54,535 shares) and Dolphin Digital Media Holdings, LLC (62,106 shares); both are described as wholly owned by Mr. O'Dowd IV.

Did the Form 4 disclose any derivative transactions for DLPN?

No. Table II for derivative securities contains no reported transactions or derivative holdings in this filing.

When was the Form 4 signed by the reporting person?

The Form 4 is signed by William O'Dowd IV on 08/25/2025.