[Form 4] Dolphin Entertainment, Inc. Insider Trading Activity

Rhea-AI Filing Summary

William O'Dowd IV, CEO and director of Dolphin Entertainment, Inc. (DLPN), purchased 4,150 shares of the company's common stock on 09/08/2025 at a weighted average price of $1.187 per share under a Rule 10b5-1 plan. After the purchase he directly beneficially owns 366,374 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 discloses the weighted-average price range for the multiple purchase transactions ($1.18–$1.20) and confirms the reporting obligation was satisfied by a signed Form 4.

Positive

• CEO purchased shares, indicating insider accumulation and alignment with shareholders
• Transaction executed under a Rule 10b5-1 plan, which provides procedural safeguards around timing
• Clear disclosure of indirect holdings via two wholly owned entities, improving transparency

Negative

• None.

Insights

Financial Analyst

TL;DR: Insider purchase by the CEO signals personal investment but is modest in size relative to total reported holdings.

The CEO's purchase of 4,150 shares at a weighted average of $1.187 shows continued insider accumulation and alignment with shareholders, executed under a 10b5-1 plan which adds procedural credibility. The filing also clarifies material indirect holdings through two entities fully owned by the reporting person, which increases consolidated economic exposure to DLPN equity. Without company market-cap or float data in this filing, the transaction's magnitude versus outstanding shares cannot be assessed here.

Corporate Governance Expert

TL;DR: The disclosure is clean and follows Section 16 rules; use of a 10b5-1 plan reduces timing concerns.

The Form 4 is properly completed, signed, and notes the purchase was made pursuant to a written plan, which helps mitigate insider trading timing concerns. The explicit identification of wholly owned entities clarifies indirect beneficial ownership and avoids ambiguity about control. No amendments or corrective disclosures appear required based on the information provided.

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)
09/08/2025

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	09/08/2025		P		4,150	A	$1.187(1)	366,374	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 $1.18 to $1.20, 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	09/08/2025
	** 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 shares did William O'Dowd IV buy in Dolphin Entertainment (DLPN)?

He purchased 4,150 shares of common stock on 09/08/2025.

At what price were the DLPN shares purchased by the CEO?

The shares were acquired at a weighted average price of $1.187, with transaction prices ranging from $1.18 to $1.20.

Does the Form 4 indicate the purchase was part of a trading plan?

Yes. The filing is marked to indicate the transaction was pursuant to a Rule 10b5-1(c) written plan.

How many DLPN shares does William O'Dowd IV beneficially own after the purchase?

He directly owns 366,374 shares and indirectly holds 54,535 and 62,106 shares through two wholly owned entities.

Are the indirect holdings controlled by the reporting person?

Yes. The filing states Dolphin Entertainment, LLC and Dolphin Digital Media Holdings, LLC are wholly owned by William O'Dowd IV.