Dolphin Entertainment (DLPN): CEO Purchase Adds to Insider Holdings

Rhea-AI Filing Summary

Insider purchase increases direct stake in Dolphin Entertainment (DLPN) William O'Dowd IV, CEO and Director of Dolphin Entertainment, purchased 4,300 shares of the company's common stock on 08/18/2025 at a weighted average price of $1.145 per share. After the purchase, his direct beneficial ownership is reported as 268,979 shares. He also holds indirect interests through two wholly owned entities: Dolphin Entertainment, LLC (54,535 shares) and Dolphin Digital Media Holdings, LLC (62,106 shares). The filing notes the purchase prices ranged from $1.10 to $1.18 and the reporting person certified intent under Rule 10b5-1(c).

Positive

• CEO purchased shares (4,300) at a weighted average price of $1.145, increasing direct ownership to 268,979 shares
• Clear disclosure of indirect holdings via two wholly owned entities: 54,535 and 62,106 shares
• Transaction made pursuant to a Rule 10b5-1(c) plan, and the filing includes footnote detail on price ranges ($1.10–$1.18)

Negative

• None.

Insights

Securities Analyst

TL;DR: CEO purchased additional shares at ~$1.15, modestly increasing direct ownership; transaction may signal management confidence.

The 4,300-share purchase at a weighted average of $1.145 is a small, outright acquisition that raises the reporting person’s direct stake to 268,979 shares. The filing discloses substantial indirect holdings via two wholly owned entities (54,535 and 62,106 shares), indicating concentrated insider ownership. The use of a Rule 10b5-1 plan is explicitly indicated, which documents the transaction's preplanned nature. For investors, this is a clear, documented insider buy but not a large capital deployment relative to typical market-moving insider transactions.

Corporate Governance Expert

TL;DR: Transaction follows disclosure norms; CEO signs and certifies plan compliance, strengthening governance transparency.

The Form 4 is properly executed and signed, includes a Rule 10b5-1(c) indication, and provides the required footnote about weighted-average pricing and availability of per-price breakdowns on request. The filing also clarifies ownership through wholly owned LLCs, reducing ambiguity about indirect holdings. From a governance perspective, documentation and disclosure are complete and transparent in the filing's scope.

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
Estimated average burden
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)
08/18/2025

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	08/18/2025		P		4,300	A	$1.145(1)	268,979	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 $1.10 to $1.18, 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	08/19/2025
	** 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 insider transaction did Dolphin Entertainment (DLPN) report on Form 4?

Answer: William O'Dowd IV reported purchasing 4,300 shares of common stock on 08/18/2025 at a weighted average price of $1.145.

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

Answer: He reports 268,979 shares owned directly following the transaction, plus indirect holdings of 54,535 and 62,106 shares through two LLCs.

Was the DLPN insider transaction part of a 10b5-1 plan?

Answer: Yes. The filing indicates the transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the Rule 10b5-1(c) affirmative defense.

What price range was paid for the DLPN shares purchased by the CEO?

Answer: The filing states shares were purchased at prices ranging from $1.10 to $1.18, inclusive, with a reported weighted average of $1.145.

Who signed the Form 4 for the DLPN transaction and when?

Answer: The Form 4 was signed by /s/ William O'Dowd IV on 08/19/2025.